|Bid||102.50 x 1000|
|Ask||103.92 x 1000|
|Day's Range||102.32 - 105.90|
|52 Week Range||92.81 - 139.91|
|Beta (3Y Monthly)||1.47|
|PE Ratio (TTM)||56.41|
|Earnings Date||Feb 5, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||143.58|
The video game industry has not been treated kindly by the stock market recently. Despite the sector’s impressive unit sales, shares of Activision Blizzard (NASDAQ:ATVI), Take-Two Interactive (NASDAQ:TTWO) and Electronic Arts (NASDAQ:EA) have been hammered in recent months. The largest name in the sector is Activision stock, so many investors are looking closely at it.
Despite strong sales of its core offerings, near-term challenges have weighed down the stock. Now, TTWO stock has fallen to levels not seen since the spring. Due to this negative market psychology, winning with TTWO stock will require a unique set of gaming skills.
At Insider Monkey we follow around 700 of the best-performing investors and even though many of them lost money in the last couple of months (70% of hedge funds lost money in October whereas S&P 500 ETF lost about 7%), the history teaches us that over the long-run they still manage to beat the market, […]
It hasn’t been a great few months for Chinese internet giant Tencent (OTCMKTS:TCEHY). Tencent stock has dropped nearly 40% off its high in 2018, but it fits in with a bigger, long-term thesis out there. It goes something like this: China tech stocks have broadly dropped to relatively anemic valuation levels, but growth rates across the board remain robust and China’s economy, while slowing, is still growing at an impressive 6% rate. Tencent still has robust exposure to all things internet in China, and is still growing revenues at a 20% clip.
Private Division and Obsidian Entertainment today announced The Outer Worlds. Co-game directors Tim Cain and Leonard Boyarsky, original creators of Fallout, have reunited for this new single-player RPG from the renowned team at Obsidian, developers of Fallout: New Vegas, Star Wars: Knights of the Old Republic II, South Park: The Stick of Truth, and the Pillars of Eternity franchise. The Outer Worlds will be available in calendar 2019, during Take-Two’s fiscal year 2020 (ending March 31, 2020) on PC, PlayStation®4 system, and across the Xbox One family of devices, including Xbox One X.
Private Division and Panache Digital Games today announced that Ancestors: The Humankind Odyssey will launch in calendar 2019, during Take-Two’s fiscal year 2020 (ending March 31, 2020) digitally on PC, PlayStation®4 system, and across the Xbox One family of devices, including Xbox One X. Ancestors: The Humankind Odyssey is the debut title from Panache Digital Games, the independent development studio co-founded in 2014 by Patrice Désilets, original creative director of Assassin’s Creed.
In the latest trading session, Take-Two Interactive (TTWO) closed at $101.69, marking a -1.71% move from the previous day.
NEW YORK, Dec. 04, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
NEW YORK, NY / ACCESSWIRE / December 4, 2018 / U.S. markets closed up on Monday as the U.S. and China came to an agreement of a 90-day trade war truce at the G-20 meeting in Argentina. The Dow Jones Industrial ...
Take-Two Interactive Software (NASDAQ:TTWO) began the week on a difficult note as TTWO stock fell more than 5% due to an issue with the video game studio’s current leading title Red Dead Redemption 2. The online mode of the game has a major problem with its virtual economy, according to a Forbes story released over the weekend. The story noted that the game’s online economy offers a “painfully slow” earn rate, meaning that the amount of time it takes the game’s characters to earn virtual cash is too large compared to how much virtual currency they actually bring in.
(Bloomberg) -- Red Dead Online has a problem with its virtual economy, and that’s taking a real-life toll on the game’s developer, Take-Two Interactive Software Inc.
The recent market pullback has resulted in several gaming stocks trading at 52-week lows. We’ve seen that Activision Blizzard (ATVI), Electronic Arts (EA), Take-Two Interactive (TTWO), Zynga (ZNGA), and Glu Mobile (GLUU) are trading at discounts of 48%, 49%, 32%, 30%, and 5%, respectively, to their 12-month analyst price targets.
BofAML’s Justin Post reiterated a Buy rating on the company’s stock, citing a large opportunity for the multiplayer component to its game.
Take-Two Interactive Software Inc. (Nasdaq: TTWO) is down over 5% as of 3:05 P.M. EDT following an article by Paul Tassi, a senior contributor to Forbes, which stated that the economy of Red Dead Online “seems broken to the point where it’s hard to know what Rockstar was thinking releasing it in this state,” and noting that the “earn rate for both types of currency is painfully slow,” which does not support the “ludicrous” pricing of items, such as weapons. If you’re not a gamer, then this may not make all that much sense to you, but what Mr. Tassi is saying is that it takes too long to earn the virtual currency that is used to purchase items in the online version of Red Dead Redemption, which negatively impacts the user experience because gamers don’t want to be forced to purchase things with their credit cards.
The stock is currently trading 22% below its 52-week high of $139.91. The company’s management is optimistic about games such as Grand Theft Auto and NBA 2K as well. Take-Two is no longer dependent on just the Grand Theft Auto franchise for revenue growth.
Epic Games' blockbuster online combat game "Fortnite" is showing no signs of a slowdown. "Fortnite" was first announced at the 2013 Spike Video Games Awards and became available as "Fortnight: Save The World" for Early Access on Windows, Xbox, Mac and PlayStation in July 2017. Four players take on husks and monsters in this paid version.
Investing.com - There was no redemption for GameStop Friday after it slashed fourth-quarter guidance, raising fears that the videogame retailer is fast becoming irrelevant as gamers shy away from in-store shopping in favor of digital purchases.
As we near the end of 2018, it’s safe to say that it’s been a tough year for equity investors. Indeed, some stocks got hit more than others: Electronic Arts (NASDAQ:EA) stock, like Facebook (NASDAQ:FB), got shellacked, with EA down more than 20% year-to-date. Facebook’s problems are self-inflicted whereas EA is suffering from a shift in trend, and it’s not alone.
Home to an array of growth and momentum stocks, it is not surprising that the ETFMG Video Game Tech ETF (NYSEARCA: GAMR) was caught up in the recent bout of equity market volatility. GAMR, the first exchange traded fund dedicated to the video game investment thesis, entered Wednesday with a fourth-quarter loss of 15.50%. Some data points suggest video game stocks can bounce back.
Take-Two's strategy to win market share is to produce a "limited number" of games that are of the "highest quality" and can succeed in global markets, Zelnick said. For example, the "Red Dead Redemption" franchise is a Western-themed game that appears to have a "uniquely American" theme. Take-Two's momentum comes at a time of regulatory scrutiny, as U.S. regulators are looking into "loot boxes" gamers purchase inside a video game for cash as a potential form of gambling.