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Tuesday, January 31, 2023

The Question Is Whether To Buy Or Not To Buy Take-Two Interactive Software Inc. (NASDAQ: TTWO)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Take-Two Interactive Software Inc. (TTWO) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$2.76, or -2.62%, to $102.50. The Take-Two Interactive Software Inc. has recorded 78,806 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Take-Two Interactive Software, Inc. to Report Third Quarter Fiscal Year 2023 Results on Monday, February 6, 2023.

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Stocks Info

Take-Two Interactive Software Inc. is listed on the NASDAQ as a member of the Communication Services sector and is a part of the Electronic Gaming & Multimedia industry. At the end of the last regular session, the stock closed at $105.26 and fluctuated between $106.93 as its day high and $104.41 as its day low. The current market capitalization of Take-Two Interactive Software Inc. is $17.87B. A total of 1.72 million shares were traded on the day, compared to an average of 2.25M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, TTWO has seen 9 BUY and 1 SELL insider trades, representing the acquisition of 5,075 and the disposition of 149 shares. Over the last 12 months, there were 44 BUYs and 21 SELLs from insiders. Insiders purchased 2,013,409 shares during that period but sold 640,578.

In the most recent transaction, Sheresky Michael sold 149 shares of TTWO for 102.24 per share on Nov 14. After the transaction, the Director now owns 62,337 company shares. In a previous transaction on Aug 11, Sheresky Michael sold 167 shares at 125.24 per share. TTWO shares that Director owns now total 62,042.

Among the insiders who sold shares, Emerson Daniel P disposed of 3,381 shares on Jun 15 at a per-share price of $124.23. This resulted in the Chief Legal Officer holding 92,191 shares of TTWO after the transaction. In another insider transaction, Emerson Daniel P sold 3,125 shares at $127.78 per share on Jun 06. Company shares held by the Chief Legal Officer now total 95,572.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for TTWO in the last 3 months, the mean price target is $133.46 with high estimates of $165.00 and low estimates of $105.00. In terms of 52-week highs and lows, TTWO has a high of $178.50 and a low of $90.00.

As of this writing, TTWO has an earnings estimate of $1.37 per share for the current quarter. EPS was calculated based on a consensus of 22 estimates, with a high estimate of $1.63 per share and a lower estimate of $1.24. The company reported an EPS of $1.09 in the last quarter, which was 4.80% higher than expectations of $1.04.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 29 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TTWO is Sell with a score of 4.54. A total of 17 analysts rated the stock as Buy while 5 rated it as Overweight while 6 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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