With 14.57 million shares changed hands, the volume of the stock remained heavier than its average volume of 6.31 million shares. The 52-week range on RDDT shows that it touched its highest point at $230.41 and its lowest point at $37.35 during that stretch. It currently has a 1-year price target of $209.57. Beta for the stock currently stands at 2.91.
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 down-trending over the past week, with a drop of -22.89%, but this was down by -45.51% over a month. Three-month performance dropped to -19.83% while six-month performance rose 115.88%. A look at the trailing 12-month EPS for RDDT yields -3.02 with Next year EPS estimates of 2.29. For the next quarter, that number is 0.02. This implies an EPS growth rate of 134.39% for this year and 99.82% for next year.
Float and Shares Shorts:
At present, 125.00 million RDDT shares are outstanding with a float of 109.33 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RDDT since 12 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$3.79077 being high and -$4.16749 being low. For RDDT, this leads to a yearly average estimate of -$4.06154. Based on analyst estimates, the high estimate for the next quarter is $0.26 and the low estimate is $0.04. The average estimate for the next quarter is thus $0.14.
