Trade Desk Inc (NASDAQ: TTD) has a price-to-earnings ratio of 214.15x that is above its average ratio. Additionally, the 36-month beta value for TTD is 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.”
The public float for TTD is 441.98M and currently, short sellers hold a 2.35% ratio of that float. The average trading volume of TTD on September 24, 2024 was 3.44M shares.
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TTD) stock’s latest price update
The stock price of Trade Desk Inc (NASDAQ: TTD) has plunged by -0.89 when compared to previous closing price of 109.51, but the company has seen a 3.00% gain in its stock price over the last five trading sessions. youtube.com reported 2024-09-23 that The Investment Committee debate the latest Calls Of The Day.
TTD’s Market Performance
Trade Desk Inc (TTD) has seen a 3.00% rise in stock performance for the week, with a 5.20% gain in the past month and a 13.34% surge in the past quarter. The volatility ratio for the week is 2.22%, and the volatility levels for the past 30 days are at 2.68% for TTD. The simple moving average for the past 20 days is 4.39% for TTD’s stock, with a 25.12% simple moving average for the past 200 days.
Analysts’ Opinion of TTD
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see TTD reach a price target of $110. The rating they have provided for TTD stocks is “Neutral” according to the report published on September 05th, 2024.
BofA Securities gave a rating of “Buy” to TTD, setting the target price at $135 in the report published on September 04th of the current year.
TTD Trading at 10.02% 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 -2.92% of loss for the given period.
Volatility was left at 2.68%, however, over the last 30 days, the volatility rate increased by 2.22%, as shares surge +3.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.10% upper at present.
During the last 5 trading sessions, TTD rose by +3.00%, which changed the moving average for the period of 200-days by +58.83% in comparison to the 20-day moving average, which settled at $104.14. In addition, Trade Desk Inc saw 50.82% 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 proposed sale 200,000 shares at the price of $108.36 back on Sep 23 ’24. After this action, Green Jeffrey Terry now owns shares of Trade Desk Inc, valued at $21,672,000 using the latest closing price.
Green Jeffrey Terry, the Officer of Trade Desk Inc, proposed sale 200,000 shares at $109.57 during a trade that took place back on Sep 20 ’24, which means that Green Jeffrey Terry is holding shares at $21,914,000 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 24.07. 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 seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
