The Take-Two Interactive Software Inc. (TTWO) shares are trading at lower $167.11 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $181.77.
To add more color to this target, the company’s high over the last year is $180.61 and the low is $100.00. Over the last 52 weeks, TTWO is down -7.47% while the S&P 500 is down -0.83%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, TTWO reported a profit of $354.62 million. Take-Two Interactive Software Inc. also saw revenues increase to $831.31 million. In addition, TTWO has free cash flow of $436.52 million as of 06-2020. The company’s EBITDA came in at $156.87 million which compares well with its peers.
TTWO booked profit margins of 13.20%, its Return on Equity (ROE) is 18.30%, and its Return on Assets is 8.90%. All told, it is clear that, TTWO needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. TTWO has a short ratio of 1.67 and outstanding shares of 113.86M.
TTWO has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.21 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 3.90. Take-Two Interactive Software Inc. TTWO also noted assets of $5.37 billion at the end of the last quarter. Investors should also keep an eye on sector updates as TTWO has historically followed its peers on positive news.
All told, Take-Two Interactive Software Inc. TTWO has strung together solid data and demonstrated underlying fundamentals. At its current valuation, TTWO represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Take-Two Interactive Software Inc. TTWO is now commanding a market cap of 19.37B and a float of 112.49M. TTWO is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of TTWO stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in TTWO, either long or short, and we have not been compensated for this article.