Currently, there are 116.91M common shares owned by the public and among those 103.56M shares have been available to trade.
The company’s stock has a 5-day price change of 6.54% and 187.77% over the past three months. It has a 12-month low price of $37.35 and touched a high of $180.74 over the same period. RDDT has an average intraday trading volume of 6.51 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 17.53%, 49.96%, and 141.04% respectively.
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 $33.02B. 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 8.36% over the week and 7.46% over the month.
Earnings per share for the fiscal year are expected to decrease by -174.85%, and 117.31% over the next financial year.
Looking at the support for the RDDT, a number of firms have released research notes about the stock. Wells Fargo stated their Overweight rating for the stock in a research note on December 11, 2024, with the firm’s price target at $206. Morgan Stanley coverage for the Reddit Inc (RDDT) stock in a research note released on December 09, 2024 offered a Overweight rating with a price target of $200. Jefferies was of a view on October 09, 2024 that the stock is Buy, while B. Riley Securities gave the stock Buy rating on September 20, 2024, issuing a price target of $75. Loop Capital on their part issued Buy rating on August 01, 2024.
