Trade Desk Inc (NASDAQ:TTD) price on Friday, August 02, fall -5.77% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $82.69.
A look at the stock’s price movement, the level at last check in today’s session was $87.75. The PE ratio in trailing twelve months stood at 205.34. Turning to its 52-week performance, $102.67 and $60.23 were the 52-week high and 52-week low respectively. Overall, TTD moved -16.87% over the past month.
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Trade Desk Inc’s market cap currently stands at around $40.45 billion.
Analysts have a consensus estimate of 577.8M for the company’s revenue for the quarter, with a low and high estimate of 575M and 587M respectively. The average forecast suggests up to a 24.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.42B, representing a 24.20% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TTD is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
The technical evaluation for the stock shows the PEG ratio is 7.90, with TTD’s current price about -13.87% and -13.86% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 29.74, while 7-day volatility ratio is 4.24% and 3.71% in the 30-day chart. Further, Trade Desk Inc (TTD) has a beta value of 1.47, and an average true range (ATR) of 3.92.
If we refocus on Trade Desk Inc (NASDAQ:TTD), historical trading data shows that trading volumes averaged 3.69 million over the past 3 months. The company’s latest data on shares outstanding shows there are 445.00 million shares.
The 9.73% of Trade Desk Inc’s shares are in the hands of company insiders while institutional holders own 68.09% of the company’s shares. Current price change has pushed the stock 14.91% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TTD stock continues to rise going into the next quarter.
