With A 28% Price Drop For The Trade Desk, Inc. (NASDAQ:TTD) You’ll Still Get What You Pay For
Explore Trade Desk’s Fair Values from the Community and select yours
The The Trade Desk, Inc. (NASDAQ:TTD) share price has fared very poorly over the last month, falling by a substantial 28%. The drop over the last 30 days has capped off a tough year for shareholders, with the share price down 45% in that time.
Even after such a large drop in price, Trade Desk may still be sending very bearish signals at the moment with a price-to-earnings (or “P/E”) ratio of 63.6x, since almost half of all companies in the United States have P/E ratios under 18x and even P/E’s lower than 10x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for…
