Take-Two Interactive Software, Inc. (NASDAQ:TTWO) shares, rose in value, with the stock price up by 0.73% to the previous day’s close as strong demand from buyers drove the stock to $144.47.
Actively observing the price movement in the last trading, the stock closed the session at $143.43. Referring to stock’s 52-week performance, its high was $171.59, and the low was $119.57. On the whole, TTWO has fluctuated by -1.67% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.29B, with a low estimate of 1.27B and a high estimate of 1.34B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.3B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TTWO’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of TTWO currently trading nearly -1.81% and -2.20% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.53, while the 7-day volatility ratio is showing 1.73% which for the 30-day chart, stands at 1.98%. Furthermore, Take-Two Interactive Software, Inc. (TTWO)’s beta value is 0.74, and its average true range (ATR) is 3.05.
A comparison of Take-Two Interactive Software, Inc. (TTWO) with its peers suggests the former has fared considerably weaker in the market. TTWO showed an intraday change of 0.73% in last session, and over the past year, it grew by 18.81%%.
Data on historical trading for Take-Two Interactive Software, Inc. (NASDAQ:TTWO) indicates that the trading volumes over the past 3 months, they’ve averaged 1.79 million. According to company’s latest data on outstanding shares, there are 168.90 million shares outstanding.
Nearly 8.01% of Take-Two Interactive Software, Inc.’s shares belong to company insiders and institutional investors own 90.07% of the company’s shares. The stock has fallen by -10.24% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TTWO stock heading into the next quarter.
