With 3.92 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.79 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $68.35 whereas the lowest price it dropped to was $66.12. The 52-week range on RDDT shows that it touched its highest point at $78.08 and its lowest point at $37.35 during that stretch. It currently has a 1-year price target of $67.47.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RDDT was up-trending over the past week, with a rise of 1.38%, but this was up by 19.49% over a month. Three-month performance surged to 4.99% while six-month performance rose 36.01%. A look at the trailing 12-month EPS for RDDT yields -3.51 with Next year EPS estimates of -0.00. For the next quarter, that number is -0.09. This implies an EPS growth rate of -199.09% for this year and 99.95% for next year.
Float and Shares Shorts:
At present, 165.88 million RDDT shares are outstanding with a float of 74.34 million shares on hand for trading. On 2024-09-13, short shares totaled 5.23 million, which was 315.0 higher than short shares on 1723680000. In addition to Mr. Steven Ladd Huffman as the firm’s Co-Founder, CEO, President & Director, Mr. Andrew Vollero serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 0.33396998 of RDDT’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, RDDT reported revenue of $281184000.0 and operating income of -$31039000.0. The EBITDA in the recently reported quarter was -$27269000.0 and diluted EPS was -$0.06.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RDDT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.