Currently, there are 116.91M common shares owned by the public and among those 99.32M shares have been available to trade.
The company’s stock has a 5-day price change of 5.59% and 162.86% over the past three months. It has a 12-month low price of $37.35 and touched a high of $158.49 over the same period. RDDT has an average intraday trading volume of 5.94 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 10.46%, 47.68%, and 116.06% respectively.
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Institutional ownership of Reddit Inc (NYSE: RDDT) shares accounts for 39.08% of the company’s 116.91M shares outstanding.
It has a market capitalization of $26.31B. The earnings-per-share (ttm) stands at -$3.30. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.87% over the week and 6.60% over the month.
Earnings per share for the fiscal year are expected to decrease by -185.13%, and 115.72% over the next financial year.
Looking at the support for the RDDT, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on October 09, 2024, with the firm’s price target at $90. B. Riley Securities coverage for the Reddit Inc (RDDT) stock in a research note released on September 20, 2024 offered a Buy rating with a price target of $75. Loop Capital was of a view on August 01, 2024 that the stock is Buy, while ROTH MKM gave the stock Buy rating on July 26, 2024, issuing a price target of $61- $67. Loop Capital on their part issued Hold rating on July 16, 2024.
