Reddit Inc (RDDT) Stock Price Today & Analysis
RDDT
Valuation
Market cap$25.62B
Price-to-sales ratio11.63
Price-to-book value8.75
Price-earnings ratio48.40
Return on Equity15.00%
Return on Sales0.18%
Return on Assets0.14%
PEG ratioN/A
Earnings Per Share
Earnings Per Share$2.84
Income Statement
Average volume5,996,283
EBITDA$364.40M
1 year high (52w)$282.95
1 year low (52w)$79.75
Dividend
Dividend yield0.00%
Solvency
Debt-to-equity ratioN/A
About Reddit Inc
Reddit is an American social network with news aggregation, content rating, and forum activity. Founded in 2005 by Steve Huffman and Alexis Ohanian, it is operated by Reddit Inc. Headquartered in San Francisco, Reddit has grown to become one of the most influential online platforms, facilitating discussions on a wide range of topics through its network of communities, known as "subreddits." As of February 2024, Reddit features over 16 billion posts and comments created by millions of daily active users. Reddit generates revenue primarily through the sale of advertising space on its platform and optional premium membership plans.
FAQ
Buying Reddit Inc (RDDT) stock is now easy and instant through the Gotrade app.
- Download the Gotrade app from the App Store or Google Play.
- Create an account and complete KYC.
- Make a deposit.
- Search for the code "RDDT", then tap "Trade".
- Tap the "Buy" button.
- Enter the amount you want to buy. You have two options:
- Buy RDDT by number of shares.
- Buy fractional shares in dollars, starting from $1.
- Swipe up to confirm your order—done!
On Gotrade, you don't have to buy a full lot. With fractional shares, you can start investing in Reddit Inc from just $1. A small budget shouldn't stop you from building a US stock portfolio.
At the moment, Reddit Inc (RDDT) does not pay dividends because it focuses on reinvesting profits for company growth (a growth stock). However, you can still potentially earn profit from share price increases (capital gains). Track RDDT's performance via the price chart in the Gotrade app.
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA).
You can place orders 24/7. Transactions will be executed when the US market (NYSE/NASDAQ) is open, from 9:30 PM to 4:00 AM WIB. Gotrade also provides access to pre-market and after-hours trading, so you have more flexibility and aren't limited to regular working hours.
Market hours may change due to daylight saving time and holidays. In Gotrade, you can see the market status (open/closed) directly in the app.
There's no single perfect answer, but common approaches include:
- Compare valuation (e.g., P/E, P/S) against historical averages or competitors.
- Review revenue and earnings growth.
- Check margins and cash flow.
- Evaluate business outlook and the company's position within its industry.
