Understanding the Fundamentals Before Investing in Series Stocks

By Kim Brooks • Friday, October 10 10:07 • Permanent Link

Series logged a 0.1% change during today's morning session, and is now trading at a price of $212.0 per share. The S&P 500 index moved 0.0%. RDDT's trading volume is 970,423 compared to the stock's average volume of 6,723,207.

Series trades -4.17% away from its average analyst target price of $221.23 per share. The 26 analysts following the stock have set target prices ranging from $110.0 to $300.0, and on average have given Series a rating of buy.

If you are considering an investment in RDDT, you'll want to know the following:

Series has moved 189.0% over the last year, and the S&P 500 logged a change of 15.8%
Based on its trailing earnings per share of 2.24, Series has a trailing 12 month Price to Earnings (P/E) ratio of 94.6 while the S&P 500 average is 29.3
RDDT has a forward P/E ratio of 316.4 based on its forward 12 month price to earnings (EPS) of $0.67 per share
Its Price to Book (P/B) ratio is 16.61 compared to its sector average of 4.19
Reddit, Inc. operates a digital community in the United States and internationally.
Based in San Francisco, the company has 2,233 full time employees and a market cap of $39.68 Billion.

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.