Trade Desk Inc (NASDAQ: TTD) has seen a rise in its stock price by 0.70 in relation to its previous close of 77.30. However, the company has experienced a -3.89% decline in its stock price over the last five trading sessions. Business Wire reported 2024-04-17 that LOS ANGELES–(BUSINESS WIRE)–The Trade Desk, Inc. (NASDAQ: TTD), a provider of a global technology platform for buyers of advertising, today announced that it will release financial results for the first quarter ended March 31, 2024 after the market closes on Wednesday, May 8, 2024. The Trade Desk will host a webcast and conference call to discuss first quarter financial results at 2:00 P.M. Pacific Time. Webcast and Conference Call Details When: May 8, 2024 at 2:00 P.M. Pacific Time (5:00 P.M.
Is It Worth Investing in Trade Desk Inc (NASDAQ: TTD) Right Now?
Trade Desk Inc (NASDAQ: TTD) has a price-to-earnings ratio that is above its average at 217.55x. The stock has a 36-month beta value of 1.51. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for TTD is 441.09M, and at present, short sellers hold a 2.07% of that float. On April 23, 2024, the average trading volume of TTD was 4.43M shares.
TTD’s Market Performance
TTD’s stock has seen a -3.89% decrease for the week, with a -8.49% drop in the past month and a 12.18% gain in the past quarter. The volatility ratio for the week is 3.68%, and the volatility levels for the past 30 days are at 3.08% for Trade Desk Inc The simple moving average for the past 20 days is -8.50% for TTD’s stock, with a 0.72% 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 -5.39% 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 -17.19% of loss for the given period.
Volatility was left at 3.08%, however, over the last 30 days, the volatility rate increased by 3.68%, as shares sank -8.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.93% upper at present.
During the last 5 trading sessions, TTD fell by -3.89%, which changed the moving average for the period of 200-days by +3.30% in comparison to the 20-day moving average, which settled at $84.71. In addition, Trade Desk Inc saw 8.17% 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 2,600 shares at the price of $86.41 back on Apr 15 ’24. After this action, Green Jeffrey Terry now owns 974,022 shares of Trade Desk Inc, valued at $224,666 using the latest closing price.
Green Jeffrey Terry, the President and CEO of Trade Desk Inc, sale 75,000 shares at $87.29 during a trade that took place back on Apr 04 ’24, which means that Green Jeffrey Terry is holding 976,622 shares at $6,546,437 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 19.22. 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 sum up, Trade Desk Inc (TTD) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
