Reddit, Inc. (RDDT)
NYSE: RDDT · IEX Real-Time Price · USD
73.51
+6.92 (10.39%)
At close: Jul 2, 2024, 4:00 PM
73.60
+0.09 (0.12%)
After-hours: Jul 2, 2024, 7:59 PM EDT

Reddit Statistics

Total Valuation

Reddit has a market cap or net worth of $12.02 billion. The enterprise value is $10.37 billion.

Market Cap 12.02B
Enterprise Value 10.37B

Important Dates

The next estimated earnings date is Sunday, August 25, 2024, before market open.

Earnings Date Aug 25, 2024
Ex-Dividend Date n/a

Share Statistics

Reddit has 163.51 million shares outstanding.

Shares Outstanding 163.51M
Shares Change (YoY) n/a
Shares Change (QoQ) n/a
Owned by Insiders (%) 20.04%
Owned by Institutions (%) 47.56%
Float 32.51M

Valuation Ratios

PE Ratio n/a
Forward PE n/a
PS Ratio 13.61
Forward PS 10.45
PB Ratio 6.54
P/FCF Ratio n/a
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings n/a
EV / Sales 11.75
EV / EBITDA n/a
EV / EBIT n/a
EV / FCF n/a

Financial Position

The company has a current ratio of 12.27, with a Debt / Equity ratio of 0.01.

Current Ratio 12.27
Quick Ratio 12.05
Debt / Equity 0.01
Debt / EBITDA n/a
Debt / FCF n/a
Interest Coverage n/a

Financial Efficiency

Return on Equity (ROE) n/a
Return on Assets (ROA) n/a
Return on Capital (ROIC) n/a
Revenue Per Employee $438,774
Profits Per Employee -$300,558
Employee Count 2,013
Asset Turnover n/a
Inventory Turnover n/a

Taxes

Income Tax n/a
Effective Tax Rate n/a

Stock Price Statistics

Beta (5Y) n/a
52-Week Price Change n/a
50-Day Moving Average 56.02
200-Day Moving Average n/a
Relative Strength Index (RSI) 71.04
Average Volume (20 Days) 3,030,017

Short Selling Information

The latest short interest is 4.90 million, so 3.00% of the outstanding shares have been sold short.

Short Interest 4.90M
Short Previous Month 2.88M
Short % of Shares Out 3.00%
Short % of Float 15.07%
Short Ratio (days to cover) 1.38

Income Statement

In the last 12 months, Reddit had revenue of $883.25 million and -$605.02 million in losses. Loss per share was -$3.70.

Revenue 883.25M
Gross Profit n/a
Operating Income n/a
Pretax Income n/a
Net Income -605.02M
EBITDA n/a
EBIT n/a
Loss Per Share -$3.70
Full Income Statement

Balance Sheet

The company has $1.67 billion in cash and $25.22 million in debt, giving a net cash position of $1.65 billion or $10.06 per share.

Cash & Cash Equivalents 1.67B
Total Debt 25.22M
Net Cash 1.65B
Net Cash Per Share $10.06
Equity (Book Value) 1.84B
Book Value Per Share 11.24
Working Capital 1.76B
Full Balance Sheet

Cash Flow

Operating Cash Flow n/a
Capital Expenditures n/a
Free Cash Flow n/a
FCF Per Share n/a
Full Cash Flow Statement

Margins

Gross Margin n/a
Operating Margin n/a
Pretax Margin n/a
Profit Margin -68.50%
EBITDA Margin n/a
EBIT Margin n/a
FCF Margin n/a

Dividends & Yields

Reddit does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield n/a
Shareholder Yield n/a
Earnings Yield -5.03%
FCF Yield n/a

Analyst Forecast

The average price target for Reddit is $57.00, which is -22.46% lower than the current price. The consensus rating is "Buy".

Price Target $57.00
Price Target Difference -22.46%
Analyst Consensus Buy
Analyst Count 15
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

Altman Z-Score n/a
Piotroski F-Score n/a