As of Wednesday close, Take-Two Interactive Software Inc.’s (NASDAQ:TTWO) stock was up $0.76, moving up 0.54 percent to $140.27. The average number of shares traded per day over the past five days has been 1,465,020 shares. 1 time new highs have been achieved over the past 5 days, with a $0.87 gain in that time frame. In the last twenty days, the average volume was 1,368,600, while in the previous 50 days, it was 1,439,930.
Since last month, TTWO stock retreated -8.65%. Shares of the company fell to $136.92 on 08/09/23, the lowest level in the past month. A 52-week high of $153.84 was reached on 07/19/23 after having rallying from a 52-week low of $90.00. Since the beginning of this year, TTWO’s stock price has risen by 34.71% or $36.14, and marked a new high 28 times. However, the stock has declined by -8.82% since its 52-week high.
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TTWO stock investors should be aware that Take-Two Interactive Software Inc. (TTWO) stock had its last reported insider trading activity 73 days ago on Jun 05. Emerson Daniel P, the Chief Legal Officer of the company, disposed of 6,251 shares for $137.88 on Jun 05. It resulted in a $861,862 divestment by the insider. ZELNICK STRAUSS sold 9,537 shares at an average price of $137.67 on Jun 01. The insider now owns 666,147 shares following the transaction. On Jun 01, President Slatoff Karl sold 9,537 shares at $137.67 apiece. The transaction was valued at $1,312,989.
Valuation Metrics
The stock’s beta is 0.70. Besides these, the trailing price-to-sales (P/S) ratio of 4.25, the price-to-book (PB) ratio of 2.66.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.30, and the total debt-to-equity ratio was 0.34. On the profitability front, the trailing twelve-month gross margin is 42.70% percent. In the year ended June 29, EBITDA margin amounted to 27.87%, whereas operating margins totaled -24.10%. Based on annual data, TTWO earned $2.29 billion in gross profit and brought in $5.35 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -7.90%. Return on equity (ROE) for the past 12 months was -13.30%.
In Take-Two Interactive Software Inc.’s quarter-end financial report for June 29, it reported total debt of $2.7 billion against cash and short-term investments of $109.2 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. TTWO’s revenue rose 14.16% to $1.45 billion during the quarter, while net income inched up to $1.28 billion. While analysts expected Take-Two Interactive Software Inc. to report $0.42 quarterly earnings, the actual figure was $0.27 per share, beating the consensus estimate by -35.70%. During the quarter, the company generated $145.8 million in EBITDA. The liabilities of Take-Two Interactive Software Inc. were 6.59 billion at the end of its most recent quarter ended June 29, and its total debt was $3.49 billion. The value of shareholders’ equity is $169.83 million.
Technical Picture
This quick technical analysis looks at Take-Two Interactive Software Inc.’s (TTWO) price momentum. With a historical volatility rate of 19.97%, the RSI 9-day stood at 37.79% on 16 August.
With respect to its five-day moving average, the current Take-Two Interactive Software Inc. price is up by +0.62% percent or $0.87. At present, TTWO shares trade -7.72% below its 20-day simple moving average and +19.40% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.60% above its SMA50 and +14.28% above its SMA200.
Stochastic coefficient K was 22.58% and Stochastic coefficient D was 21.79%, while ATR was 3.21. Given the Stochastic reading of 19.90% for the 14-day period, the RSI (14) reading has been calculated as 40.46%. As of today, the MACD Oscillator reading stands at 0.31, while the 14-day reading stands at -3.07.
Analyst Ratings
HSBC Securities launched its rating on Take-Two Interactive Software Inc. (NASDAQ: TTWO) to a Buy in a note to investors on July 25, 2023. Take-Two Interactive Software Inc. (TTWO) has been rated Overweight by analysts. According to 0 brokerage firms, TTWO is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Take-Two Interactive Software Inc. stock as buy, with 17 recommending it as overweight.
With a median target price of $159.00, the current consensus forecast for the stock is $130.00 – $171.00. Based on these forecasts, analysts predict Take-Two Interactive Software Inc. (TTWO) will achieve an average price target of $155.96.
