52-week price history of RDDT Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Reddit Inc’s current trading price is -7.06% away from its 52-week high, while its distance from the 52-week low is 367.04%. The stock’s price range during the 52-week period has remained between $37.35 and $187.69. In the Communication Services sector, the company’s shares saw a trading volume of around 2.08 million for the day, which was evidently lower than the average daily volume of 6.76 million over the past three months.
Market Capitalization and Financial Performance: An In-Depth Look
Reddit Inc (RDDT) has experienced a quarterly rise of 147.64% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 30.63B and boasts a workforce of 2013 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 105.22, with a change in price of +120.54. Similarly, Reddit Inc recorded 5,756,542 in trading volume during the last 100 days, posting a change of +219.36%.
Examining RDDT’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the 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
Reddit Inc’s raw stochastic average for the past 50 days is presently 88.77%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 66.05%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 77.03% and 70.88%, respectively.
RDDT Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Until today this year the stock’s price performance recorded an increase of 6.73%. However, over the last six months, the performance has been weaker by 147.12%. The price of RDDT increased 13.95% over the last 30 days. And in the last five days, it has surged by 5.38%.
