Activision Blizzard Inc. [NASDAQ: ATVI] slipped around -0.93 points on Wednesday, while shares priced at $92.32 at the close of the session, down -1.00%. The company report on July 1, 2021 that Stand Tall with the Alliance in United in Stormwind™, Coming to Hearthstone® August 3.
Latest 135-card expansion is inspired by the city of Stormwind, a World of Warcraft® hallmark, and features new mechanics that evoke players’ cherished formative adventures.
The Year of the Gryphon’s grand narrative soars on, continuing the stories of Hearthstone’s newest heroes in novel Questline cards.
Activision Blizzard Inc. stock is now -0.57% down from its year-to-date (YTD) trading value. ATVI Stock saw the intraday high of $93.77 and lowest of $92.10 per share. The company’s 52-week high price is 104.53, which means current price is +5.58% above from all time high which was touched on 02/16/21.
Compared to the average trading volume of 5.52M shares, ATVI reached a trading volume of 4885804 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $116.66 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 1.90. 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.
MoffettNathanson have made an estimate for Activision Blizzard Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 24, 2021. The new note on the price target was released on May 11, 2021, representing the official price target for Activision Blizzard Inc. stock. Previously, the target price had yet another raise from $118 to $120, while The Benchmark Company kept a Buy rating on ATVI stock.
The Average True Range (ATR) for Activision Blizzard Inc. is set at 1.71, with the Price to Sales ratio for ATVI stock in the period of the last 12 months amounting to 8.35. The Price to Book ratio for the last quarter was 4.67, with the Price to Cash per share for the same quarter was set at 12.18. Price to Free Cash Flow for ATVI in the course of the last twelve months was 24.97.
How has ATVI stock performed recently?
Activision Blizzard Inc. [ATVI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.06. With this latest performance, ATVI shares dropped by -6.92% in over the last four-week period, additionally plugging by 3.44% over the last 6 months – not to mention a rise of 15.73% 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 43.20, with the RSI for the last a single of trading hit 40.61, and the three-weeks RSI is set at 45.06 for Activision Blizzard Inc. [ATVI]. The present Moving Average for the last 50 days of trading for this stock 94.40, while it was recorded at 92.61 for the last single week of trading, and 89.92 for the last 200 days.
Activision Blizzard Inc. [ATVI]: Deeper insight into the 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 analysis for Activision Blizzard Inc. [ATVI]
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 16.09%.
Insider trade positions for Activision Blizzard Inc. [ATVI]
There are presently around $62,584 million, or 89.80% of ATVI stock, in the hands of institutional investors. The top three institutional holders of ATVI stocks are: VANGUARD GROUP INC with ownership of 64,338,962, which is approximately 7.479% of the company’s market cap and around 0.80% of the total institutional ownership; BLACKROCK INC., holding 58,122,393 shares of the stock with an approximate value of $5.37 billion in ATVI stocks shares; and FMR LLC, currently with $4.04 billion in ATVI stock with ownership of nearly -9.694% of the company’s market capitalization.
Positions in Activision Blizzard Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 661 institutional holders increased their position in Activision Blizzard Inc. [NASDAQ:ATVI] by around 56,868,206 shares. Additionally, 557 investors decreased positions by around 55,532,167 shares, while 167 investors held positions by with 565,499,952 shares. The mentioned changes placed institutional holdings at 677,900,325 shares, according to the latest SEC report filing. ATVI stock had 137 new institutional investments in for a total of 5,810,760 shares, while 119 institutional investors sold positions of 7,443,783 shares during the same period.