The stock of Trade Desk Inc (TTD) has seen a -9.34% decrease in the past week, with a -1.26% drop in the past month, and a 14.80% flourish in the past quarter. The volatility ratio for the week is 3.57%, and the volatility levels for the past 30 days are at 3.18% for TTD. The simple moving average for the past 20 days is -4.10% for TTD’s stock, with a 21.56% 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 190.45x, Company’s 36-month beta value is 1.43.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 446.99M, and currently, short sellers hold a 2.62% ratio of that floaft. The average trading volume of TTD on November 19, 2024 was 2.95M shares.
TTD) stock’s latest price update
Trade Desk Inc (NASDAQ: TTD) has experienced a decline in its stock price by -0.75 compared to its previous closing price of 118.15. However, the company has seen a fall of -9.34% in its stock price over the last five trading days. fool.com reported 2024-11-16 that Or is the share price too high right now?
Analysts’ Opinion of TTD
Many brokerage firms have already submitted their reports for TTD stocks, with Wells Fargo repeating the rating for TTD by listing it as a “Overweight.” The predicted price for TTD in the upcoming period, according to Wells Fargo is $150 based on the research report published on October 29, 2024 of the current year 2024.
New Street, on the other hand, stated in their research note that they expect to see TTD reach a price target of $86. The rating they have provided for TTD stocks is “Sell” according to the report published on October 29th, 2024.
Truist gave a rating of “Buy” to TTD, setting the target price at $120 in the report published on October 02nd of the current year.
TTD Trading at 1.43% 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 -11.60% of loss for the given period.
Volatility was left at 3.18%, however, over the last 30 days, the volatility rate increased by 3.57%, as shares sank -0.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.06% upper at present.
During the last 5 trading sessions, TTD fell by -9.34%, which changed the moving average for the period of 200-days by +67.51% in comparison to the 20-day moving average, which settled at $122.28. In addition, Trade Desk Inc saw 62.95% 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 LAURA SCHENKEIN, who proposed sale 3,131 shares at the price of $117.97 back on Nov 18 ’24. After this action, LAURA SCHENKEIN now owns shares of Trade Desk Inc, valued at $369,364 using the latest closing price.
Schenkein Laura, the Chief Financial Officer of Trade Desk Inc, sale 27,687 shares at $127.55 during a trade that took place back on Nov 07 ’24, which means that Schenkein Laura is holding 693,953 shares at $3,531,477 based on the most recent closing price.
Stock Fundamentals for TTD
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.81 for the gross margin
The net margin for Trade Desk Inc stands at 0.13. The total capital return value is set at 0.13. Equity return is now at value 12.89, with 6.15 for asset returns.
Currently, EBITDA for the company is 280.9 million with net debt to EBITDA at -2.11. When we switch over and look at the enterprise to sales, we see a ratio of 24.66. The receivables turnover for the company is 0.77for 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 1.85.
Conclusion
In a nutshell, Trade Desk Inc (TTD) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
