As of Wednesday close, The Trade Desk Inc.’s (NASDAQ:TTD) stock was up $1.48, moving up 1.88 percent to $80.28. The average number of shares traded per day over the past five days has been 2,347,620 shares. 3 times new highs have been achieved over the past 5 days, with a $2.61 gain in that time frame. In the last twenty days, the average volume was 3,653,410, while in the previous 50 days, it was 4,535,312.
Since last month, TTD stock retreated -10.85%. Shares of the company fell to $69.72 on 08/18/23, the lowest level in the past month. A 52-week high of $91.85 was reached on 07/31/23 after having rallying from a 52-week low of $39.43. Since the beginning of this year, TTD’s stock price has risen by 79.08% or $35.45, and marked a new high 27 times. However, the stock has declined by -12.60% since its 52-week high.
TTD stock investors should be aware that The Trade Desk Inc. (TTD) stock had its last reported insider trading activity 8 days ago on Aug 23. GRANT JAY R, the Chief Legal Officer of the company, disposed of 1,427 shares for $75.03 on Aug 23. It resulted in a $107,068 divestment by the insider. Rajaram Gokul sold 2,999 shares at an average price of $73.74 on Aug 16. The insider now owns 51,307 shares following the transaction. On Jul 19, Director Rajaram Gokul sold 2,999 shares at $87.65 apiece. The transaction was valued at $262,862.
Valuation Metrics
Right now, The Trade Desk Inc. (TTD) has a P/E ratio of about 323.71. The stock’s beta is 1.72. Besides these, the trailing price-to-sales (P/S) ratio of 22.29, the price-to-book (PB) ratio of 18.93, and the price-to-cash flow ratio of 72.84 may also be considered.
Financial Health
In the three months ended June 29, The Trade Desk Inc.’s quick ratio stood at 1.90, while its current ratio was 1.90, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 81.50% percent. In the year ended June 29, EBITDA margin amounted to 13.45%, whereas operating margins totaled 8.50%. Based on annual data, TTD earned $1.3 billion in gross profit and brought in $1.58 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 1.90%. Return on equity (ROE) for the past 12 months was 6.40%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TTD’s revenue rose 18.8% to $382.8 million during the quarter, while net income inched up to $464.25 million. While analysts expected The Trade Desk Inc. to report $0.26 quarterly earnings, the actual figure was $0.28 per share, beating the consensus estimate by 7.70%. During the quarter, the company generated $61.74 million in EBITDA. The liabilities of The Trade Desk Inc. were 2.28 billion at the end of its most recent quarter ended June 29, and its total debt was $252.87 million. The value of shareholders’ equity is $490.2 million.
Technical Picture
This quick technical analysis looks at The Trade Desk Inc.’s (TTD) price momentum. With a historical volatility rate of 32.99%, the RSI 9-day stood at 59.90% on 30 August.
With respect to its five-day moving average, the current The Trade Desk Inc. price is up by +3.36% percent or $2.61. At present, TTD shares trade -7.34% below its 20-day simple moving average and +31.93% percent above its 100-day simple moving average. However, the stock is currently trading approximately +6.08% above its SMA50 and +68.97% above its SMA200.
Stochastic coefficient K was 72.78% and Stochastic coefficient D was 54.23%, while ATR was 2.69. Given the Stochastic reading of 98.78% for the 14-day period, the RSI (14) reading has been calculated as 54.40%. As of today, the MACD Oscillator reading stands at 2.49, while the 14-day reading stands at 3.36.
Analyst Ratings
Robert W. Baird launched its rating on The Trade Desk Inc. (NASDAQ: TTD) to an Outperform in a note to investors on August 18, 2023. The Trade Desk Inc. (TTD) has been rated Overweight by analysts. According to 4 brokerage firms, TTD is a sell, and 5 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate The Trade Desk Inc. stock as buy, with 19 recommending it as overweight.
With a median target price of $93.50, the current consensus forecast for the stock is $28.00 – $105.00. Based on these forecasts, analysts predict The Trade Desk Inc. (TTD) will achieve an average price target of $86.62.
