Are Smart Investors Making the Right Decision? Trade Desk Inc (TTD)

With 3.38 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.97 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $121.56 whereas the lowest price it dropped to was $117.7922. The 52-week range on TTD shows that it touched its highest point at $123.85 and its lowest point at $60.23 during that stretch. It currently has a 1-year price target of $119.35. Beta for the stock currently stands at 1.48.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TTD was up-trending over the past week, with a rise of 1.69%, but this was up by 10.58% over a month. Three-month performance surged to 44.69% while six-month performance rose 36.42%. The stock gained 69.41% in the past year, while it has gained 67.05% so far this year. A look at the trailing 12-month EPS for TTD yields 0.51 with Next year EPS estimates of 1.88. For the next quarter, that number is 0.39. This implies an EPS growth rate of 28.20% for this year and 16.34% for next year. EPS is expected to grow by 28.83% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 13.20%.

Float and Shares Shorts:

At present, 492.91 million TTD shares are outstanding with a float of 446.32 million shares on hand for trading. On 2024-10-15, short shares totaled 11.87 million, which was 241.0 higher than short shares on 1726185600. In addition to Mr. Jeffrey Terry Green as the firm’s Co-Founder, Chairman, President & CEO, Ms. Laura Schenkein serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 0.79453003 of TTD’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, TTD reported revenue of $584550000.0 and operating income of $94720000.0. The EBITDA in the recently reported quarter was $115647000.0 and diluted EPS was $0.17.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TTD since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.