Trade Desk Inc (NASDAQ:TTD) shares, rose in value, with the stock price up by 1.50% to the previous day’s close as strong demand from buyers drove the stock to $85.83.
Actively observing the price movement in the last trading, the stock closed the session at $84.56. The value of beta (5-year monthly) was 1.50 whereas the PE ratio was 239.88 over 12-month period. Referring to stock’s 52-week performance, its high was $94.00, and the low was $57.17. On the whole, TTD has fluctuated by 4.44% over the past month.
With the market capitalization of Trade Desk Inc currently standing at about $41.97 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 08, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.21, which is expected to increase to $0.39 for fiscal year $1.48 and then to about $1.77 by fiscal year 2025. Data indicates that the EPS growth is expected to be 17.50% in 2025, while the next year’s EPS growth is forecast to be 19.60%.
Analysts have estimated the company’s revenue for the quarter at $479.93 million, with a low estimate of $478 million and a high estimate of $490 million. According to the average forecast, sales growth in current quarter could jump up 25.40%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $2.39 billion, representing an increase of 22.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that TTD’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 10.00, with the price of TTD currently trading nearly 3.00% and 8.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.24, while the 7-day volatility ratio is showing 3.07% which for the 30-day chart, stands at 2.75%. Furthermore, Trade Desk Inc (TTD)’s beta value is 1.50, and its average true range (ATR) is 2.57.
A comparison of Trade Desk Inc (TTD) with its peers suggests the former has fared considerably weaker in the market. TTD showed an intraday change of 1.50% in last session, and over the past year, it grew by 41.68%%.
Data on historical trading for Trade Desk Inc (NASDAQ:TTD) indicates that the trading volumes over the past 10 days have averaged 3.19 million and over the past 3 months, they’ve averaged 4.96 million. According to company’s latest data on outstanding shares, there are 445.00 million shares outstanding.
Nearly 9.81% of Trade Desk Inc’s shares belong to company insiders and institutional investors own 69.38% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.16 million shares as on Mar 15, 2024, resulting in a short ratio of 1.71. According to the data, the short interest in Trade Desk Inc (TTD) stood at 2.08% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 12.96 million. The stock has risen by 19.27% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TTD stock heading into the next quarter.
