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Saturday, December 9, 2023

Are Things Looking Up For 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 intact, with the stock’s consolidated last price rising by $1.49, or 1.08%, to $138.99. The Take-Two Interactive Software, Inc. has recorded 48,319 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Take-Two Interactive Software, Inc. to Report Second Quarter Fiscal Year 2024 Results on Wednesday, November 8, 2023.

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Stocks Info

The company is listed on the NASDAQ and operates within the Electronic Gaming & Multimedia industry segment. At the end of the last regular session, the stock closed at $137.50 and fluctuated between $137.80 as its day high and $134.84 as its day low. The current market capitalization of Take-Two Interactive Software, Inc. is $23.35B. A total of 1.96 million shares were traded on the day, compared to an average of 1.30M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, TTWO has seen 9 BUY and 2 SELL insider trades, representing the acquisition of 4,006 and the disposition of 971 shares. Over the last 12 months, there were 42 BUYs and 13 SELLs from insiders. Insiders purchased 198,626 shares during that period but sold 70,805.

In the most recent transaction, Emerson Daniel P sold 6,251 shares of TTWO for 137.88 per share on Jun 05. After the transaction, the Chief Legal Officer now owns 132,296 company shares. In a previous transaction on Jun 01, ZELNICK STRAUSS sold 9,537 shares at 137.67 per share. TTWO shares that Chairman, CEO owns now total 666,147.

Among the insiders who sold shares, Slatoff Karl disposed of 9,537 shares on Jun 01 at a per-share price of $137.67. This resulted in the President holding 666,147 shares of TTWO after the transaction. In another insider transaction, Sheresky Michael sold 247 shares at $137.16 per share on May 25. Company shares held by the Director now total 62,935.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for TTWO in the last 3 months, the mean price target is $157.65 with high estimates of $171.00 and low estimates of $130.00. In terms of 52-week highs and lows, TTWO has a high of $153.84 and a low of $90.00.

As of this writing, TTWO has an earnings estimate of $1.04 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $1.17 per share and a lower estimate of $0.94. The company reported an EPS of $0.59 in the last quarter, which was -13.20% lower than expectations of $0.68.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on 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 $52.65, while its Total Shareholder’s Equity was $3.81B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 4.52.

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