Take-Two Interactive Software Inc. (NASDAQ:TTWO) traded with an addition of $1.82 to $139.60 on Thursday, an upside of 1.32 percent. An average of 817,632 shares of common stock have been traded in the last five days. There was a gain of $3.65 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 1,042,793 shares traded, while the 50-day average volume stands at 1,171,083.
TTWO stock has decreased by -1.27% in the last month. The company shares reached their 1-month lowest point of $135.73 on 09/21/23. 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 34.06% or $35.47 in price. In spite of this, the price is down -9.26% 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 115 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. (TTWO) has a trailing price-to-earnings (P/E) ratio of N/A for the broader industry. The stock’s beta is 0.69. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.29, the price-to-book (PB) ratio at 2.65.
Financial Health
The quick ratio of Take-Two Interactive Software Inc. for the three months ended June 29 was 0.82, and the current ratio was 0.82, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.34 and a total debt to equity ratio of 0.39 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 -21.75%. 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 -7.37%.
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 27 September was 47.43%, suggesting the stock is Neutral, with historical volatility in this time frame at 27.21%.
As of today, TTWO’s price is $138.35 +2.69% or $3.65 from its 5-day moving average. TTWO is currently trading -1.58% lower than its 20-day SMA and +12.12% higher than its 100-day SMA. However, the stock’s current price level is -8.17% below the SMA50 and +36.78% above the SMA200.
The stochastic %K and %D were 24.02% and 22.71%, respectively, and the average true range (ATR) was 3.01. With the 14-day stochastic at 36.81% and the average true range at 2.98, the RSI (14) stands at 46.76%. The stock has reached -1.04 on the 9-day MACD Oscillator while the 14-day reading was at -2.74.
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.
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 $160.00. Taking a look at these predictions, the average price target given by analysts for Take-Two Interactive Software Inc. (TTWO) stock is $158.57.
