Trade Desk Inc (NASDAQ: TTD) on Monday, plunged -6.23% from the previous trading day, before settling in for the closing price of $86.37. Within the past 52 weeks, TTD’s price has moved between $59.36 and $94.00.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 32.66%. The company achieved an average annual earnings per share of 17.25%. With a float of $441.09 million, this company’s outstanding shares have now reached $445.00 million.
Considering the fact that the conglomerate employs 3115 people, you should pay attention to its efficiency factor.
Trade Desk Inc (TTD) Insider Activity
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Trade Desk Inc is 9.79%, while institutional ownership is 69.31%. The most recent insider transaction that took place on Apr 04 ’24, was worth 6,546,437. In this transaction President and CEO of this company sold 75,000 shares at a rate of $87.29, taking the stock ownership to the 976,622 shares. Before that another transaction happened on Apr 03 ’24, when Company’s President and CEO sold 66,007 for $87.38, making the entire transaction worth $5,767,692. This insider now owns 1,051,622 shares in total.
Trade Desk Inc (TTD) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.76 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 17.25% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 24.00% during the next five years compared to 13.20% growth over the previous five years of trading.
Trade Desk Inc (NASDAQ: TTD) Trading Performance Indicators
Trade Desk Inc (TTD) is currently performing well based on its current performance indicators. A quick ratio of 1.72 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 20.35. Likewise, its price to free cash flow for the trailing twelve months is 71.80.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.36, a number that is poised to hit 0.22 in the next quarter and is forecasted to reach 1.77 in one year’s time.
Technical Analysis of Trade Desk Inc (TTD)
Compared to the last year’s volume of 4.67 million, its volume of 2.57 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 46.60%. Additionally, its Average True Range was 2.65.
During the past 100 days, Trade Desk Inc’s (TTD) raw stochastic average was set at 60.00%, which indicates a significant increase from 3.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.72% in the past 14 days, which was lower than the 43.21% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $81.38, while its 200-day Moving Average is $77.23. Nevertheless, the first resistance level for the watch stands at $84.78 in the near term. At $88.57, the stock is likely to face the second major resistance level. The third major resistance level sits at $90.64. If the price goes on to break the first support level at $78.92, it is likely to go to the next support level at $76.85. Should the price break the second support level, the third support level stands at $73.06.
Trade Desk Inc (NASDAQ: TTD) Key Stats
Market capitalization of the company is 39.60 billion based on 488,937K outstanding shares. Right now, sales total 1,946 M and income totals 178,940 K. The company made 605,800 K in profit during its latest quarter, and 97,320 K in sales during its previous quarter.
