The price-to-earnings ratio for Trade Desk Inc (NASDAQ: TTD) is above average at 218.97x, Company’s 36-month beta value is 1.43.Analysts have differing opinions on the stock, with 23 analysts rating it as a “buy,” 5 as “overweight,” 6 as “hold,” and 3 as “sell.”
The public float for TTD is 447.01M, and currently, short sellers hold a 2.32% ratio of that floaft. The average trading volume of TTD on December 02, 2024 was 3.21M shares.
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TTD) stock’s latest price update
Trade Desk Inc (NASDAQ: TTD)’s stock price has increased by 4.88 compared to its previous closing price of 128.55. However, the company has seen a 3.95% increase in its stock price over the last five trading sessions. zacks.com reported 2024-11-27 that The Trade Desk (TTD) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
TTD’s Market Performance
Trade Desk Inc (TTD) has seen a 3.95% rise in stock performance for the week, with a 12.15% gain in the past month and a 33.52% surge in the past quarter. The volatility ratio for the week is 2.36%, and the volatility levels for the past 30 days are at 3.38% for TTD. The simple moving average for the last 20 days is 7.00% for TTD stock, with a simple moving average of 36.19% for the last 200 days.
Analysts’ Opinion of TTD
Many brokerage firms have already submitted their reports for TTD stocks, with New Street repeating the rating for TTD by listing it as a “Neutral.” The predicted price for TTD in the upcoming period, according to New Street is $115 based on the research report published on November 25, 2024 of the current year 2024.
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 12.73% 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 able to rebound, for now settling with 1.64% of gains for the given period.
Volatility was left at 3.38%, however, over the last 30 days, the volatility rate increased by 2.36%, as shares surge +13.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.63% upper at present.
During the last 5 trading sessions, TTD rose by +4.39%, which changed the moving average for the period of 200-days by +78.83% in comparison to the 20-day moving average, which settled at $126.03. In addition, Trade Desk Inc saw 87.35% 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 SAMANTHA JACOBSON, who proposed sale 22,062 shares at the price of $128.25 back on Nov 29 ’24. After this action, SAMANTHA JACOBSON now owns shares of Trade Desk Inc, valued at $2,829,541 using the latest closing price.
Schenkein Laura, the Chief Financial Officer of Trade Desk Inc, sale 3,131 shares at $117.97 during a trade that took place back on Nov 18 ’24, which means that Schenkein Laura is holding 684,867 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 28.36. 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 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.
