After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.
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Stocks Info
As a NYSE listed company, RDDT falls under the Communication Services sector while operating within the Internet Content & Information industry segment. The current market capitalization of Reddit Inc. is $9.21B. A total of 4.84 million shares were traded on the day, compared to an average of 3.49M shares.
In the most recent transaction, Gale Mary Porter sold 30,000 shares of RDDT for 52.31 per share on Aug 12 ’24. After the transaction, the Director now owns 71,459 company shares. In a previous transaction on Aug 13 ’24, Gale Mary Porter sold 20,000 shares at 53.48 per share. RDDT shares that Director owns now total 51,459.
Among the insiders who sold shares, Gale Mary Porter disposed of 15,000 shares on Aug 09 ’24 at a per-share price of $52.73. This resulted in the Director holding 101,459 shares of RDDT after the transaction. In another insider transaction, MARY PORTER GALE bought 65,000 shares at $52.73 per share on Aug 09 ’24.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, RDDT has a high of $78.08 and a low of $37.35.
As of this writing, RDDT has an earnings estimate of -$0.15 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of -$0.01 per share and a lower estimate of -$0.32.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. RDDT’s latest balance sheet shows that the firm has $1.41B in Cash & Short Term Investments as of fiscal 2021. There were $13.46M in debt and $70.46M in liabilities at the time. Its Book Value Per Share was $11.43, while its Total Shareholder’s Equity was -$286.01M.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RDDT is Buy with a score of 3.87.
