As of Thursday close, Activision Blizzard Inc.’s (NASDAQ:ATVI) stock was down -$0.42, moving down -0.46 percent to $90.43. The average number of shares traded per day over the past five days has been 6,386,580 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.99 fall in that time frame. In the last twenty days, the average volume was 7,294,095, while in the previous 50 days, it was 11,965,454.
Since last month, ATVI stock retreated -1.92%. Shares of the company fell to $90.40 on 08/17/23, 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 18.13% or $13.88, and marked a new high 16 times. However, the stock has declined by -3.46% 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 107 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 33.08. The stock’s beta is 0.45. Besides these, the trailing price-to-sales (P/S) ratio of 8.19, the price-to-book (PB) ratio of 3.42, and the price-to-cash flow ratio of 29.13 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 4.70, while its current ratio was 4.70, 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 0.17, and the total debt-to-equity ratio was 0.17. On the profitability front, the trailing twelve-month gross margin is 70.40% percent. In the year ended June 29, EBITDA margin amounted to 28.16%, whereas operating margins totaled 25.70%. 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 11.00%.
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 2.93%, the RSI 9-day stood at 38.14% on 17 August.
With respect to its five-day moving average, the current Activision Blizzard Inc. price is down by -1.08% percent or -$0.99. At present, ATVI shares trade -2.02% below its 20-day simple moving average and +7.16% percent above its 100-day simple moving average. However, the stock is currently trading approximately +11.81% above its SMA50 and +24.13% above its SMA200.
Stochastic coefficient K was 4.52% and Stochastic coefficient D was 5.64%, while ATR was 0.59. Given the Stochastic reading of 1.26% for the 14-day period, the RSI (14) reading has been calculated as 51.58%. As of today, the MACD Oscillator reading stands at -0.40, while the 14-day reading stands at -0.68.
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.Activision Blizzard Inc. (ATVI) has been rated Hold by analysts. According to 0 brokerage firms, ATVI is a sell, and 19 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Activision Blizzard Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $95.00, the current consensus forecast for the stock is $90.00 – $96.00. Based on these forecasts, analysts predict Activision Blizzard Inc. (ATVI) will achieve an average price target of $94.61.
