Take-Two Interactive Software, Inc. (NASDAQ:TTWO), with a trailing 12-month price-to-sales ratio of 6.02, is now among the bigger bargains in its industry. The broad Computer Software: Prepackaged Software industry has an average P/S ratio of 9.6, which is significantly worse than the sector’s 1.93. In the past 13-year record, this ratio went down as low as 0.33 and as high as 8.89. Also, it is down from 0.82 of the total 1840 rivals across the globe.
TTWO traded at an unexpectedly low level on 12/27/2018 when the stock experienced a 1.45% gain to a closing price of $106.15. The company saw 1.9 million shares trade hands over the course of the day. Given that its average daily volume over the 30 days has been 2.75 million shares a day, this signifies a pretty significant change over the norm.
Take-Two Interactive Software, Inc. (TTWO) Analyst Gushes
Analysts are speculating a 50.73% move, based on the high target price ($160) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $143.14 price target, but the stock is already up 14.37% from its recent lows. However, the stock is trading at -24.13% versus recent highs ($139.91). Analysts believe that we could see stock price minimum in the $108 range (lowest target price), allowing for another 1.74% jump from its current position. Leading up to this report, we have seen a -3.88% fall in the stock price over the last 30 days and a -21.1% decline over the past 3 months. Overall, the share price is down -3.31% so far this year. Additionally, TTWO had a day price range of $99.64 to $104.7099.
Take-Two Interactive Software, Inc. (TTWO) Price Potential
Heading into the stock price potential, Take-Two Interactive Software, Inc. needs to grow just 38.48% to cross its median price target of $147. In order to determine directional movement, the 50-day and 200-day moving averages for Take-Two Interactive Software, Inc. (NASDAQ:TTWO) are $107.06 and $121.18. Given that liquidity is king in short-term, TTWO is a stock with 116.88 million shares outstanding that normally trades 4.87% of its float. The stock price recently experienced a 5-day gain of 3.01% with 5.01 average true range (ATR). TTWO has a beta of 1.04 and RSI is 49.57.
Investors also need to beware of the Quantum Corporation (NYSE:QTM) valuations. The stock trades on a P/S of 0.18, which suggests that the shares are attractive compared with peers. The broad Communication Equipment industry has an average P/S ratio of 0.77, which is significantly better than the sector’s 123.63.
Quantum Corporation (QTM)’s Lead Over its Technicals
Quantum Corporation by far traveled 42.86% versus a 1-year low price of $1.05. The share price was last seen 23.97% higher, reaching at $1.5 on Dec. 27, 2018. At recent session, the prices were hovering between $1.05 and $1.38. This company shares are 433.33% off its target price of $8 and the current market capitalization stands at $52.01M. The recent change has given its price a -35.01% deficit over SMA 50 and -77.13% deficit over its 52-week high. The stock witnessed -41.86% declines, -39.02% declines and -29.91% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found QTM’s volatility during a week at 18.84% and during a month it has been found around 11.32%.
Quantum Corporation (NYSE:QTM) Intraday Metrics
Quantum Corporation (QTM) exchanged hands at an unexpectedly low level of 1.86 million shares over the course of the day. Noting its average daily volume at 276.5 million shares each day over the month, this signifies a pretty significant change over the norm.