Reddit Inc. (NYSE: RDDT) started the day on Wednesday, with a price increase of 0.77% at $43.15, before settling in for the price of $42.82 at the close. Taking a more long-term approach, RDDT posted a 52-week range of $37.35-$74.90.
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In the past 5-years timespan, the Communication Services sector firm’s annual sales growth was 56.64%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -326.15%. This publicly-traded company’s shares outstanding now amounts to $36.88 million, simultaneously with a float of $26.93 million. The organization now has a market capitalization sitting at $7.00 billion.
Reddit Inc. (RDDT) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Internet Content & Information Industry. Reddit Inc.’s current insider ownership accounts for 83.40%, in contrast to 0.06% institutional ownership. According to the most recent insider trade that took place on Mar 25 ’24, this organization’s Director bought 10,000 shares at the rate of 34.00, making the entire transaction reach 340,000 in total value, affecting insider ownership by 10,000. Preceding that transaction, on Mar 25 ’24, Company’s Director bought 3,000 for 34.00, making the whole transaction’s value amount to 102,000. This particular insider is now the holder of 24,906 in total.
Reddit Inc. (RDDT) Earnings and Revenue Records
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.51 per share during the current fiscal year.
Reddit Inc.’s EPS decrease for this current 12-month fiscal period is -326.15% and is forecasted to reach -1.06 in the upcoming year.
Reddit Inc. (NYSE: RDDT) Trading Performance Indicators
Let’s observe the current performance indicators for Reddit Inc. (RDDT). It’s Quick Ratio in the last reported quarter now stands at 11.08. The Stock has managed to achieve an average true range (ATR) of 4.91. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 8.71.
In the same vein, RDDT’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.57, a figure that is expected to reach -8.75 in the next quarter, and analysts are predicting that it will be -1.06 at the market close of one year from today.
Technical Analysis of Reddit Inc. (RDDT)
If we take a close look at the recent performances of Reddit Inc. (NYSE: RDDT), its last 5-days Average volume was 1.93 million that shows plunge from its year to date volume of 7.59 million. During the previous 9 days, stock’s Stochastic %D was recorded 66.44% While, its Average True Range was 3.88.
