Reddit, Stock Price on October 15, 2024
| RDDT Stock | 141.90 4.77 3.25% |
If you're considering investing in Reddit, Stock, it is important to understand the factors that can impact its price. As of today, the current price of Reddit, stands at 141.90, as last reported on the 26th of November, with the highest price reaching 152.14 and the lowest price hitting 139.22 during the day. Reddit, is very steady given 3 months investment horizon. Reddit, maintains Sharpe Ratio (i.e., Efficiency) of 0.26, which implies the firm had a 0.26% return per unit of risk over the last 3 months. We were able to break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.66% are justified by taking the suggested risk. Use Reddit, Coefficient Of Variation of 393.04, risk adjusted performance of 0.2039, and Semi Deviation of 2.14 to evaluate company specific risk that cannot be diversified away.
At this time, Reddit,'s Common Stock Shares Outstanding is comparatively stable compared to the past year. Stock Based Compensation To Revenue is likely to gain to 0.09 in 2024, whereas Total Stockholder Equity is likely to drop slightly above 1.4 B in 2024. . At this time, Reddit,'s Price To Sales Ratio is comparatively stable compared to the past year. Price Book Value Ratio is likely to gain to 3.03 in 2024, whereas Price To Free Cash Flows Ratio is likely to drop (36.92) in 2024. Reddit, Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Reddit, |
Sharpe Ratio = 0.255
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Estimated Market Risk
| 6.52 actual daily | 58 58% of assets are less volatile |
Expected Return
| 1.66 actual daily | 33 67% of assets have higher returns |
Risk-Adjusted Return
| 0.26 actual daily | 20 80% of assets perform better |
Based on monthly moving average Reddit, is performing at about 20% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Reddit, by adding it to a well-diversified portfolio.
Price Book 5.6445 | Enterprise Value Ebitda (50.47) | Price Sales 11.1203 | Shares Float 68.1 M | Wall Street Target Price 76.82 |
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Reddit, Valuation on October 15, 2024
It is possible to determine the worth of Reddit, on a given historical date. On October 15, 2024 Reddit, was worth 74.8 at the beginning of the trading date compared to the closed value of 75.17. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Reddit, stock. Still, in general, we apply an absolute valuation method to find Reddit,'s value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Reddit, where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Reddit,'s related companies.
| Open | High | Low | Close | Volume | |
| 73.75 | 75.65 | 72.82 | 74.87 | 5,209,790 | |
10/15/2024 | 74.80 | 76.48 | 74.14 | 75.17 | 5,687,019 |
| 75.16 | 77.87 | 73.59 | 77.26 | 4,236,695 |
| Backtest Reddit, | | | Reddit, History | | | Reddit, Valuation | Previous | Next |
Reddit, Trading Date Momentum on October 15, 2024
| On October 16 2024 Reddit, was traded for 77.26 at the closing time. The top price for the day was 77.87 and the lowest listed price was 73.59 . The trading volume for the day was 4.2 M. The trading history from October 16, 2024 was a factor to the next trading day price appreciation. The trading delta at closing time against the next closing price was 2.78% . The trading delta at closing time against the current closing price is 5.12% . |
Reddit, Fundamentals Correlations and Trends
By evaluating Reddit,'s financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Reddit,'s main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Reddit, financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Reddit, Stock history
Reddit, investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Reddit, is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Reddit, will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Reddit, stock prices may prove useful in developing a viable investing in Reddit,
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 59.1 M | 59.5 M |
Reddit, Quarterly Net Working Capital |
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Reddit, Stock Technical Analysis
Reddit, technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Reddit, Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Reddit, cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Reddit, November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Reddit, stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Reddit, shares will generate the highest return on investment. By undertsting and applying Reddit, stock market strength indicators, traders can identify Reddit, entry and exit signals to maximize returns
Reddit, Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Reddit,'s price direction in advance. Along with the technical and fundamental analysis of Reddit, Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Reddit, to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.2039 | |||
| Jensen Alpha | 1.53 | |||
| Total Risk Alpha | 0.6115 | |||
| Sortino Ratio | 0.4998 | |||
| Treynor Ratio | 2.25 |
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| Volume Indicators |
Additional Tools for Reddit, Stock Analysis
When running Reddit,'s price analysis, check to measure Reddit,'s market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Reddit, is operating at the current time. Most of Reddit,'s value examination focuses on studying past and present price action to predict the probability of Reddit,'s future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reddit,'s price. Additionally, you may evaluate how the addition of Reddit, to your portfolios can decrease your overall portfolio volatility.