The stock of Trade Desk Inc (NASDAQ: TTD) has increased by 0.45 when compared to last closing price of 105.37. Despite this, the company has experienced a 6.15% gain in its stock price over the last five trading sessions. fool.com reported 2024-09-17 that Cathie Wood owns The Trade Desk stock in two of her ETFs, but recently she sold some of the shares. The Trade Desk has a huge market opportunity and a platform that provides clients with incredible data-based services.
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 208.84x, Company’s 36-month beta value is 1.48.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for TTD is 441.98M, and currently, short sellers hold a 2.35% ratio of that floaft. The average trading volume of TTD on September 18, 2024 was 3.44M shares.
TTD’s Market Performance
The stock of Trade Desk Inc (TTD) has seen a 6.15% increase in the past week, with a 4.35% rise in the past month, and a 8.35% gain in the past quarter. The volatility ratio for the week is 2.62%, and the volatility levels for the past 30 days are at 2.63% for TTD. The simple moving average for the last 20 days is 2.85% for TTD stock, with a simple moving average of 23.10% for the last 200 days.
Analysts’ Opinion of TTD
Many brokerage firms have already submitted their reports for TTD stocks, with Cantor Fitzgerald repeating the rating for TTD by listing it as a “Neutral.” The predicted price for TTD in the upcoming period, according to Cantor Fitzgerald is $110 based on the research report published on September 05, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see TTD reach a price target of $135. The rating they have provided for TTD stocks is “Buy” according to the report published on September 04th, 2024.
Wolfe Research gave a rating of “Outperform” to TTD, setting the target price at $115 in the report published on July 16th of the current year.
TTD Trading at 8.05% 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 -1.68% of loss for the given period.
Volatility was left at 2.63%, however, over the last 30 days, the volatility rate increased by 2.62%, as shares surge +3.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.82% upper at present.
During the last 5 trading sessions, TTD rose by +6.15%, which changed the moving average for the period of 200-days by +50.40% in comparison to the 20-day moving average, which settled at $103.07. In addition, Trade Desk Inc saw 47.08% 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 283,429 shares at the price of $104.20 back on Aug 26 ’24. After this action, Green Jeffrey Terry now owns 380,832 shares of Trade Desk Inc, valued at $29,533,358 using the latest closing price.
Green Jeffrey Terry, the President and CEO of Trade Desk Inc, sale 135,922 shares at $103.72 during a trade that took place back on Aug 22 ’24, which means that Green Jeffrey Terry is holding 664,261 shares at $14,098,381 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 23.46. 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 a nutshell, Trade Desk Inc (TTD) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
