Activision Blizzard Inc. [ATVI] Stock trading around $79.32 per share: What’s Next?

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Activision Blizzard Inc. [NASDAQ: ATVI] closed the trading session at $79.32 on 08/02/22. The day’s price range saw the stock hit a low of $79.17, while the highest price level was $80.35. The company report on August 2, 2022 that The Game is Afoot in the Newest Hearthstone® Expansion, Murder at Castle Nathria™.


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135 all-new cards to embroil players in the motive, means, and drama of a mystery from the shadowed Castle Nathria.

Murder at Castle Nathria™, the latest expansion for Blizzard Entertainment’s sensational digital card game Hearthstone®, is now live. Sire Denathrius—former leader of Revendreth—has invited his enemies as guests to his Castle for an elegant dinner soirée. The evening is going smoothly…until suddenly, the Sire himself is murdered! Now, with the castle turned into a crime scene, it’s up to players—and the brainy Murloc Holmes—to figure out whodunit.

The stocks have a year to date performance of 19.22 percent and weekly performance of -0.18 percent. The stock has been moved at 0.39 percent over the last six months. The stock has performed 0.95 percent around the most recent 30 days and changed 1.61 percent over the most recent 3-months.

If compared to the average trading volume of 5.20M shares, ATVI reached to a volume of 4291190 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 $94.22 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 2.30. 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 July 25, 2022. While these analysts kept the previous recommendation, MKM Partners raised their target price from $54 to $95. The new note on the price target was released on January 18, 2022, representing the official price target for Activision Blizzard Inc. stock. On December 20, 2021, analysts decreased their price target for ATVI shares from 95 to 77.

The Average True Range (ATR) for Activision Blizzard Inc. is set at 0.99, with the Price to Sales ratio for ATVI stock in the period of the last 12 months amounting to 7.46. The Price to Book ratio for the last quarter was 3.47, with the Price to Cash per share for the same quarter was set at 14.27. Price to Free Cash Flow for ATVI in the course of the last twelve months was 28.94 with Quick ratio for the last quarter at 5.50.

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 -0.18. With this latest performance, ATVI shares gained by 0.95% in over the last four-week period, additionally plugging by 0.39% over the last 6 months – not to mention a drop of -4.16% 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 55.93, with the RSI for the last a single of trading hit 55.08, and the three-weeks RSI is set at 55.20 for Activision Blizzard Inc. [ATVI]. The present Moving Average for the last 50 days of trading for this stock 77.64, while it was recorded at 79.73 for the last single week of trading, and 74.94 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 +37.90 and a Gross Margin at +73.60. Activision Blizzard Inc.’s Net Margin is presently recorded at +30.66.

Return on Equity for this stock inclined to 16.54, with Return on Assets sitting at 11.21.

Activision Blizzard Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.50 and a Current Ratio set at 5.50.

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 10.79%.

Activision Blizzard Inc. [ATVI]: Insider Ownership positions

There are presently around $50,550 million, or 84.60% of ATVI stock, in the hands of institutional investors. The top three institutional holders of ATVI stocks are: BERKSHIRE HATHAWAY INC with ownership of 64,315,222, which is approximately 338.769% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 63,455,240 shares of the stock with an approximate value of $5.03 billion in ATVI stocks shares; and BLACKROCK INC., currently with $4.8 billion in ATVI stock with ownership of nearly -1.369% 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 568 institutional holders increased their position in Activision Blizzard Inc. [NASDAQ:ATVI] by around 142,565,485 shares. Additionally, 622 investors decreased positions by around 155,230,546 shares, while 171 investors held positions by with 339,494,838 shares. The mentioned changes placed institutional holdings at 637,290,869 shares, according to the latest SEC report filing. ATVI stock had 208 new institutional investments in for a total of 40,455,344 shares, while 163 institutional investors sold positions of 29,268,289 shares during the same period.

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