Take-Two Interactive Software Inc. (NASDAQ:TTWO) traded with a subtraction of -$3.47 to $141.08 on Thursday, a downside of -2.40 percent. An average of 1,032,960 shares of common stock have been traded in the last five days. There was a gain of $3.39 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 1,421,345 shares traded, while the 50-day average volume stands at 1,407,466.
TTWO stock has decreased by -6.10% in the last month. The company shares reached their 1-month lowest point of $135.98 on 08/18/23. With the stock rallying to its 52-week high on 07/19/23, shares of the company touched a low of $90.00 and a high of $153.84 in 52 weeks. It has reached a new high 28 times so far this year and achieved 35.48% or $37.34 in price. In spite of this, the price is down -8.29% from the 52-week high.
Insider Transactions
TTWO stock investors should be aware that Take-Two Interactive Software Inc. (TTWO) stock had its last reported insider trading activity 80 days ago on Jun 05. In this transaction, the insider spent $861,862. Chairman, CEO, ZELNICK STRAUSS, disposed of 9,537 shares at a price of $137.67 on Jun 01. The insider now owns more than $1,312,989 worth of shares. Prior to that, President Slatoff Karl went on to Sale 9,537 shares at $137.67 each on Jun 01. An amount of $1,312,989 was transacted.
Valuation Metrics
Take-Two Interactive Software Inc. (TTWOstock’s beta is 0.69. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.35, the price-to-book (PB) ratio at 2.67.
Financial Health
Further, the company has a long term debt to equity ratio of 0.30 and a total debt to equity ratio of 0.34 for the quarter ending June 29. Take-Two Interactive Software Inc.’s EBITDA margin for the year ending June 29 is 27.87%, while its operating margin for the same period stands at -24.10%. Its gross profit as reported stood at $2.29 billion compared to revenue of $5.35 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Take-Two Interactive Software Inc.’s return on assets was -7.50%.
Earnings Surprise
For the three-month period that ended June 29, Take-Two Interactive Software Inc. had $2.7 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$206.0 million in the quarter, while revenues were grew 49.51%. The analyst consensus anticipated Take-Two Interactive Software Inc.’s latest quarter earnings to come in at $0.42 per share, but it turned out to be $0.27, a -35.70% surprise. For the quarter, EBITDA amounted to $145.8 million. Shareholders own equity worth $169.83 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Take-Two Interactive Software Inc. (TTWO) price momentum. RSI 9-day as of the close on 23 August was 48.28%, suggesting the stock is Neutral, with historical volatility in this time frame at 26.41%.
As of today, TTWO’s price is $140.70 +2.46% or $3.39 from its 5-day moving average. TTWO is currently trading -5.59% lower than its 20-day SMA and +18.58% higher than its 100-day SMA. However, the stock’s current price level is +3.66% above the SMA50 and +30.35% above the SMA200.
The stochastic %K and %D were 62.00% and 46.14%, respectively, and the average true range (ATR) was 3.34. With the 14-day stochastic at 56.71% and the average true range at 3.22, the RSI (14) stands at 47.10%. The stock has reached 1.75 on the 9-day MACD Oscillator while the 14-day reading was at 1.94.
Analyst Ratings
HSBC Securities launched coverage on Take-Two Interactive Software Inc. (NASDAQ: TTWO) in its analyst report released on July 25, 2023. The firm assigned the stock a Buy rating. The consensus rating for Take-Two Interactive Software Inc. (TTWO) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TTWO, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 17 others rate it as a “buy”.
What is TTWO’s price target for the next 12 months?
Analysts predict a range of price targets between $130.00 and $171.00, with a median target of $159.00. Taking a look at these predictions, the average price target given by analysts for Take-Two Interactive Software Inc. (TTWO) stock is $155.96.
