The stock of Reddit Inc (RDDT) has seen a 2.88% increase in the past week, with a 6.98% gain in the past month, and a 132.21% flourish in the past quarter. The volatility ratio for the week is 5.58%, and the volatility levels for the past 30 days are at 5.76% for RDDT. The simple moving average for the last 20 days is 3.64% for RDDT stock, with a simple moving average of 104.38% for the last 200 days.
Is It Worth Investing in Reddit Inc (NYSE: RDDT) Right Now?
There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 5 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
The public float for RDDT is 103.77M and currently, short sellers hold a 17.59% ratio of that float. The average trading volume of RDDT on January 27, 2025 was 6.93M shares.
RDDT) stock’s latest price update
The stock price of Reddit Inc (NYSE: RDDT) has plunged by -1.11 when compared to previous closing price of 182.40, but the company has seen a 2.88% gain in its stock price over the last five trading sessions. fool.com reported 2025-01-26 that Investors have enjoyed a decent start to 2025 as the major stock market indexes have advanced in unison so far. As of this writing, the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average are up 2.9%, 2.3%, and 3.6%, respectively.
Analysts’ Opinion of RDDT
Many brokerage firms have already submitted their reports for RDDT stocks, with ROTH MKM repeating the rating for RDDT by listing it as a “Neutral.” The predicted price for RDDT in the upcoming period, according to ROTH MKM is $195 based on the research report published on January 22, 2025 of the current year 2025.
Guggenheim, on the other hand, stated in their research note that they expect to see RDDT reach a price target of $210. The rating they have provided for RDDT stocks is “Buy” according to the report published on December 20th, 2024.
Wells Fargo gave a rating of “Overweight” to RDDT, setting the target price at $206 in the report published on December 11th of the previous year.
RDDT Trading at 12.21% from the 50-Day Moving Average
After a stumble in the market that brought RDDT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.56% of loss for the given period.
Volatility was left at 5.76%, however, over the last 30 days, the volatility rate increased by 5.58%, as shares surge +1.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +39.74% upper at present.
During the last 5 trading sessions, RDDT rose by +2.99%, which changed the moving average for the period of 200-days by +301.29% in comparison to the 20-day moving average, which settled at $174.06. In addition, Reddit Inc saw 10.36% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RDDT starting from Slowe Christopher Brian, who sale 11,000 shares at the price of $184.11 back on Jan 22 ’25. After this action, Slowe Christopher Brian now owns 311,381 shares of Reddit Inc, valued at $2,025,259 using the latest closing price.
Slowe Christopher Brian, the Chief Technology Officer of Reddit Inc, sale 5,000 shares at $184.15 during a trade that took place back on Jan 22 ’25, which means that Slowe Christopher Brian is holding 35,252 shares at $920,772 based on the most recent closing price.
Stock Fundamentals for RDDT
Current profitability levels for the company are sitting at:
- -0.54 for the present operating margin
- 0.89 for the gross margin
The net margin for Reddit Inc stands at -0.48. The total capital return value is set at -0.31. Equity return is now at value -31.80, with -28.80 for asset returns.
Based on Reddit Inc (RDDT), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 4.25.
Currently, EBITDA for the company is -126.46 million with net debt to EBITDA at 0.82. When we switch over and look at the enterprise to sales, we see a ratio of 27.54. The receivables turnover for the company is 3.82for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 11.96.
Conclusion
In conclusion, Reddit Inc (RDDT) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
