Reddit Inc (NYSE: RDDT) established initial surge of 2.80% at $119.30, before settling in for the price of $116.05 at the close. Taking a more long-term approach, RDDT posted a 52-week range of $37.35-$118.25.
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The Communication Services Sector giants’ yearly sales growth during the last 5-year period was 56.64%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -183.16%. This publicly-traded company’s shares outstanding now amounts to $165.88 million, simultaneously with a float of $74.35 million. The organization now has a market capitalization sitting at $19.79 billion. At the time of writing, stock’s 50-day Moving Average stood at $68.99.
Reddit Inc (RDDT) Ownership Facts and Figures
Sometimes it is also beneficial to study the sentiment of large-scale investors towards the stock of the Reddit Inc industry. Reddit Inc’s current insider ownership accounts for 55.17%, in contrast to 18.25% institutional ownership. According to the most recent insider trade that took place on Oct 22 ’24, this organization’s Chief Technology Officer sold 11,000 shares at the rate of 77.46, making the entire transaction reach 852,005 in total value, affecting insider ownership by 339,295. Preceding that transaction, on Oct 22 ’24, Company’s Chief Technology Officer sold 5,000 for 77.48, making the whole transaction’s value amount to 387,406. This particular insider is now the holder of 30,068 in total.
Reddit Inc (RDDT) Earnings and Revenue Records
Reddit Inc’s EPS decrease for this current 12-month fiscal period is -183.16% and is forecasted to reach 0.59 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 12.42. The Stock has managed to achieve an average true range (ATR) of 5.75. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 17.63. Similarly, its price to free cash flow for trailing twelve months is now 189.13.
In the same vein, RDDT’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -3.31, a figure that is expected to reach 0.21 in the next quarter, and analysts are predicting that it will be 0.59 at the market close of one year from today.
Technical Analysis of Reddit Inc (RDDT)
Now, what If we examine the latest scores posted by [Reddit Inc, RDDT]. During the last 5-days, its volume was better the volume of 4.75 million it reported in year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 89.35% While, its Average True Range was 7.06.
Raw Stochastic average of Reddit Inc (RDDT) in the period of the previous 100 days is set at 94.23%, which indicates a major rise in contrast to 91.53% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 142.18% that was higher than 76.35% volatility it exhibited in the past 100-days period.
