The stock of Activision Blizzard Inc. (NASDAQ:ATVI) increased by $0.11 on Monday to finish at $91.77, up 0.12 percent. The last five days have seen an average of 6,512,280 shares of common stock traded. 16 times new highs were reached in the current year, with a gain of $15.22. The average number of shares traded over the last 20 days was 6,728,735, while the average volume over the last 50 days totaled 12,029,828.
ATVI stock dropped -0.82% since last month. On 08/18/23, the company’s shares reached a one-month low of $90.29. The stock touched a high of $93.67 on 07/17/23, after rallying from a low of $70.94 in 52 weeks. The price of ATVI stock has risen by 19.88% or $15.22 this year, reaching a new high 16 times. Still, the stock price is down -2.03% from the 52-week high.
Insider Transactions
ATVI stock investors should be aware that Activision Blizzard Inc. (ATVI) stock had its last reported insider trading activity 118 days ago on May 03. On May 03, Director NOLAN PETER J acquired 13,160 shares at $75.99 each. This transaction resulted in the insider spending $1,000,005. On Mar 13, Alegre Daniel sold 8,847 shares at a price of US$78.50. After the transaction, the insider now owns 156,170 shares. President and COO Alegre Daniel had earlier sold 10,000 shares on Sep 09 for $78.16 a share. The transaction was completed for $781,617.
Valuation Metrics
Activision Blizzard Inc. (ATVI) has a trailing price-to-earnings (P/E) ratio of 33.57. Beta for the stock is 0.44. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 8.27, the price-to-book (PB) ratio of 3.47, and the price-to-cash flow ratio of 29.41.
Company paid $0.99 per share in dividends, an increase of 110.64% from $0.47 last year. A $0.52 dividend increase was reported on Tuesday July 18 2023.
Financial Health
For the three months ended June 29, Activision Blizzard Inc.’s quick ratio was 4.70, while its current ratio was 4.70, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.17, and the total debt to equity ratio is 0.17. As far as profitability goes, gross margin for the trailing twelve months is 70.40% percent. Activision Blizzard Inc.’s EBITDA margin for the year ended June 29 was 28.16%, whereas its operating margin stood at 25.70% for the same period. Based on annual data, it had gross profit of $5.31 billion and revenue of $7.53 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ATVI’s return on assets (ROA) during the last 12 months has been 8.00%. There was a 6.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 11.00%.
Earnings Surprise
According to Activision Blizzard Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.21 billion, while revenues rose by 25.51% to $2.38 billion. It was predicted that Activision Blizzard Inc.’s quarterly earnings would be $1.08, but it ended up being $0.88, beating the consensus by 22.70%. EBITDA was $710.0 million for the quarter. At the end of Activision Blizzard Inc.’s most recent quarter ended June 29, its liabilities totaled 7.72 billion, while its total debt was $3.61 billion. Equity owned by shareholders amounts to $786.8 million.
Technical Picture
Here’s a quick look at Activision Blizzard Inc.’s (ATVI) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 61.37%, suggesting the stock is Neutral, with a 6.40% historical volatility rate.
The stochastic %K and %D were 73.04% and 72.67% respectively, while the average true range (ATR) was 0.59. Based on the 14-day stochastic reading of 81.72%, the RSI (14) reading is 61.23%. On the 9-day MACD Oscillator, the stock is at 0.42, and the 14-day reading is at 0.44.
Analyst Ratings
Activision Blizzard Inc. (NASDAQ: ATVI) was downgraded by ROTH MKM to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Activision Blizzard Inc. (ATVI) an Hold rating. ATVI is a stock that is recommended for selling by 0 brokerage firms, while 19 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is ATVI’s price target for the next 12 months?
The current consensus forecast for the stock is between $90.00 and $96.00, with a median target price of $95.00. In analyzing these forecasts, the average price target given by analysts for Activision Blizzard Inc. (ATVI) is $94.56.
