On Monday, Reddit Inc (NYSE: RDDT) was -1.23% drop from the session before settling in for the closing price of $170.71. A 52-week range for RDDT has been $37.35 – $180.74.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Communication Services sector was 56.64%. When this article was written, the company’s average yearly earnings per share was at -169.13%. With a float of $103.56 million, this company’s outstanding shares have now reached $116.91 million.
Considering the fact that the conglomerate employs 2013 people, you should pay attention to its efficiency factor. 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Reddit Inc stocks. The insider ownership of Reddit Inc is 41.02%, while institutional ownership is 39.08%. The most recent insider transaction that took place on Dec 16 ’24, was worth 19,457,765. In this transaction CEO & President of this company sold 110,408 shares at a rate of $176.24, taking the stock ownership to the 0 shares. Before that another transaction happened on Dec 16 ’24, when Company’s CEO & President sold 14,000 for $176.20, making the entire transaction worth $2,466,810. This insider now owns 620,971 shares in total.
Reddit Inc (RDDT) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -169.13% per share during the next fiscal year.
Reddit Inc (NYSE: RDDT) Trading Performance Indicators
You can see what Reddit Inc (RDDT) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 11.96. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 26.38. Likewise, its price to free cash flow for the trailing twelve months is 282.94.
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 0.77 in one year’s time.
Technical Analysis of Reddit Inc (RDDT)
Compared to the last year’s volume of 5.19 million, its volume of 6.18 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 52.25%. Additionally, its Average True Range was 11.36.
During the past 100 days, Reddit Inc’s (RDDT) raw stochastic average was set at 90.78%, which indicates a significant increase from 61.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 66.58% in the past 14 days, which was lower than the 81.90% volatility it showed in the past 100 days.
Nevertheless, the first resistance level for the watch stands at $172.83 in the near term. At $177.05, the stock is likely to face the second major resistance level. The third major resistance level sits at $180.28. If the price goes on to break the first support level at $165.38, it is likely to go to the next support level at $162.15. Should the price break the second support level, the third support level stands at $157.94.
Reddit Inc (NYSE: RDDT) Key Stats
There are 175,578K outstanding shares of the company, which has a market capitalization of 29.60 billion. As of now, sales total 804,030 K while income totals -90,820 K. Its latest quarter income was 348,350 K while its last quarter net income were 29,850 K.
