Reddit Inc (NYSE: RDDT) on Monday, plunged -3.25% from the previous trading day, before settling in for the closing price of $146.67. Within the past 52 weeks, RDDT’s price has moved between $37.35 and $158.49.
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A company in the Communication Services sector has jumped its sales by 56.64% annually for the last half of the decade. The company achieved an average annual earnings per share of -184.90%. With a float of $99.09 million, this company’s outstanding shares have now reached $175.58 million.
In an organization with 2013 employees, it is important to assess its efficiency. 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 Updates
Observing investor behavior towards Internet Content & Information industry stocks is more important than anything else. The insider ownership of Reddit Inc is 43.57%, while institutional ownership is 39.08%. The most recent insider transaction that took place on Nov 25 ’24, was worth 2,909,639. Before that another transaction happened on Nov 22 ’24, when Company’s Chief Technology Officer sold 21,000 for $146.01, making the entire transaction worth $3,066,170. This insider now owns 297,925 shares in total.
Reddit Inc (RDDT) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -184.90% 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 22.20. Likewise, its price to free cash flow for the trailing twelve months is 238.12.
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 0.67 in one year’s time.
Technical Analysis of Reddit Inc (RDDT)
Let’s dig in a bit further. During the last 5-days, its volume was 10.34 million. That was better than the volume of 5.03 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 72.77%. Additionally, its Average True Range was 9.02.
During the past 100 days, Reddit Inc’s (RDDT) raw stochastic average was set at 84.83%, which indicates a significant increase from 59.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 90.16% in the past 14 days, which was higher than the 81.76% volatility it showed in the past 100 days.
However, in the short run, Reddit Inc’s stock first resistance to watch stands at $149.62. Second resistance stands at $157.34. The third major resistance level sits at $162.54. If the price goes on to break the first support level at $136.70, it is likely to go to the next support level at $131.50. Assuming the price breaks the second support level, the third support level stands at $123.78.
Reddit Inc (NYSE: RDDT) Key Stats
Market capitalization of the company is 24.91 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.
