Market Analysts see Activision Blizzard Inc. [ATVI] gaining to $105. Time to buy?

Activision Blizzard Inc. [NASDAQ: ATVI] loss -4.25% or -3.38 points to close at $76.18 with a heavy trading volume of 12065319 shares. The company report on September 21, 2021 that SHAREHOLDER ALERT: CLAIMSFILER REMINDS ATVI, ZY INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuits.

ClaimsFiler, a FREE shareholder information service, reminds investors of pending deadlines in the following securities class action lawsuits:.

Activision Blizzard, Inc. (ATVI)Class Period: 8/4/2016 – 7/27/2021Lead Plaintiff Motion Deadline: October 4, 2021SECURITIES FRAUD To learn more, visit https://claimsfiler.com/cases/nasdaq-atvi-2/.

It opened the trading session at $78.64, the shares rose to $78.8192 and dropped to $74.87, the range by which the price of stock traded the whole day. The daily chart for ATVI points out that the company has recorded -17.08% loss over the past six months. However, it is still -7.01% lower than its most recent low trading price.

If we look at the average trading volume of 7.76M shares, ATVI reached to a volume of 12065319 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 $115.95 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 1.80. 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.

Citigroup have made an estimate for Activision Blizzard Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 13, 2021. The new note on the price target was released on August 09, 2021, representing the official price target for Activision Blizzard Inc. stock. Previously, the target price had yet another raise to $124, while MoffettNathanson analysts kept a Buy rating on ATVI stock.

The Average True Range (ATR) for Activision Blizzard Inc. is set at 2.27, with the Price to Sales ratio for ATVI stock in the period of the last 12 months amounting to 6.61. The Price to Book ratio for the last quarter was 3.63, with the Price to Cash per share for the same quarter was set at 12.42. Price to Free Cash Flow for ATVI in the course of the last twelve months was 23.75.

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 -2.99. With this latest performance, ATVI shares dropped by -8.40% in over the last four-week period, additionally sinking by -17.08% over the last 6 months – not to mention a drop of -4.88% 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 34.87, with the RSI for the last a single of trading hit 32.70, and the three-weeks RSI is set at 36.17 for Activision Blizzard Inc. [ATVI]. The present Moving Average for the last 50 days of trading for this stock 83.72, while it was recorded at 78.22 for the last single week of trading, and 90.95 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 +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 4.80.

Activision Blizzard Inc. [ATVI]: An earnings per share (EPS) analysis

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 13.90%.

An analysis of insider ownership at Activision Blizzard Inc. [ATVI]

There are presently around $51,579 million, or 89.20% of ATVI stock, in the hands of institutional investors. The top three institutional holders of ATVI stocks are: VANGUARD GROUP INC with ownership of 64,256,297, which is approximately -0.128% of the company’s market cap and around 0.70% of the total institutional ownership; BLACKROCK INC., holding 57,874,023 shares of the stock with an approximate value of $4.41 billion in ATVI stocks shares; and PUBLIC INVESTMENT FUND, currently with $2.88 billion in ATVI stock with ownership of nearly 13.263% of the company’s market capitalization.

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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 699 institutional holders increased their position in Activision Blizzard Inc. [NASDAQ:ATVI] by around 39,883,976 shares. Additionally, 519 investors decreased positions by around 41,489,015 shares, while 170 investors held positions by with 595,688,916 shares. The mentioned changes placed institutional holdings at 677,061,907 shares, according to the latest SEC report filing. ATVI stock had 122 new institutional investments in for a total of 5,581,047 shares, while 108 institutional investors sold positions of 5,170,163 shares during the same period.

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