Reddit Inc (NYSE: RDDT) on Monday, soared 3.72% from the previous trading day, before settling in for the closing price of $124.78. Within the past 52 weeks, RDDT’s price has moved between $37.35 and $139.04.
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Communication Services Sector giant saw their annual sales surged by 56.64% over the last five years. The company achieved an average annual earnings per share of -184.80%. With a float of $97.10 million, this company’s outstanding shares have now reached $175.58 million.
The firm has a total of 2013 workers. Let’s measure their productivity. 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
Observing investor behavior towards Internet Content & Information industry stocks is more important than anything else. The insider ownership of Reddit Inc is 44.70%, while institutional ownership is 39.08%. The most recent insider transaction that took place on Nov 18 ’24, was worth 48,141,618. In this transaction 10% Owner of this company sold 375,984 shares at a rate of $128.04, taking the stock ownership to the 8,356,011 shares. Before that another transaction happened on Nov 14 ’24, when Company’s 10% Owner sold 265,290 for $132.17, making the entire transaction worth $35,064,181. This insider now owns 8,973,304 shares in total.
Reddit Inc (RDDT) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -184.80% per share during the next fiscal year.
Reddit Inc (NYSE: RDDT) Trading Performance Indicators
Reddit Inc (RDDT) is currently performing well based on its current performance indicators. A quick ratio of 11.96 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 19.16. Likewise, its price to free cash flow for the trailing twelve months is 205.49.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.30, a number that is poised to hit 0.22 in the next quarter and is forecasted to reach 0.68 in one year’s time.
Technical Analysis of Reddit Inc (RDDT)
Analysing the last 5-days average volume posted by the [Reddit Inc, RDDT], we can find that recorded value of 4.28 million was lower than the volume posted last year of 4.87 million. As of the previous 9 days, the stock’s Stochastic %D was 60.96%. Additionally, its Average True Range was 6.85.
During the past 100 days, Reddit Inc’s (RDDT) raw stochastic average was set at 89.30%, which indicates a significant increase from 72.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 158.16% in the past 14 days, which was higher than the 78.45% volatility it showed in the past 100 days.
Now, the first resistance to watch is $131.48. This is followed by the second major resistance level at $133.54. The third major resistance level sits at $136.95. If the price goes on to break the first support level at $126.01, it is likely to go to the next support level at $122.60. Should the price break the second support level, the third support level stands at $120.54.
Reddit Inc (NYSE: RDDT) Key Stats
Market capitalization of the company is 21.50 billion based on 175,578K outstanding shares. Right now, sales total 804,030 K and income totals -90,820 K. The company made 348,350 K in profit during its latest quarter, and 29,850 K in sales during its previous quarter.
