Reddit Inc [NYSE: RDDT] plunged by -$11.17 during the normal trading session on while it closed the day at $213.76.
Reddit Inc stock has also loss -0.72% of its value over the past 7 days. However, RDDT stock has inclined by 62.63% in the 3 months of the year. Over the past six months meanwhile, it has gained 304.01% and gained 30.79% year-on date.
The market cap for RDDT stock reached $37.53 billion, with 116.91 million shares outstanding and 103.38 million shares in the current float. Compared to the average trading volume of 5.69M shares, RDDT reached a trading volume of 6153440 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 $191.29 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 1.87. 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.
Seaport Research Partners have made an estimate for Reddit Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 06, 2025. While these analysts kept the previous recommendation, ROTH MKM raised their target price from $116 to $195. The new note on the price target was released on January 22, 2025, representing the official price target for Reddit Inc stock. Previously, the target price had yet another raise to $210, while Guggenheim analysts kept a Buy rating on RDDT stock.
The Average True Range (ATR) for Reddit Inc is set at 11.71, with the Price to Sales ratio for RDDT stock in the period of the last 12 months amounting to 33.44. The Price to Book ratio for the last quarter was 18.82, with the Price to Cash per share for the same quarter was set at 9.94. Price to Free Cash Flow for RDDT in the course of the last twelve months was 358.71 with Quick ratio for the last quarter at 11.96.
RDDT stock trade performance evaluation
Reddit Inc [RDDT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.72. With this latest performance, RDDT shares gained by 27.94% in over the last four-week period, additionally plugging by 304.01% 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 63.92, with the RSI for the last a single of trading hit 61.58, and the three-weeks RSI is set at 64.46 for Reddit Inc [RDDT]. The present Moving Average for the last 50 days of trading for this stock 177.03, while it was recorded at 220.32 for the last single week of trading, and 97.53 for the last 200 days.
Reddit Inc [RDDT]: An insightful look at the core 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.
Reddit Inc [RDDT]: Institutional Ownership
There are presently around $75.67%, or 97.06%% of RDDT stock, in the hands of institutional investors. The top three institutional holders of RDDT stocks are: FMR LLC with ownership of 3.02 million shares, which is approximately 1.8362%. VANGUARD GROUP INC, holding 2.44 million shares of the stock with an approximate value of $$156.21 million in RDDT stocks shares; and VANGUARD GROUP INC, currently with $$133.49 million in RDDT stock with ownership which is approximately 1.2711%.
