Reddit Inc. [RDDT] stock is trading at $63.89, up 0.49%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The RDDT shares have gain 11.50% over the last week, with a monthly amount glided 10.84%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Reddit Inc. [NYSE: RDDT] stock has seen the most recent analyst activity on May 08, 2024, when Needham reiterated its Buy rating and also boosted its price target to $63 from $55. Previously, Deutsche Bank started tracking the stock with Buy rating on April 16, 2024, and set its price target to $50. On April 16, 2024, BofA Securities initiated with a Neutral rating and assigned a price target of $46 on the stock. ROTH MKM started tracking the stock assigning a Buy rating and suggested a price target of $50 on April 15, 2024. Raymond James initiated its recommendation with a Strong Buy and recommended $50 as its price target on April 15, 2024. Piper Sandler started tracking with a Overweight rating for this stock on April 15, 2024, and assigned it a price target of $50. In a note dated April 15, 2024, Needham initiated an Buy rating and provided a target price of $55 on this stock.
Reddit Inc. [RDDT] stock has fluctuated between $37.35 and $74.90 over the past year. Currently, Wall Street analysts expect the stock to reach $54.33 within the next 12 months. Reddit Inc. [NYSE: RDDT] shares were valued at $63.89 at the most recent close of the market. An investor can expect a potential drop of -14.96% based on the average RDDT price forecast.
Analyzing the RDDT fundamentals
Reddit Inc. [NYSE:RDDT] reported sales of 883.25M for the trailing twelve months, which represents a growth of 48.38%. Gross Profit Margin for this corporation currently stands at 0.87% with Operating Profit Margin at -0.75%, Pretax Profit Margin comes in at -0.68%, and Net Profit Margin reading is -0.68%. To continue investigating profitability, this company’s Return on Assets is posted at -0.3, Equity is -0.39 and Total Capital is -0.35. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 62.43 points at the first support level, and at 60.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.58, and for the 2nd resistance point, it is at 67.28.
Ratios To Look Out For
For context, Reddit Inc.’s Current Ratio is 12.27. Further, the Quick Ratio stands at 12.27, while the Cash Ratio is 6.19. Considering the valuation of this stock, the price to sales ratio is 11.83, the price to book ratio is 5.68.
Transactions by insiders
Recent insider trading involved Vollero Andrew, Chief Financial Officer, that happened on May 23 ’24 when 50580.0 shares were sold. CEO & President, Huffman Steve Ladd completed a deal on May 23 ’24 to sell 42299.0 shares. Meanwhile, Chief Operating Officer Wong Jennifer L. sold 40139.0 shares on May 23 ’24.
