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The closing price of Trade Desk Inc (NASDAQ: TTD) was $102.18 for the day, down -1.67% from the previous closing price of $103.92. In other words, the price has decreased by -$1.67 from its previous closing price. On the day, 1.94 million shares were traded. TTD stock price reached its highest trading level at $103.98 during the session, while it also had its lowest trading level at $101.54.
Ratios:
Our analysis of TTD’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 33.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 102.04. For the most recent quarter (mrq), Quick Ratio is recorded 1.80 and its Current Ratio is at 1.80. 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, Wolfe Research on July 16, 2024, initiated with a Outperform rating and assigned the stock a target price of $115.
On July 15, 2024, Oppenheimer reiterated its Outperform rating and also lowered its target price recommendation from $105 to $120.
On June 17, 2024, Wedbush started tracking the stock assigning a Outperform rating and target price of $110.Wedbush initiated its Outperform rating on June 17, 2024, with a $110 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 26 ’24 when Green Jeffrey Terry sold 283,429 shares for $104.20 per share. The transaction valued at 29,533,358 led to the insider holds 380,832 shares of the business.
Green Jeffrey Terry sold 135,922 shares of TTD for $14,098,381 on Aug 22 ’24. The President and CEO now owns 664,261 shares after completing the transaction at $103.72 per share. On Aug 22 ’24, another insider, Rajaram Gokul, who serves as the Director of the company, sold 1,355 shares for $104.69 each. As a result, the insider received 141,855 and left with 31,346 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 51084787712 and an Enterprise Value of 48987242496. As of this moment, Trade’s Price-to-Earnings (P/E) ratio for their current fiscal year is 201.62, and their Forward P/E ratio for the next fiscal year is 55.03. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.75. For the stock, the TTM Price-to-Sale (P/S) ratio is 22.98 while its Price-to-Book (P/B) ratio in mrq is 20.88. Its current Enterprise Value per Revenue stands at 22.524 whereas that against EBITDA is 130.572.
Stock Price History:
Over the past 52 weeks, TTD has reached a high of $105.39, while it has fallen to a 52-week low of $60.23. The 50-Day Moving Average of the stock is 5.57%, while the 200-Day Moving Average is calculated to be 22.07%.
Shares Statistics:
TTD traded an average of 3.53M shares per day over the past three months and 2530960 shares per day over the past ten days. A total of 445.00M shares are outstanding, with a floating share count of 441.69M. Insiders hold about 9.70% of the company’s shares, while institutions hold 70.52% stake in the company. Shares short for TTD as of 1723680000 were 10012190 with a Short Ratio of 2.83, compared to 1721001600 on 10726135. Therefore, it implies a Short% of Shares Outstanding of 10012190 and a Short% of Float of 2.26.
