Reddit Inc [NYSE: RDDT] stock went on a downward path that fall over -5.30% on Friday, amounting to a one-week price increase of more than 38.86%.
The one-year Reddit Inc stock forecast points to a potential downside of -2.71. The average equity rating for RDDT stock is currently 1.84, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $16.28 billion, with 152.20 million shares outstanding and 74.35 million shares in the current float. Compared to the average trading volume of 5.19M shares, RDDT stock reached a trading volume of 11968233 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $110.00 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 1.84. 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.
Jefferies have made an estimate for Reddit Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 09, 2024. While these analysts kept the previous recommendation, B. Riley Securities raised their target price to Buy. The new note on the price target was released on September 20, 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 Buy rating on RDDT stock. On July 26, 2024, analysts increased their price target for RDDT shares from 61 to 67.
The Average True Range (ATR) for Reddit Inc is set at 5.97, with the Price to Sales ratio for RDDT stock in the period of the last 12 months amounting to 14.51. The Price to Book ratio for the last quarter was 9.95, with the Price to Cash per share for the same quarter was set at 12.11. Price to Free Cash Flow for RDDT in the course of the last twelve months was 155.64 with Quick ratio for the last quarter at 11.96.
RDDT Stock Performance Analysis:
Reddit Inc [RDDT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 38.86. With this latest performance, RDDT shares gained by 67.45% in over the last four-week period, additionally plugging by 142.24% over the last 6 months.
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 79.05, with the RSI for the last a single of trading hit 79.65, and the three-weeks RSI is set at 77.44 for Reddit Inc [RDDT]. The present Moving Average for the last 50 days of trading for this stock 70.12, while it was recorded at 101.95 for the last single week of trading.
Insight into Reddit Inc Fundamentals:
Reddit Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 11.96 and a Current Ratio set at 11.96.
RDDT Stock EPS
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%.
Reddit Inc [RDDT] Institutonal Ownership Details
There are presently around $33.46%, or 40.92%% of RDDT stock, in the hands of institutional investors.
