Reddit Inc (RDDT) concluded trading on Tuesday at a closing price of $177.41, with 2.1 million shares of worth about $372.18 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 179.99% during that period and on December 24, 2024 the price saw a gain of about 5.22%. Currently the company’s common shares owned by public are about 116.91M shares, out of which, 103.58M shares are available for trading.
Stock saw a price change of 5.52% in past 5 days and over the past one month there was a price change of 21.43%. Over the period of past 52 weeks, stock dropped to lowest price of $37.35 but also hit the highest price of $180.74 during that period. The average intraday trading volume for Reddit Inc shares is 6.69 million. The stock is currently trading 11.17% above its 20-day simple moving average (SMA20), while that difference is up 36.08% for SMA50 and it goes to 130.92% higher than SMA200.
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Reddit Inc (NYSE: RDDT) currently have 116.91M outstanding shares and institutions hold larger chunk of about 39.08% of that.
The stock has a current market capitalization of $32.78B. It has posted earnings per share of -$3.30 in the same period. It has Quick Ratio of 11.96 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 7.22% while standing at 7.41% over the month.
Stock’s fiscal year EPS is expected to drop by -169.13% while it is estimated to increase by 118.57% 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 Guggenheim on December 20, 2024 offering a Buy rating for the stock and assigned a target price of $210 to it. Coverage by Wells Fargo stated Reddit Inc (RDDT) stock as an Overweight in their note to investors on December 11, 2024, suggesting a price target of $206 for the stock. On December 09, 2024, Morgan Stanley Upgrade their recommendations, while on October 09, 2024, Jefferies Initiated their ratings for the stock with a price target of $90. Stock get a Buy rating from B. Riley Securities on September 20, 2024.
