Reddit Inc (NYSE:RDDT) traded at $176.28 at last check on current trade day and made a downward move of -0.82% on its previous day’s price.
Looking at the stock we see that its previous close was $177.74 with the day’s price range being $175.7 – $187.69. In terms of its 52-week price range, RDDT has a high of $182.20 and a low of $37.35. The company’s stock has gained about 14.29% over that past 30 days.
Reddit Inc has a market cap of $33.16 billion and is expected to release its quarterly earnings report in February.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 402.55M, with a low of 392M and a high of 413M.
Based on estimates by 12 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the Reddit Inc (RDDT) stock as a Hold, while 6 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 4.46% off its SMA20 and 22.86% from its 50-day simple moving average. The RSI (14) is pointing at 61.03 while the volatility over the past week is 5.89% and jumps to 7.18% over the past one month. The average price target for the stock over the next 12 months is $99, with the estimates having a low of $50 and a high of $200. These price ends are 71.64% and -13.46% off the today’s price level respectively, although investors could be excited at the prospect of a 43.84% if the RDDT share price touches on the median price of $99.
Coming back to Reddit Inc (NYSE:RDDT), we note that the average 3-month trading volume was 6.79 million, while that of the preceding 10-day period stands at 4.78 million. Current shares outstanding are 116.91 million.
The insiders hold 41.12% of the company’s shares while institutions hold 39.13%. The data shows that short shares as of 2024-12-13, stood at 16.18 million at a short ratio of 2.31. Shares short rose in December from the previous month at 8.29 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 7.85% up in year-to-date price movement.
