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Exploring the Growth Potential of NASDAQ:TTD as It Nears a Breakout.

By Mill Chart

Last update: Apr 12, 2024

Exploring Growth Potential: TRADE DESK INC/THE -CLASS A (NASDAQ:TTD) and Its Base Formation. Growth investors seek promising revenue and EPS growth, and TRADE DESK INC/THE -CLASS A has come under our scrutiny for potential growth investing. While it's crucial to do your own research, we've detected TRADE DESK INC/THE -CLASS A on our screen for growth with base formation, suggesting it merits a closer look.

Growth Analysis for NASDAQ:TTD

ChartMill assigns a proprietary Growth Rating to each stock. The score is computed by evaluating various growth aspects, like EPS and revenue growth. We take into account the history as well as the estimated future numbers. NASDAQ:TTD was assigned a score of 9 for growth:

  • The Earnings Per Share has grown by an nice 19.05% over the past year.
  • The Earnings Per Share has been growing by 36.07% on average over the past years. This is a very strong growth
  • TTD shows a strong growth in Revenue. In the last year, the Revenue has grown by 23.35%.
  • TTD shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 32.46% yearly.
  • TTD is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 27.50% yearly.
  • The Revenue is expected to grow by 21.19% on average over the next years. This is a very strong growth

Health Analysis for NASDAQ:TTD

ChartMill utilizes a Health Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of liquidity and solvency ratios, both in absolute terms and in comparison to industry peers. NASDAQ:TTD has earned a 7 out of 10:

  • TTD has an Altman-Z score of 10.48. This indicates that TTD is financially healthy and has little risk of bankruptcy at the moment.
  • TTD's Altman-Z score of 10.48 is amongst the best of the industry. TTD outperforms 92.71% of its industry peers.
  • TTD has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.

Profitability Examination for NASDAQ:TTD

Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, NASDAQ:TTD has achieved a 7:

  • TTD's Return On Assets of 3.66% is fine compared to the rest of the industry. TTD outperforms 73.96% of its industry peers.
  • With a decent Return On Equity value of 8.27%, TTD is doing good in the industry, outperforming 79.17% of the companies in the same industry.
  • TTD has a Return On Invested Capital of 6.66%. This is in the better half of the industry: TTD outperforms 72.92% of its industry peers.
  • The last Return On Invested Capital (6.66%) for TTD is above the 3 year average (5.35%), which is a sign of increasing profitability.
  • With an excellent Profit Margin value of 9.19%, TTD belongs to the best of the industry, outperforming 80.21% of the companies in the same industry.
  • The Operating Margin of TTD (10.30%) is better than 68.75% of its industry peers.
  • The Gross Margin of TTD (81.21%) is better than 90.63% of its industry peers.

How does the Setup look for NASDAQ:TTD

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NASDAQ:TTD currently holds a 7 as its setup rating, suggesting a particular level of consolidation in the stock.

Besides having an excellent technical rating, TTD also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 90.45. Right above this resistance zone may be a good entry point.

More Strong Growth stocks can be found in our Strong Growth screener.

Our latest full fundamental report of TTD contains the most current fundamental analsysis.

Check the latest full technical report of TTD for a complete technical analysis.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.

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TRADE DESK INC/THE -CLASS A

NASDAQ:TTD (5/24/2024, 7:01:17 PM)

After market: 94.5 -0.25 (-0.26%)

94.75

+2.24 (+2.42%)

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