The stock of The Trade Desk Inc. (NASDAQ:TTD) increased by $0.64 on Monday to finish at $75.26, up 0.86 percent. The last five days have seen an average of 6,109,580 shares of common stock traded. 27 times new highs were reached in the current year, with a gain of $30.43. The average number of shares traded over the last 20 days was 4,799,325, while the average volume over the last 50 days totaled 4,705,150.
TTD stock dropped -14.48% since last month. On 08/14/23, the company’s shares reached a one-month low of $73.84. The stock touched a high of $91.85 on 07/31/23, after rallying from a low of $39.43 in 52 weeks. The price of TTD stock has risen by 67.88% or $30.43 this year, reaching a new high 27 times. Still, the stock price is down -18.06% 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 27 days ago on Jul 19. On Jul 19, Director Rajaram Gokul sold 2,999 shares at $87.65 each. This transaction resulted in the insider making $262,862. On Jul 13, GRANT JAY R sold 38,980 shares at a price of US$88.88. After the transaction, the insider now owns 162,628 shares. Director Rajaram Gokul had earlier sold 11,995 shares on Jul 13 for $90.00 a share. The transaction was completed for $1,079,550.
Valuation Metrics
The Trade Desk Inc. (TTD) has a trailing price-to-earnings (P/E) ratio of 303.47. Beta for the stock is 1.73. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 21.94, the price-to-book (PB) ratio of 17.75, and the price-to-cash flow ratio of 71.67.
Financial Health
For the three months ended June 29, The Trade Desk Inc.’s quick ratio was 1.90, while its current ratio was 1.90, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 81.50% percent. The Trade Desk Inc.’s EBITDA margin for the year ended June 29 was 13.45%, whereas its operating margin stood at 8.50% for the same period. Based on annual data, it had gross profit of $1.3 billion and revenue of $1.58 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TTD’s return on assets (ROA) during the last 12 months has been 3.10%. There was a 1.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 6.40%.
Earnings Surprise
According to The Trade Desk Inc.’s quarterly financial report for the quarter that ended June 29, it had $465.11 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $464.25 million, while revenues rose by 18.8% to $382.8 million. It was predicted that The Trade Desk Inc.’s quarterly earnings would be $0.28, but it ended up being $0.26, beating the consensus by 7.70%. EBITDA was $61.74 million for the quarter. At the end of The Trade Desk Inc.’s most recent quarter ended June 29, its liabilities totaled 2.28 billion, while its total debt was $252.87 million. Equity owned by shareholders amounts to $490.2 million.
Technical Picture
Here’s a quick look at The Trade Desk Inc.’s (TTD) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 27.62%, suggesting the stock is oversold, with a 32.91% historical volatility rate.
The stochastic %K and %D were 5.17% and 7.31% respectively, while the average true range (ATR) was 3.15. Based on the 14-day stochastic reading of 7.88%, the RSI (14) reading is 35.58%. On the 9-day MACD Oscillator, the stock is at -6.04, and the 14-day reading is at -8.41.
Analyst Ratings
In a note to investors, The Benchmark Company maintained its a Sell rating on The Trade Desk Inc. (NASDAQ: TTD). However, the firm raised their price target to $42, indicating a possible decrease of -98.05% in the stock price.
What is TTD’s price target for the next 12 months?
The current consensus forecast for the stock is between $28.00 and $105.00, with a median target price of $93.50. In analyzing these forecasts, the average price target given by analysts for The Trade Desk Inc. (TTD) is $86.33.
