Reddit Inc. [RDDT] gain 26.21% so far this year. What now?

Reddit Inc. [NYSE: RDDT] closed the trading session at $63.66.

The stocks have a year to date performance of 26.21 percent and weekly performance of 6.33 percent. The stock has performed 17.11 percent around the most recent 30 days and changed 5.73 percent over the most recent 3-months.

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If compared to the average trading volume of 3.58M shares, RDDT reached to a volume of 4638127 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Reddit Inc. [RDDT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RDDT shares is $67.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RDDT stock is a recommendation set at 1.94. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Loop Capital have made an estimate for Reddit Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 01, 2024. While these analysts kept the previous recommendation, ROTH MKM raised their target price from $61 to $67. The new note on the price target was released on July 26, 2024, representing the official price target for Reddit Inc. stock. Previously, the target price had yet another raise to $75, while Loop Capital analysts kept a Hold rating on RDDT stock. On May 08, 2024, analysts increased their price target for RDDT shares from 55 to 63.

The Average True Range (ATR) for Reddit Inc. is set at 3.21, with the Price to Sales ratio for RDDT stock in the period of the last 12 months amounting to 10.76. The Price to Book ratio for the last quarter was 5.57, with the Price to Cash per share for the same quarter was set at 10.24.

RDDT stock trade performance evaluation

Reddit Inc. [RDDT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.33.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RDDT stock in for the last two-week period is set at 62.47, with the RSI for the last a single of trading hit 69.91, and the three-weeks RSI is set at 57.94 for Reddit Inc. [RDDT]. The present Moving Average for the last 50 days of trading for this stock 59.93, while it was recorded at 60.68 for the last single week of trading.

Reddit Inc. [RDDT]: An insightful look at the core fundamentals

Reddit Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 12.42 and a Current Ratio set at 12.42.

Earnings per share (EPS) analysis for Reddit Inc. [RDDT] stock

With the latest financial reports released by the company, Reddit Inc. posted -8.19/share EPS, while the average EPS was predicted by analysts to be reported at -8.71/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.52. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RDDT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Reddit Inc. go to 30.20%.