In last trading session, Reddit Inc. (NYSE:RDDT) saw 5.42 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $80.90 trading at $4.61 or 6.04% at ring of the bell on the day assigns it a market valuation of $13.42B. That closing price of RDDT’s stock is at a premium of 2.67% from its 52-week high price of $78.74 and is indicating a premium of 53.83% from its 52-week low price of $37.35. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.55 million shares which gives us an average trading volume of 4.07 million if we extend that period to 3-months.
For Reddit Inc. (RDDT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.84. Splitting up the data highlights that, out of 12 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.08 in the current quarter.
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Reddit Inc. (NYSE:RDDT) trade information
Upright in the green during last session for gaining 6.04%, in the last five days RDDT remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $80.90 price level, adding 0.57% to its value on the day. Reddit Inc.’s shares saw a change of 60.39% in year-to-date performance and have moved 10.44% in past 5-day. Reddit Inc. (NYSE:RDDT) showed a performance of 25.31% in past 30-days. Number of shares sold short was 7.11 million shares which calculate 1.37 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 68.5 to the stock, which implies a fall of -18.1% to its current value. Analysts have been projecting 45 as a low price target for the stock while placing it at a high target of 84. It follows that stock’s current price would jump 44.38% in reaching the projected high whereas dropping to the targeted low would mean a gain of 44.38% for stock’s current value.
Reddit Inc. (RDDT) estimates and forecasts
14 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 309.15M for the same. And 14 analysts are in estimates of company making revenue of 352.32M in the next quarter.
In 2024, company’s earnings growth rate is likely to be around -214.24% while estimates for its earnings growth in next 5 years are of 30.20%.
Reddit Inc. (NYSE:RDDT)’s Major holders
Insiders are in possession of 23.00% of company’s total shares while institution are holding 40.94 percent of that, with stock having share float percentage of 53.16%. Investors also watch the number of corporate investors in a company very closely, which is 40.94% institutions for Reddit Inc. that are currently holding shares of the company.
