As of Friday close, Activision Blizzard Inc.’s (NASDAQ:ATVI) stock was down -$0.1, moving down -0.11 percent to $91.58. The average number of shares traded per day over the past five days has been 8,013,600 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.95 fall in that time frame. In the last twenty days, the average volume was 20,334,789, while in the previous 50 days, it was 12,030,680.
Since last month, ATVI stock rose 10.74%. Shares of the company fell to $81.99 on 07/06/23, the lowest level in the past month. A 52-week high of $93.67 was reached on 07/17/23 after having rallying from a 52-week low of $70.94. Since the beginning of this year, ATVI’s stock price has risen by 19.63% or $15.03, and marked a new high 16 times. However, the stock has declined by -2.23% since its 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
ATVI stock investors should be aware that Activision Blizzard Inc. (ATVI) stock had its last reported insider trading activity 94 days ago on May 03. NOLAN PETER J, the Director of the company, purchased of 13,160 shares for $75.99 on May 03. It resulted in a $1,000,005 investment by the insider. Alegre Daniel sold 8,847 shares at an average price of $78.50 on Mar 13. The insider now owns 156,170 shares following the transaction. On Sep 09, President and COO Alegre Daniel sold 10,000 shares at $78.16 apiece. The transaction was valued at $781,617.
Valuation Metrics
Right now, Activision Blizzard Inc. (ATVI) has a P/E ratio of about 33.50. The stock’s beta is 0.44. Besides these, the trailing price-to-sales (P/S) ratio of 8.23, the price-to-book (PB) ratio of 3.57, and the price-to-cash flow ratio of 33.67 may also be considered.
The latest dividend of $0.99 per share was paid out, which is 110.64% more than last year’s $0.47. On Tuesday July 18 2023, a $0.52 dividend increase was announced.
Financial Health
In the three months ended June 29, Activision Blizzard Inc.’s quick ratio stood at 5.20, while its current ratio was 5.20, 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 0.18, and the total debt-to-equity ratio was 0.18. On the profitability front, the trailing twelve-month gross margin is 70.40% percent. In the year ended June 29, operating margins totaled 19.20%. Based on annual data, ATVI earned $5.31 billion in gross profit and brought in $7.53 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 6.30%. Return on equity (ROE) for the past 12 months was 7.90%.
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 lower net income in the recent quarter than it did in the previous quarter. ATVI’s revenue rose 25.51% to $2.38 billion during the quarter, while net income inched up to $2.21 billion. While analysts expected Activision Blizzard Inc. to report $0.88 quarterly earnings, the actual figure was $1.08 per share, beating the consensus estimate by 22.70%. During the quarter, the company generated $710.0 million in EBITDA. The liabilities of Activision Blizzard Inc. were 7.72 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 $786.8 million.
Technical Picture
This quick technical analysis looks at Activision Blizzard Inc.’s (ATVI) price momentum. With a historical volatility rate of 6.35%, the RSI 9-day stood at 57.27% on 04 August.
With respect to its five-day moving average, the current Activision Blizzard Inc. price is down by -1.03% percent or -$0.95. At present, ATVI shares trade +11.10% above its 20-day simple moving average and +17.20% percent above its 100-day simple moving average. However, the stock is currently trading approximately +15.73% above its SMA50 and +27.62% above its SMA200.
Stochastic coefficient K was 20.56% and Stochastic coefficient D was 40.26%, while ATR was 0.87. Given the Stochastic reading of 5.30% for the 14-day period, the RSI (14) reading has been calculated as 62.61%. As of today, the MACD Oscillator reading stands at -0.55, while the 14-day reading stands at -0.61.
Analyst Ratings
Activision Blizzard Inc. downgraded its rating on Activision Blizzard Inc. (NASDAQ: ATVI) to a Neutral in a note to investors on July 21, 2023. The analysts firm previously had a Buy rating on the stock.
