Activision Blizzard Inc. [NASDAQ: ATVI] closed the trading session at $91.60 on 04/27/21. The day’s price range saw the stock hit a low of $91.26, while the highest price level was $94.86. The company report on April 23, 2021 that Call of Duty: Warzone Transforms To 1984.
Call of Duty: Warzone Experiences Biggest Update Yet as Season Three of Warzone and Black Ops Cold War Kicks-Off Most Ambitious Free Content Offering in Call of Duty History.
Warzone Crosses 100 Million Players, Call of Duty Franchise Premium Game Sales Surpass 400 Million Units Life to Date.
The stocks have a year to date performance of -1.35 percent and weekly performance of -3.04 percent. The stock has been moved at 13.03 percent over the last six months. The stock has performed -0.87 percent around the most recent 30 days and changed -0.84 percent over the most recent 3-months.
If compared to the average trading volume of 5.85M shares, ATVI reached to a volume of 8787106 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $113.20 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.
The Benchmark Company have made an estimate for Activision Blizzard Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 26, 2021. While these analysts kept the previous recommendation, Jefferies raised their target price to Buy. The new note on the price target was released on April 23, 2021, representing the official price target for Activision Blizzard Inc. stock. Previously, the target price had yet another raise to $109, while Raymond James analysts kept a Outperform rating on ATVI stock. On October 13, 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 2.04, with the Price to Sales ratio for ATVI stock in the period of the last 12 months amounting to 8.84. The Price to Book ratio for the last quarter was 4.70, with the Price to Cash per share for the same quarter was set at 11.29. Price to Free Cash Flow for ATVI in the course of the last twelve months was 32.88.
ATVI stock trade performance evaluation
Activision Blizzard Inc. [ATVI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.04. With this latest performance, ATVI shares dropped by -0.87% in over the last four-week period, additionally plugging by 13.03% over the last 6 months – not to mention a rise of 36.59% 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 40.56, with the RSI for the last a single of trading hit 35.06, and the three-weeks RSI is set at 43.94 for Activision Blizzard Inc. [ATVI]. The present Moving Average for the last 50 days of trading for this stock 94.72, while it was recorded at 93.15 for the last single week of trading, and 86.46 for the last 200 days.
Activision Blizzard Inc. [ATVI]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Activision Blizzard Inc. [ATVI] shares currently have an operating margin of +35.00 and a Gross Margin at +71.92. Activision Blizzard Inc.’s Net Margin is presently recorded at +27.16.
Return on Total Capital for ATVI is now 16.32, given the latest momentum, and Return on Invested Capital for the company is 12.72. 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 25.90. Additionally, ATVI Total Debt to Total Capital is recorded at 20.57, with Total Debt to Total Assets ending up at 16.85. Long-Term Debt to Equity for the company is recorded at 25.46, with the Long-Term Debt to Total Capital now at 20.23.
Reflecting on the efficiency of the workforce at the company, Activision Blizzard Inc. [ATVI] managed to generate an average of $231,263 per employee. 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 3.40.
Earnings per share (EPS) analysis for Activision Blizzard Inc. [ATVI] stock
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%.
Activision Blizzard Inc. [ATVI]: Insider Ownership positions
There are presently around $63,781 million, or 90.70% 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 $5.51 billion in ATVI stocks shares; and FMR LLC, currently with $4.57 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 May and at the time of the May reporting period, where 709 institutional holders increased their position in Activision Blizzard Inc. [NASDAQ:ATVI] by around 66,659,666 shares. Additionally, 517 investors decreased positions by around 61,210,715 shares, while 134 investors held positions by with 548,921,433 shares. The mentioned changes placed institutional holdings at 676,791,814 shares, according to the latest SEC report filing. ATVI stock had 188 new institutional investments in for a total of 24,741,377 shares, while 113 institutional investors sold positions of 6,705,424 shares during the same period.