The stock of Trade Desk Inc (TTD) has seen a 0.65% increase in the past week, with a 8.71% gain in the past month, and a 32.44% flourish in the past quarter. The volatility ratio for the week is 2.49%, and the volatility levels for the past 30 days are at 2.34% for TTD. The simple moving average for the past 20 days is 2.64% for TTD’s stock, with a 28.91% simple moving average for the past 200 days.
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 234.77x compared to its average ratio, The 36-month beta value for TTD is at 1.48. 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 446.32M, and currently, shorts hold a 2.66% of that float. The average trading volume for TTD on October 29, 2024 was 2.96M shares.
TTD) stock’s latest price update
Trade Desk Inc (NASDAQ: TTD)’s stock price has gone decline by -0.41 in comparison to its previous close of 119.47, however, the company has experienced a 0.65% increase in its stock price over the last five trading days. investors.com reported 2024-10-28 that This digital advertising stock is in a bullish chart pattern and reached an all-time high. The company reports Q3 earnings next week.
Analysts’ Opinion of TTD
Many brokerage firms have already submitted their reports for TTD stocks, with Truist repeating the rating for TTD by listing it as a “Buy.” The predicted price for TTD in the upcoming period, according to Truist is $120 based on the research report published on October 02, 2024 of the current year 2024.
Needham, on the other hand, stated in their research note that they expect to see TTD reach a price target of $125, previously predicting the price at $115. The rating they have provided for TTD stocks is “Buy” according to the report published on October 01st, 2024.
MoffettNathanson gave a rating of “Neutral” to TTD, setting the target price at $100 in the report published on September 23rd of the current year.
TTD Trading at 8.79% 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 -2.03% of loss for the given period.
Volatility was left at 2.34%, however, over the last 30 days, the volatility rate increased by 2.49%, as shares surge +8.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.30% upper at present.
During the last 5 trading sessions, TTD rose by +0.65%, which changed the moving average for the period of 200-days by +74.76% in comparison to the 20-day moving average, which settled at $115.92. In addition, Trade Desk Inc saw 65.34% 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 Schenkein Laura, who sale 25,000 shares at the price of $120.43 back on Oct 22 ’24. After this action, Schenkein Laura now owns 693,953 shares of Trade Desk Inc, valued at $3,010,750 using the latest closing price.
Rajaram Gokul, the Director of Trade Desk Inc, sale 1,355 shares at $117.89 during a trade that took place back on Oct 21 ’24, which means that Rajaram Gokul is holding 28,636 shares at $159,741 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 26.43. 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.
