Is Take-Two Interactive Software Inc. (TTWO) Good For Your Portfolio?

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Take-Two Interactive Software Inc. (NASDAQ:TTWO) saw a downside of -1.29% to $109.84 after subtracting -$1.43 on Wednesday. The 5-day average trading volume is 1,231,346 shares of the company’s common stock. It has gained $111.66 in the past week and touched a new high 4 times within the past 5 days. An average of 1,534,646 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,875,681.

TTWO’s 1-month performance is 11.40% or $9.82 on its low of $97.78 reached on 12/27/22. The company’s shares have touched a 52-week low of $90.00 and high of $178.50, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, TTWO has achieved 6.86% or $5.52 and has reached a new high 4 times. However, the current price is down -38.46% from the 52-week high price.

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Insider Transactions

TTWO stock investors last saw insider trading activity on Nov 14.Sheresky Michael (Director) most recently sold 149 shares at $102.24 per share on Nov 14. This transaction cost the insider $15,234. Director, Sheresky Michael, sold 167 shares at a price of $125.24 on Aug 11. Then, on Jun 15, Chief Legal Officer Emerson Daniel P sold 3,381 shares at a price of $124.23 per share. This transaction amounted to $420,028.

Valuation Metrics

TTWO stock has a beta of 0.71. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.14 while the price-to-book (PB) in the most recent quarter is 1.97.

As well, the company’s long term debt to equity for the quarter ending September 29 was 0.31, while the total debt to equity was 0.35. In terms of profitability, the gross margin trailing 12 months is 56.90%. The firm’s gross profit as reported stood at $1.97 billion against revenue of $3.5 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Take-Two Interactive Software Inc.’s cash and short-term investments amounted to $348.0 million against total debt of $3.67 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 104.01% to -$257.0 million, while revenue of -$104.0 million was 59.53% off the previous quarter. Analysts expected TTWO to announce $1.37 per share in earnings in its latest quarter, but it posted $1.3, representing a -5.10% surprise. EBITDA for the quarter stood at more than $125.6 million. TTWO stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 8.06 billion, with total debt at $3.67 billion. Shareholders hold equity totaling $167.82 million.

Let’s look briefly at Take-Two Interactive Software Inc. (TTWO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 64.72% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.50%.

The stock’s 5-day moving average is $108.09, reflecting a +6.23% or $6.43 change from its current price. TTWO is currently trading +9.84% above its 20-day SMA, -10.53% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +11.24% and SMA200 by-23.54%.

Stochastic %K and %D was 91.13% and 82.56% and the average true range (ATR) pointed at 2.90. The RSI (14) points at 61.13%, while the 14-day stochastic is at 80.16% with the period’s ATR at 2.99. The stock’s 9-day MACD Oscillator is pointing at 4.14 and 4.52 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Take-Two Interactive Software Inc. (NASDAQ: TTWO), Citigroup launched coverage with a Neutral rating. Analysts offering their rating for TTWO stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate TTWO as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 5 rates the stock as overweight while 17 have offered a “buy” rating.

What is TTWO’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $105.00 and a high of $165.00, with their median price target at $130.50. Looking at these predictions, the average price target given by analysts is for Take-Two Interactive Software Inc. (TTWO) stock is $133.50.

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