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In the latest session, Trade Desk Inc (NASDAQ: TTD) closed at $99.82 down -1.67% from its previous closing price of $101.52. In other words, the price has decreased by -$1.67 from its previous closing price. On the day, 4.39 million shares were traded. TTD stock price reached its highest trading level at $102.67 during the session, while it also had its lowest trading level at $98.1.
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 34.39 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 88.55. 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, Wedbush on June 17, 2024, initiated with a Outperform rating and assigned the stock a target price of $110.
On May 02, 2024, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $95 to $105.
BTIG Research reiterated its Buy rating for the stock on February 23, 2024, while the target price for the stock was revised 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 Jun 28 ’24 when GRANT JAY R sold 141,434 shares for $97.42 per share. The transaction valued at 13,778,463 led to the insider holds 188,236 shares of the business.
Rajaram Gokul sold 2,415 shares of TTD for $236,477 on Jun 21 ’24. The Director now owns 34,056 shares after completing the transaction at $97.92 per share. On Jun 14 ’24, another insider, Schenkein Laura, who serves as the Chief Financial Officer of the company, sold 43,705 shares for $95.38 each. As a result, the insider received 4,168,667 and left with 703,038 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 49656156160 and an Enterprise Value of 47642763264. As of this moment, Trade’s Price-to-Earnings (P/E) ratio for their current fiscal year is 247.88, and their Forward P/E ratio for the next fiscal year is 56.49. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 10.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 23.76 while its Price-to-Book (P/B) ratio in mrq is 22.52. Its current Enterprise Value per Revenue stands at 23.189 whereas that against EBITDA is 148.276.
Stock Price History:
The Beta on a monthly basis for TTD is 1.48, which has changed by 0.14722443 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, TTD has reached a high of $101.62, while it has fallen to a 52-week low of $60.23. The 50-Day Moving Average of the stock is 6.48%, while the 200-Day Moving Average is calculated to be 24.28%.
Shares Statistics:
For the past three months, TTD has traded an average of 3.49M shares per day and 3116950 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 68.46% stake in the company. Shares short for TTD as of 1718323200 were 9339482 with a Short Ratio of 2.68, compared to 1715731200 on 9168396. Therefore, it implies a Short% of Shares Outstanding of 9339482 and a Short% of Float of 2.12.
