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As of close of business last night, Trade Desk Inc’s stock clocked out at $100.09, up 0.61% from its previous closing price of $99.48. In other words, the price has increased by $0.61 from its previous closing price. On the day, 3.36 million shares were traded. TTD stock price reached its highest trading level at $102.14 during the session, while it also had its lowest trading level at $99.14.
Ratios:
To gain a deeper understanding of TTD’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 34.49 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 88.79. For the most recent quarter (mrq), Quick Ratio is recorded 1.79 and its Current Ratio is at 1.79. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.08.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Oppenheimer on Jul-16-24, Reiterated its Outperform rating but revised its target price to $120 from $105 previously.
On June 17, 2024, Wedbush started tracking the stock assigning a Outperform rating and target price of $110.
Jefferies Upgraded its Hold to Buy on May 02, 2024, whereas the target price for the stock was revised from $95 to $105.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jul 09 ’24 when Schenkein Laura sold 25,000 shares for $100.43 per share. The transaction valued at 2,510,750 led to the insider holds 703,038 shares of the business.
GRANT JAY R sold 141,434 shares of TTD for $13,778,463 on Jun 28 ’24. The Chief Legal Officer now owns 188,236 shares after completing the transaction at $97.42 per share. On Jun 21 ’24, another insider, Rajaram Gokul, who serves as the Director of the company, sold 2,415 shares for $97.92 each. As a result, the insider received 236,477 and left with 34,056 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TTD now has a Market Capitalization of 48956719104 and an Enterprise Value of 47476461568. As of this moment, Trade’s Price-to-Earnings (P/E) ratio for their current fiscal year is 248.55, and their Forward P/E ratio for the next fiscal year is 56.71. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 10.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 23.83 while its Price-to-Book (P/B) ratio in mrq is 22.58. Its current Enterprise Value per Revenue stands at 23.108 whereas that against EBITDA is 147.758.
Stock Price History:
The Beta on a monthly basis for TTD is 1.47, which has changed by 0.12368691 over the last 52 weeks, in comparison to a change of 0.23279357 over the same period for the S&P500. Over the past 52 weeks, TTD has reached a high of $102.67, while it has fallen to a 52-week low of $60.23. The 50-Day Moving Average of the stock is 5.74%, while the 200-Day Moving Average is calculated to be 24.07%.
Shares Statistics:
It appears that TTD traded 3.54M shares on average per day over the past three months and 3268590 shares per day over the past ten days. A total of 445.00M shares are outstanding, with a floating share count of 441.54M. Insiders hold about 9.73% of the company’s shares, while institutions hold 68.44% stake in the company. Shares short for TTD as of 1719532800 were 10162227 with a Short Ratio of 2.87, compared to 1717113600 on 9142429. Therefore, it implies a Short% of Shares Outstanding of 10162227 and a Short% of Float of 2.3.
