With 4.7 million shares changed hands, the volume of the stock remained lighter than its average volume of 8.9 million shares. The 52-week range on RDDT shows that it touched its highest point at $230.41 and its lowest point at $48.25 during that stretch. It currently has a 1-year price target of $161.36. Beta for the stock currently stands at 2.77.
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 -4.72%, but this was down by -2.16% over a month. Three-month performance dropped to -51.84% while six-month performance fell -11.51%. The stock gained 119.55% in the past year, while it has lost -33.64% so far this year. A look at the trailing 12-month EPS for RDDT yields 0.65 with Next year EPS estimates of 2.32. For the next quarter, that number is 0.19. This implies an EPS growth rate of 137.47% for this year and 85.73% for next year.
Float and Shares Shorts:
At present, 129.15 million RDDT shares are outstanding with a float of 113.83 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.
