Reddit Inc (NYSE:RDDT)’s traded shares stood at 0.6 million during the last session. At the last check today, the stock’s price was $129.41, to imply a decrease of -1.87% or -$2.47 in intraday trading. The RDDT share’s 52-week high remains $139.04, putting it -7.44% down since that peak but still an impressive 71.14% since price per share fell to its 52-week low of $37.35. The company has a valuation of $22.72B, with an average of 6.74 million shares in intraday trading volume over the past 10 days and average of 5.39 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 1.78. 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 0.23.
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Reddit Inc (NYSE:RDDT) trade information
After registering a -1.87% downside in the latest session, Reddit Inc (RDDT) has traded red over the past five days. The 5-day price performance for the stock is -4.00%, and 69.63% over 30 days. With these gigs, the year-to-date price performance is 156.56%. Short interest in Reddit Inc (NYSE:RDDT) saw shorts transact 7.75 million shares and set a 1.61 days time to cover.
The extremes give us $45 and $120 for target low and target high price respectively. As such, RDDT has been trading 7.27% off suggested target high and 65.23% from its likely low.
Revenue forecast for the current quarter as set by 15 analysts is 399.1M. Meanwhile, for the current quarter, a total of 12 analyst(s) estimate revenue growth to 343.71M.
RDDT Dividends
Reddit Inc has its next earnings report out on 2024-Oct-29. 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 18.23% of total outstanding shares, with institutional holders owning 63.37% of the shares at 77.49% float percentage. In total, 63.37% institutions holds shares in the company.
