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Saturday, June 3, 2023

Is Take-Two Interactive Software Inc. (NASDAQ: TTWO) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 -$0.28, or -0.23%, to $120.00. The Take-Two Interactive Software Inc. has recorded 17,929 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Take-Two Interactive Software, Inc. to Report Fourth Quarter and Fiscal Year 2023 Results on Wednesday, May 17, 2023.

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Stocks Info

TTWO belongs to the Communication Services sector of the NASDAQ while operating in the Electronic Gaming & Multimedia industry. At the end of the last regular session, the stock closed at $120.28 and fluctuated between $122.56 as its day high and $119.57 as its day low. The current market capitalization of Take-Two Interactive Software Inc. is $20.23B. A total of 1.57 million shares were traded on the day, compared to an average of 1.64M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, TTWO has seen 10 BUY and 11 SELL insider trades, representing the acquisition of 18,397 and the disposition of 350,164 shares. Over the last 12 months, there were 45 BUYs and 19 SELLs from insiders. Insiders purchased 1,635,239 shares during that period but sold 405,535.

In the most recent transaction, Slatoff Karl sold 68,351 shares of TTWO for 122.12 per share on Apr 13. After the transaction, the President now owns 262,678 company shares. In a previous transaction on Apr 13, ZELNICK STRAUSS sold 68,351 shares at 122.12 per share. TTWO shares that Chairman, CEO owns now total 262,678.

Among the insiders who sold shares, Sheresky Michael disposed of 162 shares on Feb 16 at a per-share price of $114.63. This resulted in the Director holding 63,182 shares of TTWO after the transaction. In another insider transaction, Sheresky Michael sold 149 shares at $102.24 per share on Nov 14. Company shares held by the Director now total 62,337.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for TTWO in the last 3 months, the mean price target is $135.04 with high estimates of $165.00 and low estimates of $120.00. In terms of 52-week highs and lows, TTWO has a high of $137.43 and a low of $90.00.

As of this writing, TTWO has an earnings estimate of $0.68 per share for the current quarter. EPS was calculated based on a consensus of 24 estimates, with a high estimate of $0.78 per share and a lower estimate of $0.59. The company reported an EPS of $1.3 in the last quarter, which was -5.10% lower than expectations of $1.37.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. TTWO’s latest balance sheet shows that the firm has $2.55B in Cash & Short Term Investments as of fiscal 2022. There were $250.22M in debt and $2.10B in liabilities at the time. Its Book Value Per Share was $56.85, while its Total Shareholder’s Equity was $3.81B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 4.48.

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