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The closing price of Trade Desk Inc (NASDAQ: TTD) was $92.21 for the day, down -0.24% from the previous closing price of $92.43. In other words, the price has decreased by -$0.24 from its previous closing price. On the day, 2.36 million shares were traded. TTD stock price reached its highest trading level at $94.29 during the session, while it also had its lowest trading level at $91.47.
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 31.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 81.80. 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, 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 Jul 22 ’24 when Rajaram Gokul sold 1,355 shares for $98.37 per share. The transaction valued at 133,291 led to the insider holds 32,701 shares of the business.
Schenkein Laura sold 25,000 shares of TTD for $2,510,750 on Jul 09 ’24. The Chief Financial Officer now owns 703,038 shares after completing the transaction at $100.43 per share. On Jun 28 ’24, another insider, GRANT JAY R, who serves as the Chief Legal Officer of the company, sold 141,434 shares for $97.42 each. As a result, the insider received 13,778,463 and left with 188,236 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 45102399488 and an Enterprise Value of 43920506880. As of this moment, Trade’s Price-to-Earnings (P/E) ratio for their current fiscal year is 228.98, and their Forward P/E ratio for the next fiscal year is 52.33. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 21.95 while its Price-to-Book (P/B) ratio in mrq is 20.80. Its current Enterprise Value per Revenue stands at 21.377 whereas that against EBITDA is 136.691.
Stock Price History:
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 -4.27%, while the 200-Day Moving Average is calculated to be 13.06%.
Shares Statistics:
TTD traded an average of 3.64M shares per day over the past three months and 3811860 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 68.02% stake in the company. Shares short for TTD as of 1721001600 were 10726135 with a Short Ratio of 2.95, compared to 1718323200 on 9339482. Therefore, it implies a Short% of Shares Outstanding of 10726135 and a Short% of Float of 2.4300002000000003.
