Reddit Inc (NYSE:RDDT) shares, rose in value on Wednesday, April 16, with the stock price down by -1.12% to the previous day’s close as strong demand from buyers drove the stock to $95.38.
Actively observing the price movement in the last trading, the stock closed the session at $96.46, falling within a range of $91.61 and $95.49. Referring to stock’s 52-week performance, its high was $230.41, and the low was $37.35. On the whole, RDDT has fluctuated by -13.37% over the past month.
With the market capitalization of Reddit Inc currently standing at about $17.25 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-11.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.78B, with a low estimate of 365M and a high estimate of 385M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 370.11M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RDDT’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of RDDT currently trading nearly -9.47% and -32.75% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.11, while the 7-day volatility ratio is showing 6.67% which for the 30-day chart, stands at 9.51%. Furthermore, Reddit Inc (RDDT)’s beta value is 3.10, and its average true range (ATR) is 11.38.
A comparison of Reddit Inc (RDDT) with its peers suggests the former has fared considerably weaker in the market. RDDT showed an intraday change of -1.12% in last session, and over the past year, it grew by 138.45%%.
Data on historical trading for Reddit Inc (NYSE:RDDT) indicates that the trading volumes over the past 10 days have averaged 8.37 and over the past 3 months, they’ve averaged 7.94 million. According to company’s latest data on outstanding shares, there are 125.00 million shares outstanding.
Nearly 39.03% of Reddit Inc’s shares belong to company insiders and institutional investors own 53.00% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18.58 million shares as on 2025-03-31, resulting in a short ratio of 1.8. The stock has fallen by -41.64% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RDDT stock heading into the next quarter.
