The Trade Desk Inc. (NASDAQ:TTD) went up by 1.64% from its latest closing price compared to the recent 1-year high of $114.09. The company’s stock price has collected 3.25% of gains in the last five trading sessions. Barron’s reported on 05/16/22 that Trade Desk Stock Is Upgraded. NetFlix Ad Move Is ‘Big Deal.’
Is It Worth Investing in The Trade Desk Inc. (NASDAQ :TTD) Right Now?
The Trade Desk Inc. (NASDAQ:TTD) scored a price-to-earnings ratio above its average ratio, recording 234.13 x from its present earnings ratio. Plus, the 36-month beta value for TTD is at 2.09. Opinions of the stock are interesting as 15 analysts out of 21 who provided ratings for The Trade Desk Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 4 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $75.18, which is $28.83 above the current price. TTD currently public float of 437.93M and currently shorts hold a 4.43% ratio of that float. Today, the average trading volume of TTD was 6.34M shares.
TTD’s Market Performance
TTD stocks went up by 3.25% for the week, with a monthly drop of -12.33% and a quarterly performance of -29.72%, while its annual performance rate touched -23.18%. The volatility ratio for the week stands at 7.20% while the volatility levels for the past 30 days are set at 7.87% for The Trade Desk Inc. The simple moving average for the period of the last 20 days is -5.61% for TTD stocks with a simple moving average of -35.42% for the last 200 days.
Analysts’ Opinion of TTD
Many brokerage firms have already submitted their reports for TTD stocks, with Stifel repeating the rating for TTD by listing it as a “Buy.” The predicted price for TTD in the upcoming period, according to Stifel is $80 based on the research report published on May 16th of the current year 2022.
Guggenheim, on the other hand, stated in their research note that they expect to see TTD reach a price target of $108. The rating they have provided for TTD stocks is “Buy” according to the report published on March 02nd, 2022.
TTD Trading at -14.18% from the 50-Day Moving Average
After a stumble in the market that brought TTD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -58.75% of loss for the given period.
Volatility was left at 7.87%, however, over the last 30 days, the volatility rate increased by 7.20%, as shares sank -10.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.36% lower at present.
During the last 5 trading sessions, TTD rose by +3.25%, which changed the moving average for the period of 200-days by -39.68% in comparison to the 20-day moving average, which settled at $49.58. In addition, The Trade Desk Inc. saw -48.65% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at TTD starting from WELLS DAVID B, who purchase 17,500 shares at the price of $45.81 back on May 25. After this action, WELLS DAVID B now owns 106,570 shares of The Trade Desk Inc., valued at $801,675 using the latest closing price.
GRAYSON BLAKE JEFFREY, the Chief Financial Officer of The Trade Desk Inc., sale 6,084 shares at $72.50 during a trade that took place back on Mar 29, which means that GRAYSON BLAKE JEFFREY is holding 151,803 shares at $441,090 based on the most recent closing price.
Stock Fundamentals for TTD
Current profitability levels for the company are sitting at:
- +10.43 for the present operating margin
- +81.48 for the gross margin
The net margin for The Trade Desk Inc. stands at +11.51. Equity return is now at value 7.10, with 3.10 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.71.