Witnessing the stock’s movement on the chart, on Wednesday, Reddit Inc (NYSE: RDDT) set off with pace as it heaved 3.27% to $140.04, before settling in for the price of $135.61 at the close. Taking a more long-term approach, RDDT posted a 52-week range of $37.35-$158.49.
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It was noted that the giant of the Communication Services sector posted annual sales growth of 56.64% over the last 5 years. Nevertheless, stock’s Earnings Per Share (EPS) this year is -184.90%. This publicly-traded company’s shares outstanding now amounts to $175.58 million, simultaneously with a float of $99.26 million. The organization now has a market capitalization sitting at $25.39 billion. At the time of writing, stock’s 50-day Moving Average stood at $96.73.
Reddit Inc (RDDT) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Internet Content & Information industry. Reddit Inc’s current insider ownership accounts for 43.47%, in contrast to 39.11% institutional ownership. According to the most recent insider trade that took place on Nov 25 ’24, this organization’s Chief Financial Officer sold 19,838 shares at the rate of 143.22, making the entire transaction reach 2,841,286 in total value, affecting insider ownership by 703,615.
Reddit Inc (RDDT) Earnings and Revenue Records
Reddit Inc’s EPS decrease for this current 12-month fiscal period is -184.90% and is forecasted to reach 0.67 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 9.08. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 22.63. Similarly, its price to free cash flow for trailing twelve months is now 242.68.
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 0.22 in the next quarter, and analysts are predicting that it will be 0.67 at the market close of one year from today.
Technical Analysis of Reddit Inc (RDDT)
Going through the that latest performance of [Reddit Inc, RDDT]. Its last 5-days volume of 10.51 million indicated improvement to the volume of 5.05 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 45.38% While, its Average True Range was 10.10.
Raw Stochastic average of Reddit Inc (RDDT) in the period of the previous 100 days is set at 83.13%, which indicates a major rise in contrast to 47.81% 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 87.77% that was higher than 82.04% volatility it exhibited in the past 100-days period.
