|Bid||92.40 x 800|
|Ask||94.44 x 1000|
|Day's Range||92.85 - 94.18|
|52 Week Range||84.41 - 139.91|
|Beta (3Y Monthly)||1.14|
|PE Ratio (TTM)||29.14|
|Earnings Date||May 13, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||121.64|
Video games have evolved in a multi-billion dollar industry supported by advancement in technology, high-speed connectivity, and customized gadgets.
Electronic Arts: What Can Investors Expect in Q4?(Continued from Prior Part)Forward PE ratioElectronic Arts (EA) has a forward PE ratio of 28.2x for 2019. The ratio might seem high given the company’s negative revenue and earnings growth this
Electronic Arts: What Can Investors Expect in Q4?(Continued from Prior Part)Gross profit margin The shift to digital gaming has driven the profit margins higher for Electronic Arts (EA) and its peers over the last few years. Electronic Arts’ gross
Electronic Arts: What Can Investors Expect in Q4?Electronic Arts’ revenues Electronic Arts (EA) is scheduled to announce its fourth-quarter results on May 7—fiscal 2019 ended in March. Analysts expect the company to post revenues of $1.19
Take-Two Interactive Software, Inc. (NASDAQ:TTWO), which is in the entertainment business, and is based in United States, saw significant share price movement during recent months on...
PCM's (PCMI) first-quarter 2019 earnings are likely to benefit from focus on areas like cloud and security solutions despite headwinds related to the U.S. government shutdown and Brexit.
Comcast (CMCSA) first-quarter earnings are likely to benefit from the expanding high-speed Internet subscriber base amid ongoing cord-cutting and stiff competition in the cable TV market.
An analyst who’s broadly positive about videogame stocks thinks Take-Two Interactive is attractively priced at current levels. Why it could be the best value in the industry.
Take-Two (TTWO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
These Tech Stocks Could Be Overvalued at Their Current Prices(Continued from Prior Part)ZNGA’s returns The stock of gaming company Zynga (ZNGA) has generated a return of 51% in the last 12 months. Since the start of 2019, the stock is up 36%.
Why Take-Two Interactive Might Be a Good Buy Right Now(Continued from Prior Part)Trading at a discount to estimates The average 12-month price target for Take-Two Interactive (TTWO) is $122.20, which is 30% below its current target price. Around 80%
So far, 2019 has been a difficult year for video-game stocks.The industry was rocked by the unexpected popularity of the free video game, Fortnite. Meanwhile, questions regarding in-game purchases have created uncertainty about how game makers will generate the bulk of their profits moving forward. However, with gaming stocks struggling to make a comeback, now could be great time to buy one or more of them.Source: Shutterstock Not all gaming stocks are created equally, especially now that the industry has become crowded and competitive. Many new trends emerged over the past year, including rising PC gameplay and the introduction of subscription services and in-game purchases. While all of the industry's larger players are working to take advantages of these new growth avenues, one stock stands apart for its commitment to continue doing what works for its customers: Take-Two Interactive (NASDAQ:TTWO). InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Wonderful REITs to Buy Today In-Game PurchasesUnlike many of its competitors, TTWO stock hasn't relied heavily on in-game purchases. The firm has added some in-game extras, but doesn't depend as heavily on that type of revenue as some of its peers. Last year, Activision Blizzard (NASDAQ:ATVI) made more money on so-called "microtransactions" than it did on sales of games. By contrast, only about a third of TTWO's revenue comes from in-game purchases. Some may see that as a negative because Take-Two isn't capitalizing on a money-making opportunity. However the firm's decision to limit the amount of in-game purchases has resonated well with its audience and positioned TTWO's games as offering better value than many others on the market. Snubbing PCsAnother divergent path that TTWO has taken is remaining focused on its console offerings. PC gaming has been becoming more popular, leading firms like Activision and Electronic Arts (NASDAQ:EA) to develop a wide range of PC games in addition to their console offerings. Take-Two has released a PC version of the latest version of its Grand Theft Auto franchise, but so far TTWO has not released a PC version of its Red Dead Redemption 2 game.Again, this could easily be classified as a missed opportunity, but TTWO is sticking to what it does best: making great console games. Instead of trying to do everything for every kind of gamer, Take-Two is focused on keeping its console content high-quality. Ultimately, that approach should be favorable for TTWO stock. Mobile MarketWhile Take-Two has decided not to embrace some