As of Wednesday close, The Trade Desk Inc.’s (NASDAQ:TTD) stock was down -$0.77, moving down -0.97 percent to $78.29. The average number of shares traded per day over the past five days has been 3,536,140 shares. 1 time new highs have been achieved over the past 5 days, with a -$7.04 fall in that time frame. In the last twenty days, the average volume was 3,054,470, while in the previous 50 days, it was 4,600,818.
Since last month, TTD stock rose 6.75%. Shares of the company fell to $72.11 on 08/21/23, 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 74.64% or $33.46, and marked a new high 27 times. However, the stock has declined by -14.76% 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 6 days ago on Sep 15. Green Jeffrey Terry, the President and CEO of the company, disposed of 4,325 shares for $85.06 on Sep 15. It resulted in a $367,884 divestment by the insider. Green Jeffrey Terry sold 75,000 shares at an average price of $84.80 on Sep 14. The insider now owns 1,767,320 shares following the transaction. On Sep 13, Director Cunningham Andrea Lee sold 2,504 shares at $85.75 apiece. The transaction was valued at $214,718.
Valuation Metrics
Right now, The Trade Desk Inc. (TTD) has a P/E ratio of about 315.69. The stock’s beta is 1.72. Besides these, the trailing price-to-sales (P/S) ratio of 22.68, the price-to-book (PB) ratio of 18.46, and the price-to-cash flow ratio of 74.10 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 26.21%, the RSI 9-day stood at 35.59% on 20 September.
With respect to its five-day moving average, the current The Trade Desk Inc. price is down by -8.25% percent or -$7.04. At present, TTD shares trade +4.96% above its 20-day simple moving average and +21.91% percent above its 100-day simple moving average. However, the stock is currently trading approximately -5.32% below its SMA50 and +50.82% above its SMA200.
Stochastic coefficient K was 16.58% and Stochastic coefficient D was 39.17%, while ATR was 2.47. Given the Stochastic reading of 0.42% for the 14-day period, the RSI (14) reading has been calculated as 42.50%. As of today, the MACD Oscillator reading stands at -3.80, while the 14-day reading stands at -3.33.
Analyst Ratings
William Blair launched its rating on The Trade Desk Inc. (NASDAQ: TTD) to an Outperform in a note to investors on September 06, 2023. The Trade Desk Inc. (TTD) has been rated Overweight by analysts. According to 4 brokerage firms, TTD is a sell, and 4 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 3 analysts rate The Trade Desk Inc. stock as buy, with 20 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 $86.98.
