Reddit Inc (NYSE: RDDT) is 16.04% higher on its value in year-to-date trading and has touched a low of $37.35 and a high of $230.41 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 $187.13 in the last trading session, with the day’s gains setting it 2.53%.
Currently trading at $189.66, the stock is -6.06% and 3.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.42 million and changing 1.35% at the moment leaves the stock 87.07% off its SMA200. RDDT registered a gain of 245.34% in past 6-months.
The stock witnessed a 8.17% loss in the last 1 month and extending the period to 3 months gives it a 43.81%, and is -11.27% 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 6.14% over the week and 5.98% over the month.
Reddit Inc (RDDT) has around 2233 employees, a market worth around $34.30B and $1.30B in sales. Fwd P/E is 85.68. Profit margin for the company is -37.25%. Distance from 52-week low is 407.79% and -17.69% from its 52-week high. The company has generated returns on investments over the last 12 months (-22.51%).
with sales reaching $369.57M over the same period.The EPS is expected to grow by 133.33% this year, but quarterly earnings will post 39.33% year-over-year. Quarterly sales are estimated to grow 52.11% in year-over-year returns.
The shares outstanding are 125.00M, and float is at 104.02M with Short Float at 15.99%.
The top institutional shareholder in the company is FMR LLC with over 3.02 million shares valued at $192.85 million. The investor’s holdings represent 1.8362 of the RDDT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.44 million shares valued at $156.21 million to account for 1.4873 of the shares outstanding. The other top investors are INCLUSIVE CAPITAL PARTNERS, L.P. which holds 2.09 million shares representing 1.2711 and valued at over $133.49 million, while BANK OF NEW YORK MELLON CORP holds 1.012 of the shares totaling 1.66 million with a market value of $106.29 million.
Reddit Inc (RDDT) Insider Activity
Still, SEC filings show that on Jan 31 ’25, Huffman Steve Ladd (CEO & President) disposed off 14,000 shares at an average price of $201.96 for $2.83 million. The insider now directly holds 614,394 shares of Reddit Inc (RDDT).
