On Monday, Reddit Inc (NYSE: RDDT) opened lower -2.61% from the last session, before settling in for the closing price of $107.71. Price fluctuations for RDDT have ranged from $37.35 to $230.41 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Communication Services sector has jumped its sales by 57.91% annually for the last half of the decade. Company’s average yearly earnings per share was noted 134.35% at the time writing. With a float of $110.30 million, this company’s outstanding shares have now reached $125.00 million.
In an organization with 2233 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 90.49%, operating margin of -43.11%, and the pretax margin is -37.32%.
Reddit Inc (RDDT) Insider Updates
A key investor’s attitude towards the stock of the Internet Content & Information industry is another important factor to consider. The insider ownership of Reddit Inc is 39.14%, while institutional ownership is 52.96%. The most recent insider transaction that took place on Mar 24 ’25, was worth 12,407,769. In this transaction Chief Financial Officer of this company sold 100,000 shares at a rate of $124.08, taking the stock ownership to the 499,295 shares. Before that another transaction happened on Mar 25 ’25, when Company’s Chief Financial Officer sold 100,000 for $123.51, making the entire transaction worth $12,350,512. This insider now owns 399,295 shares in total.
Reddit Inc (RDDT) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.13 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 134.35% per share during the next fiscal year.
Reddit Inc (NYSE: RDDT) Trading Performance Indicators
Check out the current performance indicators for Reddit Inc (RDDT). In the past quarter, the stock posted a quick ratio of 12.63. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 14.60. Likewise, its price to free cash flow for the trailing twelve months is 87.93.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.02, a number that is poised to hit 0.02 in the next quarter and is forecasted to reach 2.26 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 6.99 million. That was inferior than the volume of 7.36 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 18.14%. Additionally, its Average True Range was 12.02.
During the past 100 days, Reddit Inc’s (RDDT) raw stochastic average was set at 5.49%, which indicates a significant decrease from 16.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 93.10% in the past 14 days, which was higher than the 87.18% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $164.15, while its 200-day Moving Average is $112.55. However, in the short run, Reddit Inc’s stock first resistance to watch stands at $108.46. Second resistance stands at $112.01. The third major resistance level sits at $117.44. If the price goes on to break the first support level at $99.48, it is likely to go to the next support level at $94.05. Assuming the price breaks the second support level, the third support level stands at $90.50.
Reddit Inc (NYSE: RDDT) Key Stats
There are currently 180,904K shares outstanding in the company with a market cap of 18.98 billion. Presently, the company’s annual sales total 1,300 M according to its annual income of -484,280 K. Last quarter, the company’s sales amounted to 427,710 K and its income totaled 71,040 K.
