Reddit in Brief

By Naomi Wentworth • Friday, January 03 15:13 • Permanent Link

It's been a great afternoon session for Reddit investors, who saw their shares rise 7.8% to a price of $178.85 per share. At these higher prices, is the company still fairly valued? If you are thinking about investing, make sure to check the company's fundamentals before making a decision.

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Reddit, Inc. operates a website that organizes digital communities. The company belongs to the Technology sector, which has an average price to earnings (P/E) ratio of None and an average price to book (P/B) ratio of None. In contrast, Reddit has a trailing 12 month P/E ratio of -57.9 and a P/B ratio of 15.75.

Reddit has moved 260.7% over the last year compared to 24.9% for the S&P 500 — a difference of 235.7%. Reddit has a 52 week high of $182.2 and a 52 week low of $37.35.

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The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.