Trade Desk Inc (TTD) concluded trading on Thursday at a closing price of $98.22, with 2.64 million shares of worth about $259.52 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 33.47% during that period and on June 27, 2024 the price saw a gain of about 0.52%. Currently the company’s common shares owned by public are about 445.00M shares, out of which, 441.53M shares are available for trading.
Stock saw a price change of 0.97% in past 5 days and over the past one month there was a price change of 3.29%. Year-to-date (YTD), TTD shares are showing a performance of 36.49% which increased to 27.94% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $60.23 but also hit the highest price of $99.54 during that period. The average intraday trading volume for Trade Desk Inc shares is 3.38 million. The stock is currently trading 2.58% above its 20-day simple moving average (SMA20), while that difference is up 8.14% for SMA50 and it goes to 23.27% higher than SMA200.
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Trade Desk Inc (NASDAQ: TTD) currently have 445.00M outstanding shares and institutions hold larger chunk of about 68.45% of that.
The stock has a current market capitalization of $48.04B and its 3Y-monthly beta is at 1.48. PE ratio of stock for trailing 12 months is 243.90, while it has posted earnings per share of $0.40 in the same period. Its PEG reads 10.16 and has Quick Ratio of 1.79 while making debt-to-equity ratio of 0.11. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TTD, volatility over the week remained 2.28% while standing at 2.86% over the month.
Stock’s fiscal year EPS is expected to rise by 18.51% while it is estimated to increase by 17.66% in next year. EPS is likely to grow at an annualized rate of 24.00% for next 5-years, compared to annual growth of 13.20% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wedbush on June 17, 2024 offering an Outperform rating for the stock and assigned a target price of $110 to it. Coverage by Jefferies stated Trade Desk Inc (TTD) stock as a Buy in their note to investors on May 02, 2024, suggesting a price target of $105 for the stock. Stock get an Overweight rating from Wells Fargo on January 17, 2024.
