Reddit Inc (RDDT) concluded trading on Wednesday at a closing price of $183.74, with 4.99 million shares of worth about $916.85 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 169.69% during that period and on January 22, 2025 the price saw a loss of about -2.43%. Currently the company’s common shares owned by public are about 116.91M shares, out of which, 103.70M shares are available for trading.
Stock saw a price change of 11.48% in past 5 days and over the past one month there was a price change of 14.37%. Over the period of past 52 weeks, stock dropped to lowest price of $37.35 but also hit the highest price of $191.00 during that period. The average intraday trading volume for Reddit Inc shares is 6.88 million. The stock is currently trading 6.42% above its 20-day simple moving average (SMA20), while that difference is up 16.46% for SMA50 and it goes to 113.08% higher than SMA200.
Reddit Inc (NYSE: RDDT) currently have 116.91M outstanding shares and institutions hold larger chunk of about 39.21% of that.
The stock has a current market capitalization of $32.26B. 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 5.57% while standing at 5.98% over the month.
Analysts are in expectations that Reddit Inc (RDDT) stock would likely to be making an EPS of 0.24 in the current quarter, while forecast for next quarter EPS is -0.05 and it is 0.84 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.15 which is 0.33 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -151.03% while it is estimated to increase by 121.38% 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 ROTH MKM on Jan-23-25 offering a Neutral rating for the stock and assigned a target price range of between $116 and $195 to it. Coverage by Guggenheim stated Reddit Inc (RDDT) stock as a Buy in their note to investors on December 20, 2024, suggesting a price target of $210 for the stock. On December 11, 2024, Wells Fargo Initiated their recommendations, while on December 09, 2024, Morgan Stanley Upgrade their ratings for the stock with a price target of $200. Stock get a Buy rating from Jefferies on October 09, 2024.
