The Trade Desk Inc. (NASDAQ:TTD) at last check was buoying at $73.73 on Friday, January 14, with a fall of -2.68% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $75.76 and 5Y monthly beta was reading 2.33 with its price kept floating in the range of $75.71 and $82.5945 on the day. Company’s P/E ratio for the trailing 12 months is 133.85. Considering stock’s 52-week price range provides that TTD hit a high price of $114.09 and saw its price falling to a low level of $46.71 during that period. Over a period of past 1-month, stock came subtracting -14.23% in its value.
With its current market valuation of $35.49 billion, The Trade Desk Inc. is set to declare its quarterly results on Feb 16, 2022 – Feb 21, 2022. Analysts are in estimates of $0.27 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to $0.79 for 2021 with estimates of that growing to $0.91 in next year. These estimates are suggesting current year growth of 14.50% for EPS and 15.20% growth next year.
Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $389.2 million. They suggested that in the process company could generate revenue of as low as $382.08 million which could climb up to $395.9 million to hit a high. The average estimate is representing an increase of 21.70% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $1.19 billion in 2021, which will be 42.40% more from revenue generated by the company last year.
In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review TTD stock’s current outlook then short term indicators are assigning it an average of Hold, while medium term indicators are categorizing the stock at an average of 50% Buy. Long term indicators are suggesting an average of 50% Sell for it.
Digging deeper we become aware of the PEG ratio of the TTD stock which is currently positioned at 4.78. It further provides that stock’s current price level is -15.94% away from its 20-day simple moving average and is -20.33% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 34.50 while volatility remained at 8.37% over the past week which changes to 6.38% when measuring it over the past month. Beta is valued at 2.31, while measure of average true range or ATR is currently at 5.80.
In comparing The Trade Desk Inc. (TTD)’s stock with other industry players reveals that stock’s latest price change of -2.68% and that of -2.28% over the past 12 months is in competing position with that of Marin Software Incorporated (MRIN) which saw its stock price fall by -3.08% in the recent trading and went through an increase of 63.76% in past 12-month trading. The Trade Desk Inc. has a P/E ratio of 133.85. On the other hand, the S&P 500 Index is down -0.44% in the early deals today while the Dow Jones Industrial was dealinglower at -0.78%.
Having a second look at The Trade Desk Inc. (NASDAQ:TTD) provides that stock’s average daily trading volume for 3 months was 5.17 million, while it jumped to 5.26 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 478.10 million.
The percentage of outstanding shares held by the insiders is 0.40% while it is 67.70% for the institutional holders. The figures also indicate that as of Dec 14, 2021, number of stock’s short shares was 11.33 million which implies a short ratio of 2.23. This shows down a 2.36% of Short Interest in company’s outstanding shares on the day. In December the standing of shares short improved as it was 12.55 million in the previous month. Subtraction of -17.33% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.