Reddit Inc. (RDDT) concluded trading on Wednesday at a closing price of $59.87, with 3.42 million shares of worth about $204.61 million changed hands on the day. On September 11, 2024 the price saw a gain of about 5.28%. Currently the company’s common shares owned by public are about 165.88M shares, out of which, 74.43M shares are available for trading.
Stock saw a price change of 5.04% in past 5 days and over the past one month there was a price change of 14.02%. Over the period of past 52 weeks, stock dropped to lowest price of $37.35 but also hit the highest price of $78.08 during that period. The average intraday trading volume for Reddit Inc. shares is 3.55 million. The stock is currently trading 5.18% above its 20-day simple moving average (SMA20), while that difference is down -2.27% for SMA50 and it goes to 6.15% higher than SMA200.
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Reddit Inc. (NYSE: RDDT) currently have 165.88M outstanding shares and institutions hold larger chunk of about 18.09% of that.
The stock has a current market capitalization of $9.93B. It has posted earnings per share of -$3.51 in the same period. It has Quick Ratio of 12.42 while making debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RDDT, volatility over the week remained 6.31% while standing at 5.04% over the month.
Stock’s fiscal year EPS is expected to drop by -202.34% while it is estimated to increase by 99.36% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Loop Capital on August 01, 2024 offering a Buy rating for the stock and assigned a target price of $75 to it. Coverage by ROTH MKM stated Reddit Inc. (RDDT) stock as a Buy in their note to investors on July 26, 2024, suggesting a price target of $67 for the stock. On July 16, 2024, Loop Capital Downgrade their recommendations, while on May 08, 2024, Needham Reiterated their ratings for the stock with a price target of $63. Stock get a Buy rating from Deutsche Bank on April 16, 2024.
