Take-Two Interactive (TTWO, $123.33) sets release date for "Red Dead Redemption 2" PC version
On Friday, Take-Two Interactive’s Rockstar Games unit announced the release date of a PC version of its popular video game.
"Red Dead Redemption 2" title would be available on PCs starting Nov. 5. The game is a prequel to the western-themed frontier game Red Redemption.
Take-Two has promised bonuses to players who pre-order the game on its platform between Oct. 9 and Oct. 22.
According to the company, the PC version is set to have a range of graphical and technical enhancements for increased immersion along with new Bounty Hunting Missions, Gang Hideouts, Weapons and more.
The PC version will include access to an online version of the title. Players can also access the game on Google's new Stadia cloud gaming platform.
Momentum Indicator for TTWO turns negative, indicating new downward trend
TTWO saw its Momentum Indicator move below the 0 level on June 02, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 99 similar instances where the indicator turned negative. In of the 99 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for TTWO moved out of overbought territory on May 31, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 30 similar instances where the indicator moved out of overbought territory. In of the 30 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 71 cases where TTWO's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TTWO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
TTWO broke above its upper Bollinger Band on May 18, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for TTWO just turned positive on May 18, 2023. Looking at past instances where TTWO's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TTWO advanced for three days, in of 324 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 240 cases where TTWO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. TTWO’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.575) is normal, around the industry mean (31.480). P/E Ratio (61.728) is within average values for comparable stocks, (167.649). Projected Growth (PEG Ratio) (1.035) is also within normal values, averaging (4.158). Dividend Yield (0.000) settles around the average of (0.068) among similar stocks. P/S Ratio (4.110) is also within normal values, averaging (75.604).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. TTWO’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
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Industry description
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High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a developer of interactive entertainment software
Industry PackagedSoftware
TTWO and
Correlation & Price change
A.I.dvisor indicates that over the last year, TTWO has been loosely correlated with EA. These tickers have moved in lockstep 62% of the time. This A.I.-generated data suggests there is some statistical probability that if TTWO jumps, then EA could also see price increases.
| Ticker / NAME | Correlation To TTWO | 1D Price Change % | ||
|---|---|---|---|---|
| TTWO | 100% | -0.58% | ||
| EA - TTWO | 62% Loosely correlated | -0.51% | ||
| PLTK - TTWO | 55% Loosely correlated | +0.20% | ||
| FLYW - TTWO | 52% Loosely correlated | -0.03% | ||
| RCM - TTWO | 51% Loosely correlated | -0.30% | ||
| COIN - TTWO | 50% Loosely correlated | -9.05% | ||
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