Trade Desk Inc (NASDAQ: TTD) has experienced a decline in its stock price by -2.28 compared to its previous closing price of 99.30. However, the company has seen a gain of 16.61% in its stock price over the last five trading days. benzinga.com reported 2024-08-12 that Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
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 191.48x compared to its average ratio, The 36-month beta value for TTD is at 1.43. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for TTD is 441.54M, and currently, shorts hold a 2.22% of that float. The average trading volume for TTD on August 13, 2024 was 3.79M shares.
TTD’s Market Performance
TTD’s stock has seen a 16.61% increase for the week, with a -2.45% drop in the past month and a 11.21% gain in the past quarter. The volatility ratio for the week is 5.12%, and the volatility levels for the past 30 days are at 4.66% for Trade Desk Inc The simple moving average for the past 20 days is 5.18% for TTD’s stock, with a 18.34% simple moving average for the past 200 days.
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 2.04% 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 -5.48% of loss for the given period.
Volatility was left at 4.66%, however, over the last 30 days, the volatility rate increased by 5.12%, as shares sank -3.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.55% upper at present.
During the last 5 trading sessions, TTD rose by +16.61%, which changed the moving average for the period of 200-days by +26.82% in comparison to the 20-day moving average, which settled at $92.11. In addition, Trade Desk Inc saw 34.85% 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 Jacobson Samantha, who proposed sale 21,162 shares at the price of $99.50 back on Aug 12 ’24. After this action, Jacobson Samantha now owns shares of Trade Desk Inc, valued at $2,105,619 using the latest closing price.
Rajaram Gokul, the Director of Trade Desk Inc, sale 1,355 shares at $98.37 during a trade that took place back on Jul 22 ’24, which means that Rajaram Gokul is holding 32,701 shares at $133,291 based on the most recent closing price.
Stock Fundamentals for TTD
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.81 for the gross margin
The net margin for Trade Desk Inc stands at 0.12. The total capital return value is set at 0.12. Equity return is now at value 11.32, with 5.33 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 2.08. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is -8.35.
Currently, EBITDA for the company is 281.89 million with net debt to EBITDA at -1.91. When we switch over and look at the enterprise to sales, we see a ratio of 21.48. The receivables turnover for the company is 0.75for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.80.
Conclusion
In conclusion, Trade Desk Inc (TTD) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
