Trade Desk Inc (TTD) concluded trading on Thursday at a closing price of $111.46, with 2.25 million shares of worth about $250.63 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 31.81% during that period and on October 03, 2024 the price saw a gain of about 2.53%. Currently the company’s common shares owned by public are about 492.91M shares, out of which, 446.05M shares are available for trading.
Stock saw a price change of 1.92% in past 5 days and over the past one month there was a price change of 9.98%. Year-to-date (YTD), TTD shares are showing a performance of 54.89% which increased to 45.89% 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 $112.22 during that period. The average intraday trading volume for Trade Desk Inc shares is 3.31 million. The stock is currently trading 4.66% above its 20-day simple moving average (SMA20), while that difference is up 11.03% for SMA50 and it goes to 26.26% higher than SMA200.
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Trade Desk Inc (NASDAQ: TTD) currently have 492.91M outstanding shares and institutions hold larger chunk of about 70.01% of that.
The stock has a current market capitalization of $54.94B and its 3Y-monthly beta is at 1.48. PE ratio of stock for trailing 12 months is 219.93, while it has posted earnings per share of $0.51 in the same period. Its PEG reads 8.35 and has Quick Ratio of 1.80 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 2.29% while standing at 2.68% over the month.
Stock’s fiscal year EPS is expected to rise by 27.72% while it is estimated to increase by 16.11% in next year. EPS is likely to grow at an annualized rate of 26.35% 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 Truist on October 02, 2024 offering a Buy rating for the stock and assigned a target price range of between $108 and $120 to it. Coverage by Needham stated Trade Desk Inc (TTD) stock as a Buy in their note to investors on October 01, 2024, suggesting a price target of $125 for the stock. On September 23, 2024, MoffettNathanson Initiated their recommendations, while on September 05, 2024, Cantor Fitzgerald Initiated their ratings for the stock with a price target of $110. Stock get a Buy rating from BofA Securities on September 04, 2024.
