The trading price of Trade Desk Inc (NASDAQ:TTD) closed higher on Monday, June 16, and closing at $70.25, 3.37% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 85.91. In examining the 52-week price action we see that the stock hit a 52-week high of $141.53 and a 52-week low of $42.96. Over the past month, the stock has lost -9.35% in value.
Trade Desk Inc, whose market valuation is $34.52 billion at the time of this writing, is expected to release its quarterly earnings report in July. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.42 per share this quarter, however they have predicted annual earnings per share of 1.78 for current year and 2.14 for next year.
Analysts have forecast the company to bring in revenue of 686.15M for the current quarter, with the likely lows of 680M and highs of 710.2M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 2.86B.
On the technical side, indicators suggest TTD has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned TTD a recommendation rating is 26. Out of them, 4 rate it a Hold, while 22 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Trade Desk Inc (TTD) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 5.22, which symbolizes a positive outlook. A quick review shows that TTD’s price is currently -4.55% off the SMA20 and 10.73% off the SMA50. The RSI metric on the 14-day chart is currently showing 49.44, and weekly volatility stands at 3.13%. When measured over the past 30 days, the indicator reaches 2.41%. Trade Desk Inc (NASDAQ:TTD)’s beta value is currently sitting at 1.40, while the Average True Range indicator is currently displaying 2.91. With analysts defining $75-$140 as the low and high price targets, we arrive at a consensus price target of $125 for the trailing 12-month period. The current price is about -6.76% off the estimated low and -99.29% off the forecast high, based on this estimate. Investors will be thrilled if TTD’s share price rises to $125, which is the median consensus price. At that level, TTD’s share price would be -77.94% below current price.
To see how Trade Desk Inc stock has been performing in comparison to its peers in the industry, here are the numbers: TTD stock’s performance was 3.37% in the latest trading, and -27.92% in the past year. Trade Desk Inc has a P/E ratio of 85.91.
An evaluation of the daily trading volume of Trade Desk Inc (NASDAQ:TTD) indicates that the 3-month average is 10.20 million.
Currently, records show that 448.02 million of the company’s shares remain outstanding. The insiders hold 9.33% of outstanding shares, whereas institutions hold 71.42%. However, since the stock’s price has seen -40.23% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
