Balance Sheet Insights: Trade Desk Inc (TTD)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

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In the latest session, Trade Desk Inc (NASDAQ: TTD) closed at $86.18 down -1.54% from its previous closing price of $87.53. In other words, the price has decreased by -$1.54 from its previous closing price. On the day, 3.27 million shares were traded. TTD stock price reached its highest trading level at $87.79 during the session, while it also had its lowest trading level at $85.58.

Ratios:

For a deeper understanding of Trade Desk Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 29.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 76.42. 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 the company, Jefferies on May 02, 2024, Upgraded its rating to Buy and sets its target price to $105 from $95 previously.

On February 23, 2024, BTIG Research reiterated its Buy rating and also lowered its target price recommendation from $91 to $98.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 30 ’24 when Green Jeffrey Terry sold 63,936 shares for $84.08 per share. The transaction valued at 5,375,807 led to the insider holds 760,086 shares of the business.

Green Jeffrey Terry sold 75,000 shares of TTD for $6,335,331 on Apr 29 ’24. The President and CEO now owns 824,022 shares after completing the transaction at $84.47 per share. On Apr 26 ’24, another insider, Green Jeffrey Terry, who serves as the President and CEO of the company, sold 75,000 shares for $85.13 each. As a result, the insider received 6,384,750 and left with 899,022 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 42813276160 and an Enterprise Value of 40971071488. As of this moment, Trade’s Price-to-Earnings (P/E) ratio for their current fiscal year is 214.01, and their Forward P/E ratio for the next fiscal year is 48.01. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 20.51 while its Price-to-Book (P/B) ratio in mrq is 19.44. Its current Enterprise Value per Revenue stands at 19.941 whereas that against EBITDA is 127.512.

Stock Price History:

Over the past 52 weeks, TTD has reached a high of $94.00, while it has fallen to a 52-week low of $60.23. The 50-Day Moving Average of the stock is 2.46%, while the 200-Day Moving Average is calculated to be 11.29%.

Shares Statistics:

For the past three months, TTD has traded an average of 4.29M shares per day and 4539820 over the past ten days. A total of 445.00M shares are outstanding, with a floating share count of 441.20M. Insiders hold about 9.76% of the company’s shares, while institutions hold 68.02% stake in the company. Shares short for TTD as of 1714435200 were 9023901 with a Short Ratio of 2.10, compared to 1711584000 on 9137943. Therefore, it implies a Short% of Shares Outstanding of 9023901 and a Short% of Float of 2.0499999.

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