Take-Two Interactive Software, Inc. [TTWO] stock is trading at $153.65, up 1.73%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TTWO shares have gain 2.43% over the last week, with a monthly amount glided 5.96%, and seem to be holding up well over a long-time horizon.
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On 27, March 2024, Take-Two Interactive Software, Inc. to Acquire The Gearbox Entertainment Company Inc., Developer of Highly Successful Borderlands Franchise. In a post published today on Yahoo Finance, Transaction valued at $460 million; expected to close in the first quarter of Take-Two’s Fiscal Year 2025.
From an analyst’s perspective:
Take-Two Interactive Software, Inc. [NASDAQ: TTWO] stock has seen the most recent analyst activity on April 08, 2024, when Citigroup upgraded its rating to a Buy and also boosted its price target to $200 from $170. On February 05, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $167 on the stock. BMO Capital Markets started tracking the stock assigning a Outperform rating and suggested a price target of $200 on January 09, 2024. Wolfe Research initiated its recommendation with a Outperform and recommended $186 as its price target on December 12, 2023. BofA Securities downgraded its rating to Neutral for this stock on December 07, 2023, but kept the price target unchanged to $170. In a note dated November 14, 2023, Deutsche Bank upgraded an Buy rating on this stock and boosted its target price from $155 to $175.
Take-Two Interactive Software, Inc. [TTWO] stock has fluctuated between $117.35 and $171.59 over the past year. Currently, Wall Street analysts expect the stock to reach $170.4 within the next 12 months. Take-Two Interactive Software, Inc. [NASDAQ: TTWO] shares were valued at $153.65 at the most recent close of the market. An investor can expect a potential return of 10.9% based on the average TTWO price forecast.
Analyzing the TTWO fundamentals
Take-Two Interactive Software, Inc. [NASDAQ:TTWO] reported sales of 5.40B for the trailing twelve months, which represents a drop of -2.95%. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at -0.29%, Pretax Profit Margin comes in at -0.31%, and Net Profit Margin reading is -0.27%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.17 and Total Capital is -0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.41.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 151.82 points at the first support level, and at 149.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 155.42, and for the 2nd resistance point, it is at 157.18.
Take-Two Interactive Software, Inc. [TTWO] reported earnings per share of $0.71 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.72/share, meaning a difference of -$0.01 and a surprise factor of -1.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.22 per share as compared to estimates of $1.03 per share, a difference of $0.19 representing a surprise of 18.40%.
Ratios To Look Out For
For context, Take-Two Interactive Software, Inc.’s Current Ratio is 0.82. As well, the Quick Ratio is 0.82, while the Cash Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 4.86, the price to book ratio is 3.08.
Transactions by insiders
Recent insider trading involved Sheresky Michael, Director, that happened on Feb 15 ’24 when 260.0 shares were sold. Chief Financial Officer, Goldstein Lainie completed a deal on Dec 06 ’23 to sell 20701.0 shares. Meanwhile, Chairman, CEO ZELNICK STRAUSS sold 8000.0 shares on Dec 06 ’23.
