On Monday, Reddit Inc (NYSE: RDDT) opened lower -3.50% from the last session, before settling in for the closing price of $112.98. Price fluctuations for RDDT have ranged from $37.35 to $123.60 over the past 52 weeks.
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During the last 5-year period, the sales growth of Communication Services Sector giant was 56.64%. Company’s average yearly earnings per share was noted -183.16% at the time writing. With a float of $74.35 million, this company’s outstanding shares have now reached $152.20 million.
Let’s determine the extent of company efficiency that accounts for 2013 employees. In terms of profitability, gross margin is 88.91%, operating margin of -54.39%, and the pretax margin is -47.74%.
Reddit Inc (RDDT) Insider Activity
A key investor’s attitude towards the stock of the Internet Content & Information industry is another important factor to consider. The insider ownership of Reddit Inc is 51.15%, while institutional ownership is 20.27%. The most recent insider transaction that took place on Nov 01 ’24, was worth 572,006. Before that another transaction happened on Nov 01 ’24, when Company’s Director proposed sale 31,697 for $111.36, making the entire transaction worth $3,529,702.
Reddit Inc (RDDT) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.17 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -183.16% per share during the next fiscal year.
Reddit Inc (NYSE: RDDT) Trading Performance Indicators
Check out the current performance indicators for Reddit Inc (RDDT). In the past quarter, the stock posted a quick ratio of 11.96. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 14.00. Likewise, its price to free cash flow for the trailing twelve months is 150.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.30, a number that is poised to hit 0.21 in the next quarter and is forecasted to reach 0.59 in one year’s time.
Technical Analysis of Reddit Inc (RDDT)
Looking closely at Reddit Inc (NYSE: RDDT), its last 5-days average volume was 17.45 million, which is a jump from its year-to-date volume of 4.82 million. As of the previous 9 days, the stock’s Stochastic %D was 79.09%. Additionally, its Average True Range was 5.85.
During the past 100 days, Reddit Inc’s (RDDT) raw stochastic average was set at 80.44%, which indicates a significant increase from 70.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 149.58% in the past 14 days, which was higher than the 76.49% volatility it showed in the past 100 days.
However, in the short run, Reddit Inc’s stock first resistance to watch stands at $111.78. Second resistance stands at $114.53. The third major resistance level sits at $116.07. If the price goes on to break the first support level at $107.48, it is likely to go to the next support level at $105.94. Should the price break the second support level, the third support level stands at $103.19.
Reddit Inc (NYSE: RDDT) Key Stats
There are currently 165,876K shares outstanding in the company with a market cap of 15.71 billion. Presently, the company’s annual sales total 804,030 K according to its annual income of -90,820 K. Last quarter, the company’s sales amounted to 281,180 K and its income totaled -10,100 K.
