Reddit Inc (NYSE: RDDT) is 253.09% higher on its value in year-to-date trading and has touched a low of $37.35 and a high of $180.74 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 $168.61 in the last trading session, with the day’s gains setting it 8.8%.
Currently trading at $177.41, the stock is 11.17% and 36.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.1 million and changing 5.22% at the moment leaves the stock 130.92% off its SMA200. RDDT registered a gain of 179.99% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $128.3086 and a 200-day simple moving average (SMA200) of $76.43623.
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The stock witnessed a 21.43% loss in the last 1 month and extending the period to 3 months gives it a 162.37%, and is 5.52% 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 7.22% over the week and 7.41% over the month.
Reddit Inc (RDDT) has around 2013 employees, a market worth around $32.78B and $1.12B in sales. Fwd P/E is 230.88. Profit margin for the company is -47.83%. Distance from 52-week low is 374.99% and -1.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-26.85%).
The EPS is expected to shrink by -169.13% this year
355.0 institutions hold shares in Reddit Inc (RDDT), with institutional investors hold 82.94% of the company’s shares. The shares outstanding are 116.91M, and float is at 103.58M with Short Float at 15.62%. Institutions hold 64.94% 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 110,408 shares of the company’s common stock on Dec 16 ’24 at a price of $176.24 per share for a total of $19.46 million. Following the sale, the insider now owns 0.0 shares.
Reddit Inc disclosed in a document filed with the SEC on Dec 16 ’24 that Huffman Steve Ladd (CEO & President) sold a total of 14,000 shares of the company’s common stock. The trade occurred on Dec 16 ’24 and was made at $176.20 per share for $2.47 million. Following the transaction, the insider now directly holds 0.62 million shares of the RDDT stock.
Still, SEC filings show that on Dec 16 ’24, Wong Jennifer L. (Chief Operating Officer) disposed off 33,333 shares at an average price of $176.23 for $5.87 million. The insider now directly holds 1,504,297 shares of Reddit Inc (RDDT).
