Reddit Inc (NYSE:RDDT) has seen 6.88 million shares traded in the last trading session. The company, currently valued at $29.64B, closed the last trade at $168.79 per share which meant it lost -$9.31 on the day or -5.23% during that session. The RDDT stock price is -7.08% off its 52-week high price of $180.74 and 77.87% above the 52-week low of $37.35. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.64 million shares traded. The 3-month trading volume is 6.61 million shares.
The consensus among analysts is that Reddit Inc (RDDT) is Buy stock at the moment, with a recommendation rating of 1.85. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 5 out of 12 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight.
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
Sporting -5.23% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the RDDT stock price touched $168.79 or saw a rise of 6.41%. Year-to-date, Reddit Inc shares have moved 234.64%, while the 5-day performance has seen it change 8.25%. Over the past 30 days, the shares of Reddit Inc (NYSE:RDDT) have changed 35.27%. Short interest in the company has seen 14.22 million shares shorted with days to cover at 1.55.
Wall Street analysts have a consensus price target for the stock at $99, which means that the shares’ value could drop -70.49% from current levels. The projected low price target is $50.0 while the price target rests at a high of $200.0. In that case, then, we find that the current price level is -18.49% off the targeted high while a plunge would see the stock lose 70.38% from current levels.
Reddit Inc (RDDT) estimates and forecasts
The company’s shares have gained 180.34% over the past 6 months, compared to 25.70% for the industry.
Earnings growth for 2024 is a modest -174.85% while over the next 5 years, the company’s earnings are expected to increase by 30.20%.
RDDT Dividends
Reddit Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Reddit Inc (NYSE:RDDT)’s Major holders
Insiders own 21.71% of the company shares, while shares held by institutions stand at 64.81% with a share float percentage of 82.79%. Investors are also buoyed by the number of investors in a company, with Reddit Inc having a total of 351.0 institutions that hold shares in the company.
Also the top two Mutual Funds that are holding company’s shares are Fidelity OTC Portfolio and Fidelity Contrafund Inc . As of Oct 31, 2024 , the former fund manager holds about 2.25% shares in the company for having 2.69 shares of worth $453.9 million while later fund manager owns 2.06 shares of worth $347.95 million as of Oct 31, 2024 , which makes it owner of about 1.72% of company’s outstanding stock.
