52-week price history of RDDT Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Reddit Inc’s current trading price is -28.14% away from its 52-week high, while its distance from the 52-week low is 343.29%. The stock’s price range during this period has fluctuated between $37.35 and $230.41. Shares of the company, which operates in the Communication Services sector, recorded a trading volume of around 7.6 million for the day, which was evidently higher than the average daily volume of 6.27 million over the last three months.
Financial Performance and Market Capitalization
Reddit Inc (RDDT) has experienced a quarterly rise of 20.71% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 29.94B and boasts a workforce of 2233 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 145.86, with a change in price of +98.49. Similarly, Reddit Inc recorded 6,421,003 in trading volume during the last 100 days, posting a change of +146.82%.
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
The raw stochastic average for Reddit Inc over the last 50 days is presently at 17.56%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 14.92%. Further, the company’s Stochastic %K and %D values for the last 20 days were 10.07% and 16.33%, respectively.
RDDT Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a gain of 1.30%.However, over the last six months, we can see a weaker performance of 191.04%. Over the last 30 days, the price of RDDT has leaped by -9.02%. And in the last five days, it has fallen by -15.69%.