of the emerging trends in the gaming sector, the firm is looking to exploit the growth of gaming on mobile devices. TTWO acquired Social Point back in 2017 in an effort to beef up its mobile-game portfolio, and the company has promised to expand its mobile-sports-game offerings and roll out other new games for mobile devices in the years to come. Content Is King for TTWO StockThere's no argument that Take-Two has some of the best content in the industry; that's what truly sets it apart from other game makers. Management has tried to preserve that reputation by basing most of its strategic decisions on maintaining its high level of quality, even as the firm looks to exploit new growth avenues.TTWO stock is heavily dependent on the success of two major franchises: Grand Theft Auto and Red Dead Redemption. That's risky because it puts all of the eggs of the owners of TTWO stock into two baskets, but on the other hand, that laser focus has kept the company at the forefront of the gaming industry. The releases of Take-Two's latest games have rivaled blockbuster-movie premiers, putting the firm on another level compared to its peers. TTWO's Financials Make Take-Two Stock More AttractiveIt's also worth mentioning that TTWO stock is backed by a solid financial foundation, making TTWO stock more attractive. Take-Two has around $1 billion of cash on hand and virtually no debt obligations; that means the firm can easily survive a downturn and invest in new growth opportunities comfortably. The Bottom Line on Take-Two StockThe gaming sector is volatile, and TTWO stock does carry some risk. Compared to its peers, TTWO stock, with a price-earnings ratio of 56, isn't cheap. The firm's strategy, while bold and differentiated, exposes the owners of TTWO stock to a lot of risk, since TTWO stock will likely sink if a game from one of TTWO's key franchises isn't well-received.But if you're comfortable taking on some risk and you can sit through the inevitable volatility of the video-game market, Take-Two stock is certainly worth considering while its share price remains under $95. As of this writing, Laura Hoy did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post Why Take-Two Stock Stands Out From the Pack appeared first on InvestorPlace.
Why Take-Two Interactive Might Be a Good Buy Right Now(Continued from Prior Part)Price to earnings Take-Two Interactive (TTWO) has a forward PE ratio of 28.9x for 2019. This valuation seems reasonable given the company’s significant revenue and
Why Take-Two Interactive Might Be a Good Buy Right Now(Continued from Prior Part)NBA 2K19Take-Two Interactive (TTWO) will be banking on games such as Red Dead Redemption 2, NBA 2K19, and WWE 2K19 to drive sales in fiscal 2019 and beyond. Red Dead
Why Take-Two Interactive Might Be a Good Buy Right Now(Continued from Prior Part)Primary revenue driver in the last quarter Gaming companies such as Take-Two Interactive (TTWO), Electronic Arts (EA), and Activision Blizzard (ATVI) are highly
Why Take-Two Interactive Might Be a Good Buy Right Now(Continued from Prior Part)Take-Two’s sales are expected to rise 48% in 2019 Take-Twp Interactive’s (TTWO) sales have been rising steadily over the last few years as the company has focused on
Will Activision Blizzard Bounce Back after Its $29 Billion Loss?(Continued from Prior Part)PE ratio Activision Blizzard (ATVI) has a forward PE ratio of 35.9x for 2019. This ratio might seem high given the company’s negative revenue and earnings
Why Take-Two Interactive Might Be a Good Buy Right Now(Continued from Prior Part)Sales of $508.23 million estimated in the fourth quarterTake-Two Interactive (TTWO) is set to announce its fourth-quarter 2019 (year ended in March 2019) earnings
Why Take-Two Interactive Might Be a Good Buy Right NowStock has lost 8.6% this yearTake-Two Interactive (TTWO) stock had been on a roll for the last few years. The stock is up 370% in the last five years and 156% in the last three years. The stock
Are These Tech Stocks Attractive after Nearing 52-Week Lows?(Continued from Prior Part)TTWO has fallen 8.6% in 2019 Shares of gaming company Take-Two Interactive (TTWO) have fallen 8.6% since the start of 2019. The tech sell-off, tepid guidance, and
Activision (ATVI) announces that Sekiro: Shadows Die Twice game sales exceeded 2 million copies globally in less than 10 days of its release.
Take-Two Interactive Software, Inc. today announced that it plans to report financial results for its fourth quarter and fiscal year 2019, ended March 31, 2019, after the market close on Monday, May 13, 2019.
Will Activision Blizzard Bounce Back after Its $29 Billion Loss?(Continued from Prior Part)Activision Blizzard stock was trading at $84 in October 2018 Activision Blizzard (ATVI) stock was trading at ~$84 in October 2018. The stock has since lost 43%
Take-Two Interactive (TTWO) closed the most recent trading day at $94.11, moving -1.22% from the previous trading session.