The figures also indicate that as of Jan 12, 2023, number of stock’s short shares was 15.33 million which implies a short ratio of 3.8. The percentage of outstanding shares held by the insiders is 0.20% while it is 77.20% for the institutional holders. Number of outstanding shares of the stock stood at 489.24 million. (NASDAQ:TTD) provides that stock’s average daily trading volume for 3 months was 4.76 million, while it jumped to 3.72 million when we calculate an average volume for past 10 days. Having a second look at The Trade Desk Inc. On the other hand, the S&P 500 Index is up 0.22% in the early deals today while the Dow Jones Industrial was dealinghigher at 0.22%.
TRADE DESK STOCK SOFTWARE
(TTD)’s stock with other industry players reveals that stock’s latest price change of 0.06% and that of -6.57% over the past 12 months is in competing position with that of Marin Software Incorporated (MRIN) which saw its stock price fall by -0.47% in the recent trading and went through a decrease of -63.78% in past 12-month trading. Long term indicators are suggesting an average of 50% Buy for it. In contrast, when we review TTD stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of Hold. In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $1.58 billion in 2022, which will be 32.00% more from revenue generated by the company last year. The average estimate is representing an increase of 24.00% in sales growth from that of posted by the company in the same quarter of last year. They suggested that in the process company could generate revenue of as low as $485 million which could climb up to $493.3 million to hit a high. These estimates are suggesting current year growth of 13.20% for EPS and 1.90% growth next year.Īnalysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $490.49 million. with estimates of that growing to $1.05 in next year. Analysts are in estimates of $0.36 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to $1. is set to declare its quarterly results on – May 12, 2023.
With its current market valuation of $28.12 billion, The Trade Desk Inc.
TRADE DESK STOCK SERIAL
Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Mobile payments are projected to boom into a massive $12 trillion market by 2028. Will You Miss Out On This Growth Stock Boom?Ī new megatrend in the fintech market is well underway.
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