Reddit Inc. (RDDT)
Reddit Statistics
Share Statistics
Reddit has 180.9M shares outstanding. The number of shares has increased by 10.64% in one year.
| Shares Outstanding | 180.9M |
| Shares Change (YoY) | 10.64% |
| Shares Change (QoQ) | 3.03% |
| Owned by Institutions (%) | 53.85% |
| Shares Floating | 158.96M |
| Failed to Deliver (FTD) Shares | 1K |
| FTD / Avg. Volume | 0.01% |
Short Selling Information
The latest short interest is 14.65M, so 8.1% of the outstanding shares have been sold short.
| Short Interest | 14.65M |
| Short % of Shares Out | 8.1% |
| Short % of Float | 9.22% |
| Short Ratio (days to cover) | 1.91 |
Valuation Ratios
The PE ratio is -49.1 and the forward PE ratio is 42.43. Reddit's PEG ratio is -0.42.
| PE Ratio | -49.1 |
| Forward PE | 42.43 |
| PS Ratio | 18.29 |
| Forward PS | 3.7 |
| PB Ratio | 11.16 |
| P/FCF Ratio | 110.17 |
| PEG Ratio | -0.42 |
Enterprise Valuation
Currently the Enterprise Value (EV) is not available for Reddit.
| EV / Sales | n/a |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | n/a |
Financial Position
The company has a current ratio of 12.63, with a Debt / Equity ratio of 0.01.
| Current Ratio | 12.63 |
| Quick Ratio | 12.63 |
| Debt / Equity | 0.01 |
| Debt / EBITDA | -0.05 |
| Debt / FCF | 0.12 |
| Interest Coverage | 0 |
Financial Efficiency
Return on Equity is n/a and Return on Invested Capital is n/a.
| Return on Equity | n/a |
| Return on Assets | n/a |
| Return on Invested Capital | n/a |
| Revenue Per Employee | $582.27K |
| Profits Per Employee | $-216.87K |
| Employee Count | 2,233 |
| Asset Turnover | 0.56 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | -931K |
| Effective Tax Rate | 0.19% |
Stock Price Statistics
The stock price has increased by 134.1% in the last 52 weeks. The beta is 2.98, so Reddit's price volatility has been higher than the market average.
| Beta | 2.98 |
| 52-Week Price Change | 134.1% |
| 50-Day Moving Average | 144.22 |
| 200-Day Moving Average | 114.66 |
| Relative Strength Index (RSI) | 39.6 |
| Average Volume (20 Days) | 8M |
Income Statement
In the last 12 months, Reddit had revenue of 1.3B and earned -484.28M in profits. Earnings per share was -3.33.
| Revenue | 1.3B |
| Gross Profit | 1.18B |
| Operating Income | -560.57M |
| Net Income | -484.28M |
| EBITDA | -560.57M |
| EBIT | -560.57M |
| Earnings Per Share (EPS) | -3.33 |
Balance Sheet
The company has 562.09M in cash and 26.7M in debt, giving a net cash position of 535.39M.
| Cash & Cash Equivalents | 562.09M |
| Total Debt | 26.7M |
| Net Cash | 535.39M |
| Retained Earnings | -1.2B |
| Total Assets | 2.34B |
| Working Capital | 2.05B |
Cash Flow
In the last 12 months, operating cash flow was 222.07M and capital expenditures -6.25M, giving a free cash flow of 215.82M.
| Operating Cash Flow | 222.07M |
| Capital Expenditures | -6.25M |
| Free Cash Flow | 215.82M |
| FCF Per Share | 1.48 |
Margins
Gross margin is 90.49%, with operating and profit margins of -43.11% and -37.25%.
| Gross Margin | 90.49% |
| Operating Margin | -43.11% |
| Pretax Margin | -37.32% |
| Profit Margin | -37.25% |
| EBITDA Margin | -43.11% |
| EBIT Margin | -43.11% |
| FCF Margin | 16.6% |
Dividends & Yields
RDDT does not appear to pay any dividends at this time.
| Dividend Per Share | n/a |
| Dividend Yield | n/a |
| Dividend Growth (YoY) | n/a |
| Payout Ratio | n/a |
| Earnings Yield | n/a |
| FCF Yield | n/a |
Analyst Forecast
The average price target for RDDT is $152.5, which is 58.3% higher than the current price. The consensus rating is "Buy".
| Price Target | $152.5 |
| Price Target Difference | 58.3% |
| Analyst Consensus | Buy |
| Analyst Count | 23 |
Scores
| Altman Z-Score | 53.43 |
| Piotroski F-Score | 5 |