During the last session, Reddit Inc. (NYSE:RDDT)’s traded shares were 4.02 million. At the end of the trading day, the stock’s price was $56.14, reflecting an intraday loss of -4.85% or -$2.86. The 52-week high for the RDDT share is $78.08, that puts it down -39.08 from that peak though still a striking 33.47% gain since the share price plummeted to a 52-week low of $37.35. The company’s market capitalization is $9.31B, and the average intraday trading volume over the past 10 days was 4.01 million shares, and the average trade volume was 3.37 million shares over the past three months.
Reddit Inc. (RDDT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.00. RDDT has a Sell rating from 0 analyst(s) out of 12 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.09.
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Reddit Inc. (NYSE:RDDT) trade information
Reddit Inc. (RDDT) registered a -4.85% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.85% in intraday trading to $56.14, hitting a weekly high. The stock’s 5-day price performance is -1.32%, and it has moved by -3.94% in 30 days. The short interest in Reddit Inc. (NYSE:RDDT) is 7.11 million shares and it means that shorts have 1.82 day(s) to cover.
The consensus price target of analysts on Wall Street is $67, which implies an increase of 16.21% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $45 and $84 respectively. As a result, RDDT is trading at a discount of -49.63% off the target high and 19.84% off the low.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 309.34M as predicted by 13 analyst(s). Meanwhile, a consensus of 13 analyst(s) estimates revenue growth to 352.46M by the end of current fiscal year.
While earnings are projected to return -202.36% in 2024, the next five years will return 30.20% per annum.
RDDT Dividends
Reddit Inc. is due to release its next quarterly earnings on 2024-Aug-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Reddit Inc. (NYSE:RDDT)’s Major holders
Reddit Inc. insiders own 22.82% of total outstanding shares while institutional holders control 33.44%, with the float percentage being 43.33%.
Also, the Mutual Funds coming in first place with the largest holdings of Reddit Inc. (RDDT) shares are Fidelity Contrafund Inc and Vanguard Total Stock Market Index Fund . Data provided on Jun 30, 2024 indicates that Fidelity Contrafund Inc owns about 725.15 shares. This amounts to just over 0.76 percent of the company’s overall shares, with a $40.71 million market value. The same data shows that the other fund manager holds slightly less at 695.52, or about 0.73% of the stock, which is worth about $39.05 million.
