Activision Blizzard Inc. (ATVI) Is A Stock You Should Watch

At the last check on Friday, Activision Blizzard Inc.’s (NASDAQ:ATVI) stock was up $0.58, moving up 0.76 percent to $77.96. The average number of shares traded per day over the past five days has been 5,478,218 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.17 fall in that time frame. In the last twenty days, the average volume was 7,183,649, while in the previous 50 days, it was 6,877,700.

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Since last month, ATVI stock retreated -2.72%. Shares of the company fell to $75.33 on 04/29/22, the lowest level in the past month. A 52-week high of $99.46 was reached on 01/18/22 after having rallying from a 52-week low of $56.40. Since the beginning of this year, ATVI’s stock price has risen by 16.31% or $11.14, and marked a new high 3 times. However, the stock has declined by -21.61% since its 52-week high.

Activision Blizzard Inc. (ATVI) last reported insider trading activity 8 days ago on May 05. YANG JESSE, the Chief Accounting Officer of the company, disposed of 10,812 shares for $78.68 on May 05. It resulted in a $850,639 divestment by the insider. YANG JESSE sold 2,072 shares at an average price of $79.54 on Mar 15. The insider now owns 77,348 shares following the transaction. On Mar 14, President and COO Alegre Daniel sold 14,563 shares at $79.66 apiece. The transaction was valued at $1,160,089.

Valuation Metrics

Right now, Activision Blizzard Inc. (ATVI) has a P/E ratio of about 24.51. The stock’s beta is 0.55. Besides these, the trailing price-to-sales (P/S) ratio of 7.38, the price-to-book (PB) ratio of 3.38, and the price-to-cash flow ratio of 28.62 may also be considered.

The latest dividend of $0.47 per share was paid out, remained unchanged from last year’s $0.47. On Thursday February 4 2021, a $0.06 dividend increase was announced.

Financial Health

In the three months ended March 30, Activision Blizzard Inc.’s quick ratio stood at 5.50, while its current ratio was 5.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.20, and the total debt-to-equity ratio was 0.20. On the profitability front, the trailing twelve-month gross margin is 73.30% percent. In the year ended March 30, operating margins totaled 35.50%. Based on annual data, ATVI earned $6.49 billion in gross profit and brought in $8.8 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 13.20%. Return on equity (ROE) for the past 12 months was 14.40%.

In Activision Blizzard Inc.’s quarter-end financial report for March 30, it reported total debt of $3.61 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ATVI’s revenue fell -28.68% to $2.16 billion during the quarter, while net income inched up to $1.77 billion. While analysts expected Activision Blizzard Inc. to report $0.7 quarterly earnings, the actual figure was $0.38 per share, beating the consensus estimate by -45.70%. During the quarter, the company generated $578.0 million in EBITDA. The liabilities of Activision Blizzard Inc. were 7.18 billion at the end of its most recent quarter ended March 30, and its total debt was $3.61 billion. The value of shareholders’ equity is $781.88 million.

Technical Picture

This quick technical analysis looks at Activision Blizzard Inc.’s (ATVI) price momentum. With a historical volatility rate of 11.11%, the RSI 9-day stood at 47.53% on 12 May.

With respect to its five-day moving average, the current Activision Blizzard Inc. price is down by -0.22% percent or -$0.17. At present, ATVI shares trade -1.60% below its 20-day simple moving average and +25.68% percent above its 100-day simple moving average. However, the stock is currently trading approximately -4.70% below its SMA50 and -7.06% below its SMA200.

Stochastic coefficient K was 52.26% and Stochastic coefficient D was 47.70%, while ATR was 1.15. Given the Stochastic reading of 56.18% for the 14-day period, the RSI (14) reading has been calculated as 46.13%. As of today, the MACD Oscillator reading stands at -0.41, while the 14-day reading stands at 0.02.


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