You Should Know These Things About Activision Blizzard Inc. (ATVI)


As of Wednesday close, Activision Blizzard Inc.’s (NASDAQ:ATVI) stock was up $0.71, moving up 0.94 percent to $76.59. The average number of shares traded per day over the past five days has been 6,058,500 shares. 5 times new highs have been achieved over the past 5 days, with a $2.24 gain in that time frame. In the last twenty days, the average volume was 6,108,985, while in the previous 50 days, it was 6,438,420.

Since last month, ATVI stock rose 5.64%. Shares of the company fell to $70.94 on 11/07/22, the lowest level in the past month. A 52-week high of $86.90 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 15.12% or $10.06, and marked a new high 3 times. However, the stock has declined by -11.86% since its 52-week high.

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ATVI stock investors should be aware that Activision Blizzard Inc. (ATVI) stock had its last reported insider trading activity 77 days ago on Sep 09. Alegre Daniel, the President and COO of the company, disposed of 10,000 shares for $78.16 on Sep 09. It resulted in a $781,617 divestment by the insider. ZERZA ARMIN sold 10,174 shares at an average price of $80.22 on Aug 03. The insider now owns 186,117 shares following the transaction. On Jun 01, Chief Financial Officer ZERZA ARMIN sold 3,295 shares at $77.54 apiece. The transaction was valued at $255,495.

Valuation Metrics

Right now, Activision Blizzard Inc. (ATVI) has a P/E ratio of about 35.97. The stock’s beta is 0.50. Besides these, the trailing price-to-sales (P/S) ratio of 8.12, the price-to-book (PB) ratio of 3.18, and the price-to-cash flow ratio of 35.75 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 June 29, Activision Blizzard Inc.’s quick ratio stood at 5.80, while its current ratio was 5.80, 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 June 29 was 0.19, and the total debt-to-equity ratio was 0.19. On the profitability front, the trailing twelve-month gross margin is 71.10% percent. In the year ended June 29, operating margins totaled 27.00%. 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 9.20%.

In Activision Blizzard Inc.’s quarter-end financial report for June 29, it reported total debt of $3.61 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ATVI’s revenue fell -16.16% to $1.64 billion during the quarter, while net income inched up to $1.78 billion. While analysts expected Activision Blizzard Inc. to report $0.48 quarterly earnings, the actual figure was $0.47 per share, beating the consensus estimate by -2.10%. During the quarter, the company generated $522.0 million in EBITDA. The liabilities of Activision Blizzard Inc. were 6.81 billion at the end of its most recent quarter ended June 29, and its total debt was $3.61 billion. The value of shareholders’ equity is $782.62 million.

Technical Picture

This quick technical analysis looks at Activision Blizzard Inc.’s (ATVI) price momentum. With a historical volatility rate of 9.55%, the RSI 9-day stood at 76.71% on 23 November.

With respect to its five-day moving average, the current Activision Blizzard Inc. price is up by +3.01% percent or $2.24. At present, ATVI shares trade +5.67% above its 20-day simple moving average and -2.89% percent below its 100-day simple moving average. However, the stock is currently trading approximately -0.01% below its SMA50 and -4.54% below its SMA200.

Stochastic coefficient K was 97.88% and Stochastic coefficient D was 92.34%, while ATR was 1.00. Given the Stochastic reading of 99.82% for the 14-day period, the RSI (14) reading has been calculated as 68.70%. As of today, the MACD Oscillator reading stands at 1.14, while the 14-day reading stands at 2.05.

Analyst Ratings

Robert W. Baird upgraded its rating on Activision Blizzard Inc. (NASDAQ: ATVI) to an Outperform in a note to investors on November 22, 2022. The analysts firm previously had a Neutral rating on the stock.


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