Reddit Inc (NYSE: RDDT) on Friday, soared 6.32% from the previous trading day, before settling in for the closing price of $153.09. Within the past 52 weeks, RDDT’s price has moved between $37.35 and $158.49.
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During the last 5-year period, the sales growth of Communication Services Sector giant was 56.64%. The company achieved an average annual earnings per share of -179.69%. With a float of $99.34 million, this company’s outstanding shares have now reached $116.91 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) Breakdown of a Key Holders of the stock
Observing investor behavior towards Internet Content & Information industry stocks is more important than anything else. The insider ownership of Reddit Inc is 43.42%, while institutional ownership is 39.08%. The most recent insider transaction that took place on Nov 29 ’24, was worth 1,985,092. In this transaction CEO & President of this company sold 14,000 shares at a rate of $141.79, taking the stock ownership to the 634,971 shares. Before that another transaction happened on Nov 25 ’24, when Company’s Chief Financial Officer sold 19,838 for $143.22, making the entire transaction worth $2,841,286. This insider now owns 703,615 shares in total.
Reddit Inc (RDDT) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -179.69% 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 27.07. Likewise, its price to free cash flow for the trailing twelve months is 290.38.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.30, a number that is poised to hit 0.23 in the next quarter and is forecasted to reach 0.71 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 5.64 million, which is a jump from its year-to-date volume of 5.05 million. As of the previous 9 days, the stock’s Stochastic %D was 87.37%. Additionally, its Average True Range was 8.85.
During the past 100 days, Reddit Inc’s (RDDT) raw stochastic average was set at 99.16%, which indicates a significant increase from 97.54% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 83.18% in the past 14 days, which was higher than the 81.10% volatility it showed in the past 100 days.
However, in the short run, Reddit Inc’s stock first resistance to watch stands at $167.88. Second resistance stands at $172.99. The third major resistance level sits at $182.27. If the price goes on to break the first support level at $153.49, it is likely to go to the next support level at $144.21. Now, if the price goes above the second support level, the third support stands at $139.10.
Reddit Inc (NYSE: RDDT) Key Stats
Market capitalization of the company is 30.38 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.
