Activision Blizzard Inc. [NASDAQ: ATVI] loss -1.42% or -1.45 points to close at $100.80 with a heavy trading volume of 4369531 shares. The company report on February 20, 2021 that CORRECTING and REPLACING Blizzard® Arcade Collection Brings Back the Games That Led to the Creation of Blizzard Entertainment.
Enhanced releases of The Lost Vikings®, Rock N Roll Racing®, and Blackthorne® now available on Battle.net®, Nintendo Switch™, PlayStation®4, and Xbox One.
Eighth paragraph, third sentence of release should read: The Definitive Edition of the game includes a “fog of war” map that uncovers as players explore each level. (instead of..includes an additional area to explore—previously only available in the 32-bit version of Blackthorne—as well as a “fog of war” map..).
It opened the trading session at $102.95, the shares rose to $103.08 and dropped to $100.585, the range by which the price of stock traded the whole day. The daily chart for ATVI points out that the company has recorded 22.96% gains over the past six months. However, it is still -99.56% lower than its most recent low trading price.
If we look at the average trading volume of 6.23M shares, ATVI reached to a volume of 4369531 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Activision Blizzard Inc. [ATVI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ATVI shares is $111.48 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ATVI stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for Activision Blizzard Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 26, 2021. While these analysts kept the previous recommendation, Deutsche Bank raised their target price from $75 to $90. The new note on the price target was released on October 13, 2020, representing the official price target for Activision Blizzard Inc. stock. Previously, the target price had yet another drop from $95 to $80, while BMO Capital Markets kept a Market Perform rating on ATVI stock. On July 02, 2020, analysts increased their price target for ATVI shares from 75 to 90.
The Average True Range (ATR) for Activision Blizzard Inc. is set at 2.44, with the Price to Sales ratio for ATVI stock in the period of the last 12 months amounting to 9.77. The Price to Book ratio for the last quarter was 5.41, with the Price to Cash per share for the same quarter was set at 9.70. Price to Free Cash Flow for ATVI in the course of the last twelve months was 38.74.
Trading performance analysis for ATVI stock
Activision Blizzard Inc. [ATVI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.36. With this latest performance, ATVI shares gained by 5.97% in over the last four-week period, additionally plugging by 22.96% over the last 6 months – not to mention a rise of 57.50% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ATVI stock in for the last two-week period is set at 62.26, with the RSI for the last a single of trading hit 59.20, and the three-weeks RSI is set at 62.89 for Activision Blizzard Inc. [ATVI]. The present Moving Average for the last 50 days of trading for this stock 92.55, while it was recorded at 102.43 for the last single week of trading, and 81.87 for the last 200 days.
Activision Blizzard Inc. [ATVI]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Activision Blizzard Inc. [ATVI] shares currently have an operating margin of +34.97 and a Gross Margin at +71.91. Activision Blizzard Inc.’s Net Margin is presently recorded at +27.17.
Return on Total Capital for ATVI is now 16.44, given the latest momentum, and Return on Invested Capital for the company is 12.80. Return on Equity for this stock inclined to 15.78, with Return on Assets sitting at 10.23. When it comes to the capital structure of this company, Activision Blizzard Inc. [ATVI] has a Total Debt to Total Equity ratio set at 23.97. Additionally, ATVI Total Debt to Total Capital is recorded at 19.34, with Total Debt to Total Assets ending up at 15.60. Long-Term Debt to Equity for the company is recorded at 23.97, with the Long-Term Debt to Total Capital now at 19.34.
Receivables Turnover for the company is 8.51 with a Total Asset Turnover recorded at a value of 0.38.Activision Blizzard Inc.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 4.10.
Activision Blizzard Inc. [ATVI]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Activision Blizzard Inc. posted 0.58/share EPS, while the average EPS was predicted by analysts to be reported at 0.38/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 52.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ATVI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Activision Blizzard Inc. go to 17.83%.
An analysis of insider ownership at Activision Blizzard Inc. [ATVI]
There are presently around $67,295 million, or 88.60% of ATVI stock, in the hands of institutional investors. The top three institutional holders of ATVI stocks are: VANGUARD GROUP INC with ownership of 59,862,085, which is approximately -0.921% of the company’s market cap and around 0.70% of the total institutional ownership; BLACKROCK INC., holding 58,457,312 shares of the stock with an approximate value of $5.89 billion in ATVI stocks shares; and FMR LLC, currently with $4.88 billion in ATVI stock with ownership of nearly -12.061% of the company’s market capitalization.
Positions in Activision Blizzard Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 711 institutional holders increased their position in Activision Blizzard Inc. [NASDAQ:ATVI] by around 66,032,709 shares. Additionally, 510 investors decreased positions by around 60,927,515 shares, while 133 investors held positions by with 540,652,788 shares. The mentioned changes placed institutional holdings at 667,613,012 shares, according to the latest SEC report filing. ATVI stock had 205 new institutional investments in for a total of 24,952,998 shares, while 105 institutional investors sold positions of 6,740,767 shares during the same period.