The Trade Desk Inc. (NASDAQ:TTD) finished Thursday with a subtraction of -$3.84 to close at $77.09, a downside of -4.74 percent. An average of 5,193,680 shares of common stock have been traded in the last five days. There was a fall of -$7.67 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 6,252,410 shares traded, while the 50-day average volume stands at 4,675,856.
TTD stock has decreased by -8.78% in the last month. The company shares reached their 1-month lowest point of $76.39 on 07/11/23. With the stock rallying to its 52-week high on 07/31/23, shares of the company touched a low of $39.43 and a high of $91.85 in 52 weeks. It has reached a new high 27 times so far this year and achieved 71.96% or $32.26 in price. In spite of this, the price is down -16.07% from the 52-week high.
Insider Transactions
TTD stock investors should be aware that The Trade Desk Inc. (TTD) stock had its last reported insider trading activity 23 days ago on Jul 19. In this transaction, the insider spent $262,862. Chief Legal Officer, GRANT JAY R, disposed of 38,980 shares at a price of $88.88 on Jul 13. The insider now owns more than $3,464,610 worth of shares. Prior to that, Director Rajaram Gokul went on to Sale 11,995 shares at $90.00 each on Jul 13. An amount of $1,079,550 was transacted.
Valuation Metrics
The Trade Desk Inc. (TTD) has a trailing price-to-earnings (P/E) ratio of 539.09. The stock’s beta is 1.72. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 22.88, the price-to-book (PB) ratio at 19.47, and the price-to-cash flow ratio at 75.66.
Financial Health
The quick ratio of The Trade Desk Inc. for the three months ended June 29 was 1.90, and the current ratio was 1.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. The Trade Desk Inc.’s EBITDA margin for the year ending June 29 is 13.45%, while its operating margin for the same period stands at 6.50%. Its gross profit as reported stood at $1.3 billion compared to revenue of $1.58 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, The Trade Desk Inc.’s return on assets was 1.90%.
Earnings Surprise
For the three-month period that ended June 29, The Trade Desk Inc. had $465.11 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $32.94 million in the quarter, while revenues of $9.33 million were grew 157.89%. The analyst consensus anticipated The Trade Desk Inc.’s latest quarter earnings to come in at $0.26 per share, but it turned out to be $0.28, a 7.70% surprise. For the quarter, EBITDA amounted to $61.74 million. Shareholders own equity worth $490.2 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at The Trade Desk Inc. (TTD) price momentum. RSI 9-day as of the close on 10 August was 28.60%, suggesting the stock is oversold, with historical volatility in this time frame at 33.16%.
As of today, TTD’s price is $82.79 -9.05% or -$7.67 from its 5-day moving average. TTD is currently trading -11.40% lower than its 20-day SMA and +31.76% higher than its 100-day SMA. However, the stock’s current price level is +10.16% above the SMA50 and +35.41% above the SMA200.
The stochastic %K and %D were 13.54% and 24.29%, respectively, and the average true range (ATR) was 3.39. With the 14-day stochastic at 4.47% and the average true range at 3.27, the RSI (14) stands at 37.38%. The stock has reached -4.08 on the 9-day MACD Oscillator while the 14-day reading was at -4.06.
Analyst Ratings
The Benchmark Company reiterated its a Sell rating on The Trade Desk Inc. (NASDAQ: TTD), but raised their price target to $38, indicating a potential price decrease of -102.87% for the stock. The consensus rating for The Trade Desk Inc. (TTD) among analysts is Overweight. According to current brokerage recommendations, 4 brokerage firms advise that investors sell TTD, while 5 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 19 others rate it as a “buy”.
What is TTD’s price target for the next 12 months?
Analysts predict a range of price targets between $28.00 and $105.00, with a median target of $93.50. Taking a look at these predictions, the average price target given by analysts for The Trade Desk Inc. (TTD) stock is $86.33.
