The stock of Trade Desk Inc (TTD) has gone up by 10.31% for the week, with a 8.27% rise in the past month and a 24.47% rise in the past quarter. The volatility ratio for the week is 3.49%, and the volatility levels for the past 30 days are 3.38% for TTD. The simple moving average for the past 20 days is 4.21% for TTD’s stock, with a 32.16% 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 210.09x compared to its average ratio. TTD has 36-month beta value of 1.43. Analysts have mixed views on the stock, with 23 analysts rating it as a “buy,” 5 as “overweight,” 5 as “hold,” and 4 as “sell.”
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The public float for TTD is 447.01M, and currently, short sellers hold a 2.62% ratio of that float. The average trading volume of TTD on November 26, 2024 was 3.11M shares.
TTD) stock’s latest price update
The stock of Trade Desk Inc (NASDAQ: TTD) has decreased by -0.27 when compared to last closing price of 129.70.Despite this, the company has seen a gain of 10.31% in its stock price over the last five trading days. fool.com reported 2024-11-25 that Nvidia has been one of the hottest stocks on the market in the past couple of years, as shares of the semiconductor giant have shot up remarkably thanks to the stunning demand for artificial intelligence (AI) chips deployed in data centers. However, a closer look at its returns in the past decade tells us that it may have made some investors millionaires during this period.
Analysts’ Opinion of TTD
Wells Fargo, on the other hand, stated in their research note that they expect to see TTD reach a price target of $150. The rating they have provided for TTD stocks is “Overweight” according to the report published on October 29th, 2024.
New Street gave a rating of “Sell” to TTD, setting the target price at $86 in the report published on October 29th of the current year.
TTD Trading at 9.75% 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 -2.49% of loss for the given period.
Volatility was left at 3.38%, however, over the last 30 days, the volatility rate increased by 3.49%, as shares surge +8.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.76% upper at present.
During the last 5 trading sessions, TTD rose by +10.31%, which changed the moving average for the period of 200-days by +81.39% in comparison to the 20-day moving average, which settled at $124.12. In addition, Trade Desk Inc saw 79.75% 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 3,131 shares at the price of $117.97 back on Nov 18 ’24. After this action, Schenkein Laura now owns 684,867 shares of Trade Desk Inc, valued at $369,364 using the latest closing price.
LAURA SCHENKEIN, the Officer of Trade Desk Inc, proposed sale 3,131 shares at $117.97 during a trade that took place back on Nov 18 ’24, which means that LAURA SCHENKEIN is holding shares at $369,364 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 27.24. 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
To put it simply, Trade Desk Inc (TTD) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
