Trade Desk Inc (TTD) concluded trading on Wednesday at a closing price of $95.24, with 5.46 million shares of worth about $520.14 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 49.37% during that period and on July 17, 2024 the price saw a loss of about -5.66%. Currently the company’s common shares owned by public are about 445.00M shares, out of which, 441.54M shares are available for trading.
Stock saw a price change of -4.59% in past 5 days and over the past one month there was a price change of -0.44%. Year-to-date (YTD), TTD shares are showing a performance of 32.35% which increased to 5.02% 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 $102.67 during that period. The average intraday trading volume for Trade Desk Inc shares is 3.53 million. The stock is currently trading -3.52% below its 20-day simple moving average (SMA20), while that difference is up 0.03% for SMA50 and it goes to 17.68% 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 68.43% of that.
The stock has a current market capitalization of $46.58B and its 3Y-monthly beta is at 1.47. PE ratio of stock for trailing 12 months is 236.50, while it has posted earnings per share of $0.40 in the same period. Its PEG reads 9.85 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 3.44% while standing at 2.79% over the month.
Stock’s fiscal year EPS is expected to rise by 15.96% while it is estimated to increase by 20.80% 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 Wolfe Research on July 16, 2024 offering an Outperform rating for the stock and assigned a target price of $115 to it. Coverage by Oppenheimer stated Trade Desk Inc (TTD) stock as an Outperform in their note to investors on July 15, 2024, suggesting a price target of $120 for the stock. On June 17, 2024, Wedbush Initiated their recommendations, while on May 02, 2024, Jefferies Upgrade their ratings for the stock with a price target of $105. Stock get a Buy rating from BTIG Research on February 23, 2024.
