Take-Two Interactive Software, Inc (NASDAQ:TTWO) shares, rose in value, with the stock price down by -1.13% to the previous day’s close as strong demand from buyers drove the stock to $225.74.
Actively observing the price movement in the recent trading, the stock is buoying the session at $228.33. Referring to stock’s 52-week performance, its high was $240.78, and the low was $135.24. On the whole, TTWO has fluctuated by -2.15% over the past month.
With the market capitalization of Take-Two Interactive Software, Inc currently standing at about $40.05 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 6B, with a low estimate of 1.25B and a high estimate of 1.38B. 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 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of TTWO currently trading nearly -1.02% and 3.23% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.83, while the 7-day volatility ratio is showing 0.67% which for the 30-day chart, stands at 2.47%. Furthermore, Take-Two Interactive Software, Inc (TTWO)’s beta value is 1.04, and its average true range (ATR) is 6.70.
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 -1.13% in today’s session so far, and over the past year, it grew by 46.02%%.
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 2.25 million. According to company’s latest data on outstanding shares, there are 177.10 million shares outstanding.
Nearly 7.90% of Take-Two Interactive Software, Inc’s shares belong to company insiders and institutional investors own 89.83% of the company’s shares. The stock has risen by 22.63% 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.
