Reddit Inc's fundamentals are relatively very healthy, and its growth potential is high.Its valuation is considered fairly valued, ranking 62 out of 483 in the Software & IT Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 253.69.In the medium term, the stock price is expected to trend down.Despite a very weak market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of Reddit Inc is 9.11, ranking 20 out of 483 in the Software & IT Services industry. Its financial status is robust, and its operating efficiency is high. Its latest quarterly revenue reached 584.91M, representing a year-over-year increase of 67.91%, while its net profit experienced a year-over-year increase of 444.88%.
Key Metrics
The current valuation score of Reddit Inc is 5.01, ranking 441 out of 483 in the Software & IT Services industry. Its current P/E ratio is 78.56, which is 446.58% below the recent high of 429.38 and 245.09% above the recent low of -113.98.
The current earnings forecast score of Reddit Inc is 7.71, ranking 221 out of 483 in the Software & IT Services industry. The average price target is 245.00, with a high of 303.00 and a low of 115.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Reddit Inc is 6.66, ranking 204 out of 483 in the Software & IT Services industry. Currently, the stock price is trading between the resistance level at 235.85 and the support level at 152.35, making it suitable for range-bound swing trading.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
The current institutional shareholding score of Reddit Inc is 10.00, ranking 1 out of 483 in the Software & IT Services industry. The latest institutional shareholding proportion is 96.10%, representing a quarter-over-quarter increase of 8.56%. The largest institutional shareholder is The Vanguard, holding a total of 13.28M shares, representing 9.63% of shares outstanding, with 22.69% increase in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Software & IT Services domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Reddit Inc is 5.26, ranking 218 out of 483 in the Software & IT Services industry. The company's beta value is 0.00. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets.
