Market Analysts see Activision Blizzard Inc. [ATVI] falling to $77. Time to buy?

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Activision Blizzard Inc. [NASDAQ: ATVI] surged by $0.22 during the normal trading session on Friday and reaching a high of $64.895 during the day while it closed the day at $64.04. The company report on January 5, 2022 that Activision Blizzard to Release Fourth Quarter 2021 Financial Results on February 3, 2022.

Activision Blizzard, Inc. (Nasdaq: ATVI) intends to release its fourth quarter 2021 results after the close of the market on Thursday, February 3, 2022. In conjunction with this release, Activision Blizzard will host a conference call that will be broadcast over the internet.


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Thursday, February 3, 20221:30 p.m. Pacific Time (4:30 p.m. Eastern Time)To listen to the call, please log onto:http://investor.activision.com Or dial:U.S. and Canada: 1-866-777-2509International: 1-412-317-5413.

Activision Blizzard Inc. stock has also loss -3.74% of its value over the past 7 days. However, ATVI stock has declined by -17.48% in the 3 months of the year. Over the past six months meanwhile, it has lost -31.07% and lost -3.74% year-on date.

The market cap for ATVI stock reached $49.71 billion, with 778.00 million shares outstanding and 773.22 million shares in the current float. Compared to the average trading volume of 11.59M shares, ATVI reached a trading volume of 21272352 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 $92.47 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.

Stifel have made an estimate for Activision Blizzard Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 20, 2021. While these analysts kept the previous recommendation, MKM Partners dropped their target price from $75 to $54. The new note on the price target was released on November 22, 2021, representing the official price target for Activision Blizzard Inc. stock. Previously, the target price had yet another drop from $100 to $88, while JP Morgan kept a Neutral rating on ATVI stock.

The Average True Range (ATR) for Activision Blizzard Inc. is set at 1.54, with the Price to Sales ratio for ATVI stock in the period of the last 12 months amounting to 5.49. The Price to Book ratio for the last quarter was 2.94, with the Price to Cash per share for the same quarter was set at 12.88. Price to Free Cash Flow for ATVI in the course of the last twelve months was 17.68.

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 -3.74. With this latest performance, ATVI shares gained by 8.05% in over the last four-week period, additionally sinking by -31.07% over the last 6 months – not to mention a drop of -29.86% 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 48.10, with the RSI for the last a single of trading hit 45.21, and the three-weeks RSI is set at 46.91 for Activision Blizzard Inc. [ATVI]. The present Moving Average for the last 50 days of trading for this stock 64.57, while it was recorded at 65.75 for the last single week of trading, and 81.95 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 5.60.

Earnings per share (EPS) analysis for Activision Blizzard Inc. [ATVI] stock

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 13.27%.

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Activision Blizzard Inc. [ATVI]: Insider Ownership positions

There are presently around $42,269 million, or 88.20% of ATVI stock, in the hands of institutional investors. The top three institutional holders of ATVI stocks are: VANGUARD GROUP INC with ownership of 64,780,411, which is approximately 0.816% of the company’s market cap and around 0.60% of the total institutional ownership; BLACKROCK INC., holding 58,141,430 shares of the stock with an approximate value of $3.72 billion in ATVI stocks shares; and PUBLIC INVESTMENT FUND, currently with $2.43 billion in ATVI stock with ownership of nearly 0% 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 590 institutional holders increased their position in Activision Blizzard Inc. [NASDAQ:ATVI] by around 77,070,099 shares. Additionally, 635 investors decreased positions by around 80,164,706 shares, while 145 investors held positions by with 502,803,323 shares. The mentioned changes placed institutional holdings at 660,038,128 shares, according to the latest SEC report filing. ATVI stock had 115 new institutional investments in for a total of 17,925,904 shares, while 188 institutional investors sold positions of 15,451,456 shares during the same period.