Reddit Inc (NYSE: RDDT) started the day on Thursday, with a price increase of 8.56% at $131.44, before settling in for the price of $121.08 at the close. Taking a more long-term approach, RDDT posted a 52-week range of $37.35-$124.93.
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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 $152.20 million, simultaneously with a float of $74.35 million. The organization now has a market capitalization sitting at $23.26 billion. At the time of writing, stock’s 50-day Moving Average stood at $75.15.
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 51.15%, in contrast to 20.88% institutional ownership. According to the most recent insider trade that took place on Nov 01 ’24, this organization’s Director sold 5,000 shares at the rate of 114.40, making the entire transaction reach 572,000 in total value, affecting insider ownership by 46,459. Preceding that transaction, on Nov 01 ’24, Company’s CEO & President sold 14,000 for 113.13, making the whole transaction’s value amount to 1,583,878. This particular insider is now the holder of 651,775 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 11.96. The Stock has managed to achieve an average true range (ATR) of 6.91. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 20.73. Similarly, its price to free cash flow for trailing twelve months is now 222.32.
In the same vein, RDDT’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -3.30, 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)
If we take a close look at the recent performances of Reddit Inc (NYSE: RDDT), its last 5-days Average volume was 8.97 million that shows progress from its year to date volume of 4.89 million. During the previous 9 days, stock’s Stochastic %D was recorded 95.35% While, its Average True Range was 8.18.
Raw Stochastic average of Reddit Inc (RDDT) in the period of the previous 100 days is set at 97.85%, which indicates a major rise in contrast to 96.81% 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 154.42% that was higher than 78.70% volatility it exhibited in the past 100-days period.
