Reddit Inc [NYSE: RDDT] loss -3.37% or -5.58 points to close at $159.99 with a heavy trading volume of 6096633 shares.
The daily chart for RDDT points out that the company has recorded 183.52% gains over the past six months.
If we look at the average trading volume of 6.09M shares, RDDT reached to a volume of 6096633 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $209.57 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 1.88. 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 12.52, with the Price to Sales ratio for RDDT stock in the period of the last 12 months amounting to 22.25. The Price to Book ratio for the last quarter was 13.54, with the Price to Cash per share for the same quarter was set at 10.18. Price to Free Cash Flow for RDDT in the course of the last twelve months was 134.06 with Quick ratio for the last quarter at 12.63.
Trading performance analysis for RDDT stock
Reddit Inc [RDDT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.50. With this latest performance, RDDT shares dropped by -12.29% in over the last four-week period, additionally plugging by 183.52% 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 32.73, with the RSI for the last a single of trading hit 23.33, and the three-weeks RSI is set at 39.50 for Reddit Inc [RDDT]. The present Moving Average for the last 50 days of trading for this stock 182.96, while it was recorded at 171.41 for the last single week of trading, and 103.76 for the last 200 days.
Reddit Inc [RDDT]: A deeper dive into fundamental analysis
Reddit Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 12.63 and a Current Ratio set at 12.63.
An analysis of Institutional ownership at Reddit Inc [RDDT]
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%.
