52-week price history of RDDT Stock
Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Reddit Inc.’s current trading price is -23.32% away from its 52-week high, while its distance from the 52-week low is 60.29%. The stock’s price range for this period has remained between $37.35 and $78.08. The Communication Services sector company’s shares managed to surpass a trading volume of around 3.42 million for the day, which was noticeably lower compared to the shares’ average daily volume of 3.55 million over the last three months.
Financial Performance and Market Capitalization
Reddit Inc. (RDDT) has experienced a quarterly decline of -2.73% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 9.93B and boasts a workforce of 2013 employees.
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Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 58.25, with a change in price of +18.15. Similarly, Reddit Inc. recorded 3,586,416 in trading volume during the last 100 days, posting a change of +43.50%.
RDDT Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for RDDT stands at 0.01. Similarly, the long-term debt-to-equity ratio is also 0.01.
RDDT Stock Stochastic Average
As of today, the raw stochastic average of Reddit Inc. over the past 50 days is 37.10%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 93.27%. Additionally, the Stochastic %K and %D values for the company were 72.81% and 69.01%, respectively, over the past 20 days.
RDDT Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. Year to date metric has recorded a gain of 18.70%. Over the last 30 days, the price of RDDT has fallen by 14.02%. And in the last five days, it has surged by 5.04%.
