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In the latest session, Trade Desk Inc (NASDAQ: TTD) closed at $119.42 up 1.84% from its previous closing price of $117.26. In other words, the price has increased by $1.84 from its previous closing price. On the day, 3.75 million shares were traded. TTD stock price reached its highest trading level at $119.61 during the session, while it also had its lowest trading level at $116.04.
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 34.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 111.65. For the most recent quarter (mrq), Quick Ratio is recorded 1.85 and its Current Ratio is at 1.85. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.09.
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, Wells Fargo on October 29, 2024, initiated with a Overweight rating and assigned the stock a target price of $150.
On October 29, 2024, New Street Downgraded its rating to Sell which previously was Neutral but kept the price unchanged to $86.
Truist reiterated its Buy rating for the stock on October 02, 2024, while the target price for the stock was revised from $108 to $120.
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 Nov 18 ’24 when Schenkein Laura sold 3,131 shares for $117.97 per share. The transaction valued at 369,364 led to the insider holds 684,867 shares of the business.
LAURA SCHENKEIN bought 3,131 shares of TTD for $369,364 on Nov 18 ’24. On Nov 07 ’24, another insider, Schenkein Laura, who serves as the Chief Financial Officer of the company, sold 27,687 shares for $127.55 each. As a result, the insider received 3,531,477 and left with 693,953 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 58942607360 and an Enterprise Value of 56437923840. As of this moment, Trade’s Price-to-Earnings (P/E) ratio for their current fiscal year is 193.96, and their Forward P/E ratio for the next fiscal year is 61.75. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 25.52 while its Price-to-Book (P/B) ratio in mrq is 22.44. Its current Enterprise Value per Revenue stands at 24.436 whereas that against EBITDA is 126.485.
Stock Price History:
Over the past 52 weeks, TTD has reached a high of $132.65, while it has fallen to a 52-week low of $61.47. The 50-Day Moving Average of the stock is 2.95%, while the 200-Day Moving Average is calculated to be 23.46%.
Shares Statistics:
For the past three months, TTD has traded an average of 2.97M shares per day and 5505500 over the past ten days. A total of 493.57M shares are outstanding, with a floating share count of 446.99M. Insiders hold about 9.44% of the company’s shares, while institutions hold 71.44% stake in the company. Shares short for TTD as of 1730332800 were 11713020 with a Short Ratio of 3.94, compared to 1727654400 on 10975117. Therefore, it implies a Short% of Shares Outstanding of 11713020 and a Short% of Float of 2.6199998.
