During the last session, Reddit Inc (NYSE:RDDT)’s traded shares were 4.05 million. At the end of the trading day, the stock’s price was $165.91, reflecting an intraday gain of 1.51% or $2.47. The 52-week high for the RDDT share is $182.20, that puts it down -9.82 from that peak though still a striking 77.49% gain since the share price plummeted to a 52-week low of $37.35. The company’s market capitalization is $29.13B, and the average intraday trading volume over the past 10 days was 4.9 million shares, and the average trade volume was 6.65 million shares over the past three months.
Reddit Inc (RDDT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.82. RDDT has a Sell rating from 0 analyst(s) out of 12 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 6 recommend a Buy rating for it.
Reddit Inc (NYSE:RDDT) trade information
Reddit Inc (RDDT) registered a 1.51% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.51% in intraday trading to $165.91, hitting a weekly high. The stock’s 5-day price performance is -6.48%, and it has moved by 17.13% in 30 days. The short interest in Reddit Inc (NYSE:RDDT) is 16.18 million shares and it means that shorts have 2.31 day(s) to cover.
The consensus price target of analysts on Wall Street is $99, which implies a decrease of -67.59% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $50 and $200 respectively. As a result, RDDT is trading at a discount of -20.55% off the target high and 69.86% off the low.
While earnings are projected to return -169.13% in 2025, the next five years will return 30.20% per annum.
RDDT Dividends
Reddit Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Reddit Inc (NYSE:RDDT)’s Major holders
Reddit Inc insiders own 21.70% of total outstanding shares while institutional holders control 65.94%, with the float percentage being 84.21%.
