Reddit Inc. (NYSE:RDDT)’s traded shares stood at 3.42 million during the last session. At the close of trading, the stock’s price was $59.87, to imply an increase of 5.28% or $3.0 in intraday trading. The RDDT share’s 52-week high remains $78.08, putting it -30.42% down since that peak but still an impressive 37.61% since price per share fell to its 52-week low of $37.35. The company has a valuation of $9.93B, with an average of 3.54 million shares in intraday trading volume over the past 10 days and average of 3.55 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Reddit Inc. (RDDT), translating to a mean rating of 2.00. Of 12 analyst(s) looking at the stock, 0 analyst(s) give RDDT a Sell rating. 1 of those analysts rate the stock as Overweight while 5 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.09.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Reddit Inc. (NYSE:RDDT) trade information
After registering a 5.28% upside in the last session, Reddit Inc. (RDDT) has traded red over the past five days. The 5-day price performance for the stock is 5.04%, and 14.02% over 30 days. With these gigs, the year-to-date price performance is 18.70%. Short interest in Reddit Inc. (NYSE:RDDT) saw shorts transact 7.11 million shares and set a 1.82 days time to cover.
The extremes give us $45 and $84 for target low and target high price respectively. As such, RDDT has been trading -40.3% off suggested target high and 24.84% from its likely low.
Revenue forecast for the current quarter as set by 13 analysts is 309.34M. Meanwhile, for the current quarter, a total of 13 analyst(s) estimate revenue growth to 352.46M.
RDDT Dividends
Reddit Inc. has its next earnings report out in October. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Reddit Inc. (NYSE:RDDT)’s Major holders
Reddit Inc. insiders hold 23.08% of total outstanding shares, with institutional holders owning 33.56% of the shares at 43.63% float percentage. In total, 33.56% institutions holds shares in the company.
