Reddit Inc (NYSE:RDDT) has a beta value of 2.02 and has seen 2.16 million shares traded in the recent trading session. The company, currently valued at $25.62B, closed the recent trade at $8540000.0 per share which meant it gained $8539860.85 on the day or 2163277% during that session. The RDDT stock price is 100.0% off its 52-week high price of $230.41 and 100.0% above the 52-week low of $49.13. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.83 million shares traded. The 3-month trading volume is 8.54 million shares.
The consensus among analysts is that Reddit Inc (RDDT) is Buy stock at the moment, with a recommendation rating of 1.90. 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.
Reddit Inc (NYSE:RDDT) trade information
Over the past 30 days, the shares of Reddit Inc (NYSE:RDDT) have changed 44.83%. Short interest in the company has seen 19.51 million shares shorted with days to cover at 1.87.
Wall Street analysts have a consensus price target for the stock at $150, which means that the shares’ value could drop -5693233.33% from the levels at last check today.. The projected low price target is $75.0 while the price target rests at a high of $210.0. In that case, then, we find that the latest price level in today’s session is 100.0% off the targeted high while a plunge would see the stock lose 100.0% from the levels at last check today..
Reddit Inc (RDDT) estimates and forecasts
The company’s shares have lost -17.76% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -65.02% over the past 5 years.
RDDT Dividends
Reddit Inc is expected to release its next earnings report on 2025-May-01 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 6.90% of the company shares, while shares held by institutions stand at 85.06% with a share float percentage of 91.36%. Investors are also buoyed by the number of investors in a company, with Reddit Inc having a total of 736.0 institutions that hold shares in the company. The top two institutional holders are FMR LLC with over 3.02 million shares worth more than $192.85 million. As of 2024-06-30, FMR LLC held 1.8362% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 2.44 million shares as of 2024-06-30. The firm’s total holdings are worth over $156.21 million and represent 1.4873% of shares outstanding.
