Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $44.960 on Take-Two Interactive Software, Inc. (NASDAQ:TTWO) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.260 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) stands at 172.563.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Take-Two Interactive Software, , the PEG ratio for coming 3-5 years is 1.540.
The technical analysis highlights that Take-Two Interactive Software, current is trading $1.878 points away or +4.750% from its 50-day moving average of $39.537. Further it is trading $4.492 or +12.166% away its 200-day moving average of $36.923.
The 52-week high of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) was $42.980 while lowest point recorded in 52-week was $25.010. It implies if stock price makes a movement of over $-1.565, it will record a new 52-week high. In the case of +65.594% drop, it will touch a new 52-week low.
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