In the past week, TTD stock has gone down by -10.56%, with a monthly decline of -17.45% and a quarterly plunge of -6.91%. The volatility ratio for the week is 4.72%, and the volatility levels for the last 30 days are 3.83% for Trade Desk Inc The simple moving average for the past 20 days is -13.34% for TTD’s stock, with a 0.94% simple moving average for the past 200 days.
Is It Worth Investing in Trade Desk Inc (NASDAQ: TTD) Right Now?
The price-to-earnings ratio for Trade Desk Inc (NASDAQ: TTD) is above average at 204.79x. The 36-month beta value for TTD is also noteworthy at 1.48. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for TTD is 441.54M, and at present, short sellers hold a 2.43% of that float. The average trading volume of TTD on August 05, 2024 was 3.70M shares.
TTD) stock’s latest price update
Trade Desk Inc (NASDAQ: TTD) has seen a decline in its stock price by -0.73 in relation to its previous close of 83.08. However, the company has experienced a -10.56% decline in its stock price over the last five trading sessions. zacks.com reported 2024-08-05 that Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock’s price, do they really matter?
Analysts’ Opinion of TTD
Many brokerage firms have already submitted their reports for TTD stocks, with Wolfe Research repeating the rating for TTD by listing it as a “Outperform.” The predicted price for TTD in the upcoming period, according to Wolfe Research is $115 based on the research report published on July 16, 2024 of the current year 2024.
Oppenheimer, on the other hand, stated in their research note that they expect to see TTD reach a price target of $120, previously predicting the price at $105. The rating they have provided for TTD stocks is “Outperform” according to the report published on July 15th, 2024.
Wedbush gave a rating of “Outperform” to TTD, setting the target price at $110 in the report published on June 17th of the current year.
TTD Trading at -13.87% 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 -19.67% of loss for the given period.
Volatility was left at 3.83%, however, over the last 30 days, the volatility rate increased by 4.72%, as shares sank -17.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.30% lower at present.
During the last 5 trading sessions, TTD fell by -11.41%, which changed the moving average for the period of 200-days by +2.64% in comparison to the 20-day moving average, which settled at $94.29. In addition, Trade Desk Inc saw 14.61% 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 Rajaram Gokul, who sale 1,355 shares at the price of $98.37 back on Jul 22 ’24. After this action, Rajaram Gokul now owns 32,701 shares of Trade Desk Inc, valued at $133,291 using the latest closing price.
Schenkein Laura, the Chief Financial Officer of Trade Desk Inc, sale 25,000 shares at $100.43 during a trade that took place back on Jul 09 ’24, which means that Schenkein Laura is holding 703,038 shares at $2,510,750 based on the most recent closing price.
Stock Fundamentals for TTD
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.82 for the gross margin
The net margin for Trade Desk Inc stands at 0.1. The total capital return value is set at 0.11. Equity return is now at value 9.80, with 4.65 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 2.51. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is -4.67.
Currently, EBITDA for the company is 281.89 million with net debt to EBITDA at -2.02. When we switch over and look at the enterprise to sales, we see a ratio of 19.53. The receivables turnover for the company is 0.78for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.79.
Conclusion
In summary, Trade Desk Inc (TTD) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
