Is Reddit Inc (NYSE: RDDT) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

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Stocks Info

Reddit Inc is listed on the NYSE in the Communication Services sector while operating in the Internet Content & Information industry. The current market capitalization of Reddit Inc is $23.46B. A total of 5.68 million shares were traded on the day, compared to an average of 5.50M shares.

In the most recent transaction, Gale Mary Porter sold 5,000 shares of RDDT for 114.40 per share on Nov 01 ’24. After the transaction, the Director now owns 46,459 company shares. In a previous transaction on Nov 01 ’24, Huffman Steve Ladd sold 14,000 shares at 113.13 per share. RDDT shares that CEO & President owns now total 651,775.

Among the insiders who sold shares, Seibel Michael disposed of 50,000 shares on Nov 01 ’24 at a per-share price of $111.27. This resulted in the Director holding 5,128 shares of RDDT after the transaction. In another insider transaction, Seibel Michael sold 31,697 shares at $111.36 per share on Nov 01 ’24. Company shares held by the Director now total 0.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, RDDT has a high of $134.80 and a low of $37.35.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. 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 $11.36, while its Total Shareholder’s Equity was -$286.01M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 4.00.

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