Trade Desk Inc (NASDAQ: TTD) has seen a decline in its stock price by -0.25 in relation to its previous close of 87.31. However, the company has experienced a -0.53% decline in its stock price over the last five trading sessions. The Motley Fool reported 2024-03-31 that Despite the digital advertising market’s downturn, The Trade Desk showcased remarkable resilience, outpacing peers with consistent sales growth above 20% in a full-blown economic crisis. The company is positioned to capitalize on digital advertising’s evolving landscape.
Is It Worth Investing in Trade Desk Inc (NASDAQ: TTD) Right Now?
Trade Desk Inc (NASDAQ: TTD) has a higher price-to-earnings ratio of 243.40x compared to its average ratio. TTD has 36-month beta value of 1.49. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for TTD is 440.95M, and currently, short sellers hold a 2.30% ratio of that float. The average trading volume of TTD on April 03, 2024 was 5.02M shares.
TTD’s Market Performance
The stock of Trade Desk Inc (TTD) has seen a -0.53% decrease in the past week, with a 3.81% rise in the past month, and a 21.03% gain in the past quarter. The volatility ratio for the week is 2.68%, and the volatility levels for the past 30 days are at 2.60% for TTD. The simple moving average for the past 20 days is 5.24% for TTD’s stock, with a 13.46% simple moving average for the past 200 days.
Analysts’ Opinion of TTD
Many brokerage firms have already submitted their reports for TTD stocks, with BTIG Research repeating the rating for TTD by listing it as a “Buy.” The predicted price for TTD in the upcoming period, according to BTIG Research is $98 based on the research report published on February 23, 2024 of the current year 2024.
Wells Fargo gave a rating of “Overweight” to TTD, setting the target price at $80 in the report published on January 17th of the current year.
TTD Trading at 11.68% 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 -7.35% of loss for the given period.
Volatility was left at 2.60%, however, over the last 30 days, the volatility rate increased by 2.68%, as shares surge +4.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.28% upper at present.
During the last 5 trading sessions, TTD fell by -0.53%, which changed the moving average for the period of 200-days by +13.38% in comparison to the 20-day moving average, which settled at $82.93. In addition, Trade Desk Inc saw 21.03% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TTD starting from Green Jeffrey Terry, who sale 75,000 shares at the price of $85.42 back on Mar 25 ’24. After this action, Green Jeffrey Terry now owns 1,117,629 shares of Trade Desk Inc, valued at $6,406,500 using the latest closing price.
Green Jeffrey Terry, the President and CEO of Trade Desk Inc, sale 75,000 shares at $84.73 during a trade that took place back on Mar 22 ’24, which means that Green Jeffrey Terry is holding 1,192,629 shares at $6,354,750 based on the most recent closing price.
Stock Fundamentals for TTD
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.81 for the gross margin
The net margin for Trade Desk Inc stands at 0.09. The total capital return value is set at 0.08. Equity return is now at value 8.36, with 3.86 for asset returns.
Based on Trade Desk Inc (TTD), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at 2.54. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is -6.28.
Currently, EBITDA for the company is 281.89 million with net debt to EBITDA at -2.34. When we switch over and look at the enterprise to sales, we see a ratio of 21.54. The receivables turnover for the company is 0.68for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.72.
Conclusion
To put it simply, Trade Desk Inc (TTD) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
