In last trading session, Reddit Inc (NYSE:RDDT) saw 7.7 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $131.44 trading at $10.36 or 8.56% at ring of the bell on the day assigns it a market valuation of $23.26B. That closing price of RDDT’s stock is at a premium of 4.95% from its 52-week high price of $124.93 and is indicating a premium of 71.58% 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 11.72 million shares which gives us an average trading volume of 5.52 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 0.23 in the current quarter.
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
Upright in the green during last session for gaining 8.56%, in the last five days RDDT remained trading in the green while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $131.44 price level, adding 1.36% to its value on the day. Reddit Inc’s shares saw a change of 160.59% in year-to-date performance and have moved 10.18% in past 5-day. Reddit Inc (NYSE:RDDT) showed a performance of 85.13% in past 30-days. Number of shares sold short was 7.11 million shares which calculate 1.61 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 84 to the stock, which implies a fall of -56.48% 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 120. It follows that stock’s current price would jump 65.76% in reaching the projected high whereas dropping to the targeted low would mean a gain of 65.76% for stock’s current value.
16 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 399.39M for the same. And 13 analysts are in estimates of company making revenue of 344.26M in the next quarter.
In 2024, company’s earnings growth rate is likely to be around -183.16% 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 18.23% of company’s total shares while institution are holding 33.99 percent of that, with stock having share float percentage of 41.56%. Investors also watch the number of corporate investors in a company very closely, which is 33.99% institutions for Reddit Inc that are currently holding shares of the company.
