Reddit Inc. (NYSE: RDDT) is 32.75% 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 $65.00 in the last trading session, with the day’s gains setting it 1.96%.
Currently trading at $66.96, the stock is 12.01% and 12.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.35 million and changing 3.02% at the moment leaves the stock 17.88% off its SMA200. RDDT registered a loss of 11.97% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $59.4498 and a 200-day simple moving average (SMA200) of $56.933826.
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The stock witnessed a 13.09% gain in the last 1 month and extending the period to 3 months gives it a 9.09%, and is 8.19% 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 4.55% over the week and 5.13% over the month.
Reddit Inc. (RDDT) has around 2013 employees, a market worth around $11.11B and $981.40M in sales. Profit margin for the company is -58.49%. Distance from 52-week low is 79.28% and -14.24% from its 52-week high. The company has generated returns on investments over the last 12 months (-29.95%).
with sales reaching $309.36M over the same period.The EPS is expected to shrink by -199.09% this year.
Reddit Inc. (RDDT) Top Institutional Holders
209.0 institutions hold shares in Reddit Inc. (RDDT), with institutional investors hold 43.37% of the company’s shares. The shares outstanding are 165.88M, and float is at 74.26M with Short Float at 7.52%. Institutions hold 33.40% of the Float.
Reddit Inc. (RDDT) Insider Activity
The most recent transaction is an insider sale by Wong Jennifer L., the company’s Chief Operating Officer. SEC filings show that Wong Jennifer L. sold 50,000 shares of the company’s common stock on Sep 19 ’24 at a price of $65.01 per share for a total of $3.25 million. Following the sale, the insider now owns 1.54 million shares.
Reddit Inc. disclosed in a document filed with the SEC on Sep 19 ’24 that Vollero Andrew (Chief Financial Officer) sold a total of 68,875 shares of the company’s common stock. The trade occurred on Sep 19 ’24 and was made at $64.43 per share for $4.44 million. Following the transaction, the insider now directly holds 0.77 million shares of the RDDT stock.
Still, SEC filings show that on Sep 18 ’24, Vollero Andrew (Chief Financial Officer) disposed off 11,287 shares at an average price of $64.00 for $0.72 million. The insider now directly holds 840,379 shares of Reddit Inc. (RDDT).
