Reddit Inc (NYSE: RDDT) is 168.85% higher on its value in year-to-date trading and has touched a low of $37.35 and a high of $158.49 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 $141.90 in the last trading session, with the day’s loss setting it -6.29%.
Currently trading at $135.61, the stock is 4.40% and 42.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.66 million and changing -4.43% at the moment leaves the stock 100.45% off its SMA200. RDDT registered a gain of 135.27% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $93.7276 and a 200-day simple moving average (SMA200) of $67.35854.
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The stock witnessed a 70.19% loss in the last 1 month and extending the period to 3 months gives it a 141.56%, and is -1.13% down 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 8.57% over the week and 7.11% over the month.
Reddit Inc (RDDT) has around 2013 employees, a market worth around $23.81B and $1.12B in sales. Fwd P/E is 201.40. Profit margin for the company is -47.83%. Distance from 52-week low is 263.08% and -14.44% from its 52-week high. The company has generated returns on investments over the last 12 months (-26.85%).
with sales reaching $399.29M over the same period.The EPS is expected to shrink by -184.90% this year.
Reddit Inc (RDDT) Top Institutional Holders
345.0 institutions hold shares in Reddit Inc (RDDT), with institutional investors hold 82.40% of the company’s shares. The shares outstanding are 175.58M, and float is at 99.09M with Short Float at 7.82%. Institutions hold 64.48% of the Float.
Reddit Inc (RDDT) Insider Activity
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Reddit Inc disclosed in a document filed with the SEC on Nov 22 ’24 that Slowe Christopher Brian (Chief Technology Officer) sold a total of 21,000 shares of the company’s common stock. The trade occurred on Nov 22 ’24 and was made at $146.01 per share for $3.07 million. Following the transaction, the insider now directly holds 0.3 million shares of the RDDT stock.
Still, SEC filings show that on Nov 22 ’24, Slowe Christopher Brian (Chief Technology Officer) disposed off 5,000 shares at an average price of $146.00 for $0.73 million. The insider now directly holds 25,068 shares of Reddit Inc (RDDT).