The Trade Desk (TTD) story continues to unfold as its self-service advertising platform gains greater acceptance. On Thursday, the Relative Strength (RS) Rating for Trade Desk stock climbed 13 points to 76, up from 63 the day before.
The 76 RS Rating means that Trade Desk stock has outperformed 76% of all stocks over the past year. Top-performing stocks tend to have an RS Rating above 80 in the early stages of their moves. See if Trade Desk can continue to rebound and clear that threshold. The Trade Desk stock was up 1.3% Thursday afternoon at 76.52 amid a market rally.
Trade Desk Stock Has Perfect EPS Rating
Among other key ratings, the Ventura, Calif.-based company boasts a best-possible 99 EPS Rating, reflecting strong recent quarters and long-term profit growth. Additionally, the provider of managed, data-driven digital ad campaigns carries a 90 Composite Rating, putting it in the top 10% of stocks overall.
One yellow flag to watch is its C Accumulation/Distribution Rating, on an A+ to E scale. The C rating means that about as many institutional investors are selling as buying its shares. Stock prices rise when big money investors start piling in, which isn’t happening currently.
In terms of fundamentals, earnings doubled last quarter vs. the same quarter a year ago, to 18 cents per share. The prior three quarters, its EPS rose 63%, 147% and 56%. Revenue last quarter soared 101% to $280 million. The Trade Desk stock went public in late 2016 and was trading at 2.35 intraday in early October, shortly after its IPO. Its 76.52 share price today is a roughly 3,100% rise in the intervening five years.
Trade Desk stock is trying to complete a consolidation with a 90.10 buy point. See if it can break out in heavy volume.
When you’re researching the best stocks to buy and watch, keep a close on eye on relative price strength.
The proprietary Relative Strength Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock’s price action over the trailing 52 weeks stacks up against all the other stocks in our database.
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