Reddit Inc (NYSE: RDDT) kicked off on Monday, down -4.13% from the previous trading day, before settling in for the closing price of $134.80. Over the past 52 weeks, RDDT has traded in a range of $37.35-$134.80.
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During the last 5-year period, the sales growth of Communication Services Sector giant was 56.64%. While this was happening, its average annual earnings per share was recorded -183.16%. With a float of $74.32 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
Our next focus will be how large-scale investors are participating in this stock of the Internet Content & Information Industry. The insider ownership of Reddit Inc is 51.17%, while institutional ownership is 21.34%. The most recent insider transaction that took place on Nov 01 ’24, was worth 572,000. In this transaction Director of this company sold 5,000 shares at a rate of $114.40, taking the stock ownership to the 46,459 shares. Before that another transaction happened on Nov 01 ’24, when Company’s CEO & President sold 14,000 for $113.13, making the entire transaction worth $1,583,878. This insider now owns 651,775 shares in total.
Reddit Inc (RDDT) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.09 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
Take a look at Reddit Inc’s (RDDT) current performance indicators. Last quarter, stock had a quick ratio of 11.96. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 20.90. Likewise, its price to free cash flow for the trailing twelve months is 224.17.
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 7.04 million, which is a jump from its year-to-date volume of 4.89 million. As of the previous 9 days, the stock’s Stochastic %D was 89.52%. Additionally, its Average True Range was 7.15.
During the past 100 days, Reddit Inc’s (RDDT) raw stochastic average was set at 89.09%, which indicates a significant increase from 84.28% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 153.79% in the past 14 days, which was higher than the 78.64% volatility it showed in the past 100 days.
However, in the short run, Reddit Inc’s stock first resistance to watch stands at $136.08. Second resistance stands at $142.93. The third major resistance level sits at $146.82. If the price goes on to break the first support level at $125.34, it is likely to go to the next support level at $121.45. Should the price break the second support level, the third support level stands at $114.60.
Reddit Inc (NYSE: RDDT) Key Stats
The company with the Market Capitalisation of 23.46 billion has total of 175,578K Shares Outstanding. Its annual sales at the moment are 804,030 K in contrast with the sum of -90,820 K annual income. Company’s last quarter sales were recorded 348,350 K and last quarter income was 29,850 K.
