The Trade Desk Inc. (NASDAQ:TTD) saw an upside of 1.13% to close Monday at $85.80 after adding $0.96 on the day. The 5-day average trading volume is 2,730,380 shares of the company’s common stock. It has gained $90.67 in the past week and touched a new high 1 time within the past 5 days. An average of 6,299,770 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,408,740.
TTD’s 1-month performance is 13.19% or $10.00 on its low of $74.99 reached on 07/10/23. The company’s shares have touched a 52-week low of $39.43 and high of $91.85, with the stock’s rally to the 52-week high happening on 07/31/23. YTD, TTD has achieved 91.39% or $40.97 and has reached a new high 27 times. However, the current price is down -6.59% from the 52-week high price.
Insider Transactions
TTD stock investors last saw insider trading activity on Jul 19.Rajaram Gokul (Director) most recently sold 2,999 shares at $87.65 per share on Jul 19. This transaction cost the insider $262,862. Chief Legal Officer, GRANT JAY R, sold 38,980 shares at a price of $88.88 on Jul 13. Then, on Jul 13, Director Rajaram Gokul sold 11,995 shares at a price of $90.00 per share. This transaction amounted to $1,079,550.
Valuation Metrics
TTD stock has a beta of 1.71. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 25.47 while the price-to-book (PB) in the most recent quarter is 21.67, with the price to cash flow ratio at 84.21.
The Trade Desk Inc.’s quick ratio for the period ended March 30 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 81.60%. The trailing 12-month EBITDA margin is 13.45% while for the period ending March 30, The Trade Desk Inc.’s operating margin was 6.50%. The firm’s gross profit as reported stood at $1.3 billion against revenue of $1.58 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, The Trade Desk Inc.’s cash and short-term investments amounted to $437.73 million against total debt of $253.78 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 256.48% to $9.33 million, while revenue of $71.19 million was -663.02% off the previous quarter. Analysts expected TTD to announce $0.12 per share in earnings in its latest quarter, but it posted $0.23, representing a 91.70% surprise. EBITDA for the quarter stood at more than -$4.01 million. TTD stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 2.06 billion, with total debt at $253.78 million. Shareholders hold equity totaling $488.85 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 07 August was 51.33% to suggest the stock is trending Neutral, with historical volatility in this time period at 40.66%.
The stock’s 5-day moving average is $86.42, reflecting a -5.98% or -$5.46 change from its current price. TTD is currently trading +13.03% above its 20-day SMA, +51.78% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +29.41% and SMA200 by+52.15%.
Stochastic %K and %D was 32.43% and 40.13% and the average true range (ATR) pointed at 3.12. The RSI (14) points at 54.93%, while the 14-day stochastic is at 39.13% with the period’s ATR at 3.09. The stock’s 9-day MACD Oscillator is pointing at -1.95 and -1.01 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for The Trade Desk Inc. (NASDAQ: TTD), BTIG Research upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for TTD stock have a consensus rating for the stock as Overweight. Currently, 4 brokerage advisors rate TTD as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 19 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 $28.00 and a high of $105.00, with their median price target at $82.45. Looking at these predictions, the average price target given by analysts is for The Trade Desk Inc. (TTD) stock is $80.75.
