What’s The Trade Desk Inc. (TTD)’s Price to Earnings Ratio?


The Trade Desk Inc. (NASDAQ:TTD) saw an upside of 0.91% to close Tuesday at $47.62 after adding $0.43 on the day. The 5-day average trading volume is 3,613,180 shares of the company’s common stock. It has gained $48.12 in the past week and touched a new high 2 times within the past 5 days. An average of 3,539,245 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,208,450.

TTD’s 1-month performance is 2.25% or $2.74 on its low of $41.20 reached on 01/06/23. The company’s shares have touched a 52-week low of $39.00 and high of $86.88, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, TTD has achieved 6.22% or $2.79 and has reached a new high 6 times. However, the current price is down -45.19% from the 52-week high price.

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Insider Transactions

TTD stock investors last saw insider trading activity on Aug 16.GRAYSON BLAKE JEFFREY (Chief Financial Officer) most recently sold 1,137 shares at $74.96 per share on Aug 16. This transaction cost the insider $85,230. Chief Financial Officer, GRAYSON BLAKE JEFFREY, sold 3,676 shares at a price of $72.50 on Aug 10. Then, on Mar 29, Chief Financial Officer GRAYSON BLAKE JEFFREY sold 6,084 shares at a price of $72.50 per share. This transaction amounted to $441,090.

Valuation Metrics

TTD stock has a beta of 1.79. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 15.27 while the price-to-book (PB) in the most recent quarter is 12.15, with the price to cash flow ratio at 46.08.

The Trade Desk Inc.’s quick ratio for the period ended September 29 was 1.90, with the current ratio over the same period at 1.90.. In terms of profitability, the gross margin trailing 12 months is 81.90%. The firm’s gross profit as reported stood at $974.91 million against revenue of $1.2 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, The Trade Desk Inc.’s cash and short-term investments amounted to $326.75 million against total debt of $266.75 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -274.17% to $15.87 million, while revenue of -$19.07 million was 220.16% off the previous quarter. Analysts expected TTD to announce $0.22 per share in earnings in its latest quarter, but it posted $0.26, representing a 18.20% surprise. EBITDA for the quarter stood at more than $41.76 million. TTD stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 2.01 billion, with total debt at $266.75 million. Shareholders hold equity totaling $489.51 million.

Let’s look briefly at The Trade Desk Inc. (TTD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 59.54% to suggest the stock is trending Neutral, with historical volatility in this time period at 43.10%.

The stock’s 5-day moving average is $46.06, reflecting a +1.17% or $0.55 change from its current price. TTD is currently trading +6.06% above its 20-day SMA, -24.20% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +19.38% and SMA200 by-29.69%.

Stochastic %K and %D was 81.20% and 68.29% and the average true range (ATR) pointed at 2.14. The RSI (14) points at 54.51%, while the 14-day stochastic is at 92.77% with the period’s ATR at 2.27. The stock’s 9-day MACD Oscillator is pointing at 0.30 and 1.33 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for The Trade Desk Inc. (NASDAQ: TTD), New Street launched coverage with a Neutral rating. Analysts offering their rating for TTD stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate TTD as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 16 have offered a “buy” rating.

What is TTD’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $27.00 and a high of $90.00, with their median price target at $60.00. Looking at these predictions, the average price target given by analysts is for The Trade Desk Inc. (TTD) stock is $59.19.


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