Trade Desk Inc [NASDAQ: TTD] traded at a low on Tuesday, posting a -1.88 loss after which it closed the day’ session at $89.64.
The results of the trading session contributed to over 4928836 shares changing hands. Over the past one week, the price volatility of Trade Desk Inc stands at 3.56% while the volatility over the past one month is 3.41%.
The market cap for TTD stock reached $43.83 billion, with 445.00 million shares outstanding and 441.20 million shares in the current float. Compared to the average trading volume of 4.27M shares, TTD reached a trading volume of 4928836 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Trade Desk Inc [TTD]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TTD shares is $98.22 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TTD stock is a recommendation set at 1.69. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Jefferies have made an estimate for Trade Desk Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 02, 2024. While these analysts kept the previous recommendation, BTIG Research raised their target price from $91 to $98. The new note on the price target was released on February 23, 2024, representing the official price target for Trade Desk Inc stock. On January 17, 2024, analysts increased their price target for TTD shares from 73 to 80.
The Average True Range (ATR) for Trade Desk Inc is set at 2.94, with the Price to Sales ratio for TTD stock in the period of the last 12 months amounting to 22.52. The Price to Book ratio for the last quarter was 20.25, with the Price to Cash per share for the same quarter was set at 2.82. Price to Free Cash Flow for TTD in the course of the last twelve months was 79.47 with Quick ratio for the last quarter at 1.72.
How has TTD stock performed recently?
Trade Desk Inc [TTD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.20. With this latest performance, TTD shares gained by 3.41% in over the last four-week period, additionally plugging by 13.35% over the last 6 months – not to mention a rise of 42.97% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TTD stock in for the last two-week period is set at 61.40, with the RSI for the last a single of trading hit 64.49, and the three-weeks RSI is set at 59.58 for Trade Desk Inc [TTD]. The present Moving Average for the last 50 days of trading for this stock 83.92, while it was recorded at 88.62 for the last single week of trading, and 77.36 for the last 200 days.
Trade Desk Inc [TTD]: Deeper insight into the fundamentals
Trade Desk Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.72 and a Current Ratio set at 1.72.
Earnings analysis for Trade Desk Inc [TTD]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TTD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Trade Desk Inc go to 24.00%.
Insider trade positions for Trade Desk Inc [TTD]
The top three institutional holders of TTD stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in TTD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in TTD stock with ownership which is approximately 5.8386%.
