Reddit Inc. (NYSE: RDDT) is 22.70% higher on its value in year-to-date trading and has touched a low of $37.35 and a high of $78.08 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RDDT stock was last observed hovering at around $59.15 in the last trading session, with the day’s gains setting it 2.74%.
Currently trading at $61.89, the stock is 7.05% and 2.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.82 million and changing 4.63% at the moment leaves the stock 9.54% off its SMA200.
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The stock witnessed a 12.69% in the last 1 month and extending the period to 3 months gives it a 2.55%, and is 8.83% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.26% over the week and 5.24% over the month.
Reddit Inc. (RDDT) has around 2013 employees, a market worth around $10.27B and $981.40M in sales. Profit margin for the company is -58.49%. Distance from 52-week low is 65.70% and -20.74% from its 52-week high. The company has generated returns on investments over the last 12 months (-29.95%).
The EPS is expected to shrink by -202.34% this year.
Reddit Inc. (RDDT) Top Institutional Holders
209.0 institutions hold shares in Reddit Inc. (RDDT), with institutional investors hold 43.63% of the company’s shares. The shares outstanding are 165.88M, and float is at 74.43M with Short Float at 7.50%. Institutions hold 33.56% of the Float.
Reddit Inc. (RDDT) Insider Activity
The most recent transaction is an insider sale by Huffman Steve Ladd, the company’s CEO & President. SEC filings show that Huffman Steve Ladd sold 6,714 shares of the company’s common stock on Aug 30 ’24 at a price of $59.84 per share for a total of $0.4 million. Following the sale, the insider now owns 0.66 million shares.
Reddit Inc. disclosed in a document filed with the SEC on Aug 27 ’24 that Reynolds Michelle Marie (Chief Accounting Officer) sold a total of 8,000 shares of the company’s common stock. The trade occurred on Aug 27 ’24 and was made at $60.00 per share for $0.48 million. Following the transaction, the insider now directly holds 66238.0 shares of the RDDT stock.
Still, SEC filings show that on Aug 27 ’24, MICHELLE REYNOLDS (Officer) Proposed Sale 8,000 shares at an average price of $58.26 for $0.47 million. The insider now directly holds shares of Reddit Inc. (RDDT).
