|Bid||6.56 x 1300|
|Ask||6.70 x 900|
|Day's range||6.52 - 6.93|
|52-week range||6.30 - 31.55|
|Beta (5Y monthly)||2.03|
|PE ratio (TTM)||N/A|
|Earnings date||01 Nov 2022 - 07 Nov 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||14.75|
The stocks for The Trade Desk (NASDAQ: TTD) and Magnite (NASDAQ: MGNI) were both crushed this year as inflation, recessionary fears, and other macro headwinds drove investors away from ad tech stocks. The Trade Desk shed nearly 40% of its value this year, while Magnite fared worse with a decline of more than 60%. The Trade Desk is the world's largest independent demand-side platform (DSP) for digital ads.
If you'd invested $5,000 in an S&P 500 index fund 10 years ago, your investment would be worth around $12,500 today. For example, a $5,000 investment in Amazon (NASDAQ: AMZN) would have grown over the past decade to around $44,000, while the same investment in Google (whose parent company is now called Alphabet) would be worth nearly $27,000 today. Not every stock will be the next Amazon or Alphabet, but some lucrative long-term buying opportunities have emerged in the growing cloud, semiconductor, and ad-tech markets as the grueling bear market drags on.
With the Federal Reserve poised to continue hiking interest rates in an attempt to get inflation back under control, many stocks remain under pressure -- especially those that either don't yet turn a profit, or generate minimal profit as they spend heavily to promote expansion. Billy Duberstein (Marqeta): Fintech card-issuing platform Marqeta sold off hard immediately after its recent second-quarter earnings report.