Trade Desk Inc (NASDAQ: TTD)’s stock price has decreased by -3.12 compared to its previous closing price of 139.11. However, the company has seen a -0.29% decrease in its stock price over the last five trading sessions. youtube.com reported 2024-12-09 that Brian Vendig, MJP Wealth Advisors CIO, joins CNBC’s ‘Power Lunch’ to discuss three stocks.
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 218.89x. The 36-month beta value for TTD is also noteworthy at 1.43. There are mixed opinions on the stock, with 23 analysts rating it as a “buy,” 5 rating it as “overweight,” 7 rating it as “hold,” and 3 rating it as “sell.”
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The public float for TTD is 447.01M, and at present, short sellers hold a 2.32% of that float. The average trading volume of TTD on December 10, 2024 was 3.29M shares.
TTD’s Market Performance
The stock of Trade Desk Inc (TTD) has seen a -0.29% decrease in the past week, with a 1.69% rise in the past month, and a 35.16% gain in the past quarter. The volatility ratio for the week is 3.10%, and the volatility levels for the past 30 days are at 3.75% for TTD. The simple moving average for the last 20 days is 4.13% for TTD stock, with a simple moving average of 34.30% for the last 200 days.
Analysts’ Opinion of TTD
Many brokerage firms have already submitted their reports for TTD stocks, with Scotiabank repeating the rating for TTD by listing it as a “Sector Perform.” The predicted price for TTD in the upcoming period, according to Scotiabank is $133 based on the research report published on December 05, 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 $115, previously predicting the price at $85. The rating they have provided for TTD stocks is “Neutral” according to the report published on November 25th, 2024.
Wells Fargo gave a rating of “Overweight” to TTD, setting the target price at $150 in the report published on October 29th of the current year.
TTD Trading at 10.10% 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 -4.78% of loss for the given period.
Volatility was left at 3.75%, however, over the last 30 days, the volatility rate increased by 3.10%, as shares surge +7.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.13% upper at present.
During the last 5 trading sessions, TTD fell by -0.29%, which changed the moving average for the period of 200-days by +65.48% in comparison to the 20-day moving average, which settled at $129.43. In addition, Trade Desk Inc saw 87.28% 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 Jacobson Samantha, who sale 22,062 shares at the price of $128.25 back on Nov 29 ’24. After this action, Jacobson Samantha now owns 90,709 shares of Trade Desk Inc, valued at $2,829,525 using the latest closing price.
SAMANTHA JACOBSON, the Officer of Trade Desk Inc, proposed sale 22,062 shares at $128.25 during a trade that took place back on Nov 29 ’24, which means that SAMANTHA JACOBSON is holding shares at $2,829,541 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 28.4. 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 summary, Trade Desk Inc (TTD) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
