Activision Blizzard Inc. [ATVI] Is Currently -0.89 below its 200 Period Moving Avg: What Does This Mean?

Activision Blizzard Inc. [NASDAQ: ATVI] plunged by -$0.69 during the normal trading session on Tuesday and reaching a high of $77.595 during the day while it closed the day at $76.84. The company report on September 1, 2022 that A Letter from CEO Bobby Kotick Regarding Activision Blizzard’s Merger With Microsoft.

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Activision Blizzard, Inc. (Nasdaq: ATVI) CEO Bobby Kotick today sent the following letter to all employees.

Activision Blizzard Inc. stock has also loss -2.43% of its value over the past 7 days. However, ATVI stock has declined by -1.22% in the 3 months of the year. Over the past six months meanwhile, it has lost -4.61% and gained 15.50% year-on date.

The market cap for ATVI stock reached $60.90 billion, with 782.00 million shares outstanding and 775.55 million shares in the current float. Compared to the average trading volume of 4.56M shares, ATVI reached a trading volume of 6625450 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 $93.09 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 0.81, with the Price to Sales ratio for ATVI stock in the period of the last 12 months amounting to 7.97. The Price to Book ratio for the last quarter was 3.29, with the Price to Cash per share for the same quarter was set at 13.54. Price to Free Cash Flow for ATVI in the course of the last twelve months was 31.62 with Quick ratio for the last quarter at 6.20.

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 -2.43. With this latest performance, ATVI shares dropped by -4.53% in over the last four-week period, additionally sinking by -4.61% over the last 6 months – not to mention a drop of -5.35% 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 27.13, with the RSI for the last a single of trading hit 15.48, and the three-weeks RSI is set at 35.47 for Activision Blizzard Inc. [ATVI]. The present Moving Average for the last 50 days of trading for this stock 79.04, while it was recorded at 78.01 for the last single week of trading, and 75.69 for the last 200 days.

Activision Blizzard Inc. [ATVI]: An insightful look at the core fundamentals

Activision Blizzard Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.20 and a Current Ratio set at 6.20.

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 10.85%.

Activision Blizzard Inc. [ATVI]: Insider Ownership positions

There are presently around $47,987 million, or 83.10% of ATVI stock, in the hands of institutional investors. The top three institutional holders of ATVI stocks are: BERKSHIRE HATHAWAY INC with ownership of 68,401,150, which is approximately 6.353% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 62,958,014 shares of the stock with an approximate value of $4.84 billion in ATVI stocks shares; and BLACKROCK INC., currently with $4.56 billion in ATVI stock with ownership of nearly -2.067% of the company’s market capitalization.

539 institutional holders increased their position in Activision Blizzard Inc. [NASDAQ:ATVI] by around 40,467,111 shares. Additionally, 585 investors decreased positions by around 54,925,289 shares, while 195 investors held positions by with 529,110,761 shares. The mentioned changes placed institutional holdings at 624,503,161 shares, according to the latest SEC report filing. ATVI stock had 126 new institutional investments in for a total of 6,268,142 shares, while 126 institutional investors sold positions of 6,318,257 shares during the same period.


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