Activision Blizzard Inc. (NASDAQ:ATVI) stock went on an upward path that rose over 1.17% on Thursday, amounting to a one-week price decrease of more than -0.27%. Over the last 12 months, ATVI stock dropped by -19.63%. The one-year ATVI stock forecast points to a potential downside of -0.04, with the average price target set at $58.00 per share. The average equity rating for ATVI stock is currently 2.10, trading closer to a bullish pattern in the stock market.
The market cap for ATVI stock reached $43.34 billion, with 781.79 million shares outstanding and 756.48 million shares in the current float. Compared to the average trading volume of 7.45M shares, ATVI reached a trading volume of 5649057 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Activision Blizzard Inc. (ATVI)?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ATVI shares is $57.52 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ATVI stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Bernstein have made an estimate for Activision Blizzard Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on October 02, 2019. While these analysts kept the previous recommendation, Stifel raised their target price from $57 to $65. The new note on the price target was released on September 09, 2019, representing the official price target for Activision Blizzard Inc. stock. Previously, the target price had yet another raise from $52 to $65, while Stephens kept a Overweight rating on ATVI stock. On September 04, 2019, analysts increased their price target for ATVI shares from 43 to 60.
The Average True Range (ATR) for Activision Blizzard Inc. is set at 1.38, with the Price to Sales ratio for ATVI stock in the period of the last 12 months amounting to 6.09. The Price to Book ratio for the last quarter was 3.54, with the Price to Cash per share for the same quarter was set at 5.97. Price to Free Cash Flow for ATVI in the course of the last twelve months was 24.90 with Quick ratio for the last quarter at 3.40.
How has ATVI stock performed recently?
Activision Blizzard Inc. (ATVI) fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.27. With this latest performance, ATVI shares gained by 0.91% in over the last four-week period, additionally plugging by 15.14% over the last 6 months – not to mention a drop of -19.63% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ATVI stock in for the last two-week period is set at 57.07, with the RSI for the last a single of trading hit 56.79, and the three-weeks RSI is set at 56.55 for Activision Blizzard Inc. (ATVI). The present Moving Average for the last 50 days of trading for this stock 53.17, while it was recorded at 54.96 for the last single week of trading, and 47.68 for the last 200 days.
Activision Blizzard Inc. (ATVI): Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Activision Blizzard Inc. (ATVI) shares currently have an operating margin of +26.42 and a Gross Margin at +66.41. Activision Blizzard Inc.’s Net Margin is presently recorded at +24.20.
Return on Total Capital for ATVI is now 14.20, given the latest momentum, and Return on Invested Capital for the company is 13.01. Return on Equity for this stock inclined to 17.42, with Return on Assets sitting at 9.93. When it comes to the capital structure of this company, Activision Blizzard Inc. (ATVI) has a Total Debt to Total Equity ratio set at 23.52. Additionally, ATVI Total Debt to Total Capital is recorded at 19.04, with Total Debt to Total Assets ending up at 14.98. Long-Term Debt to Equity for the company is recorded at 23.52, with the Long-Term Debt to Total Capital now at 19.04.
Reflecting on the efficiency of the workforce at the company, Activision Blizzard Inc. (ATVI) managed to generate an average of $183,131 per employee. Receivables Turnover for the company is 7.67 with a Total Asset Turnover recorded at a value of 0.41. Activision Blizzard Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.40 and a Current Ratio set at 3.50.
Earnings analysis for Activision Blizzard Inc. (ATVI)
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ATVI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Activision Blizzard Inc. go to 6.25%.
Insider trade positions for Activision Blizzard Inc. (ATVI)
There are presently around $37,682 million, or 91.20% of ATVI stock, in the hands of institutional investors. The top three institutional holders of ATVI stocks are: VANGUARD GROUP INC with ownership of 57,097,169, which is approximately 1.061% of the company’s market cap and around 0.60% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 56,045,313 shares of the stock with an approximate value of $3.07 billion in ATVI stocks shares; and FMR LLC, currently with $2.81 billion in ATVI stock with ownership of nearly -10.574% of the company’s market capitalization.
Positions in Activision Blizzard Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 439 institutional holders increased their position in Activision Blizzard Inc. (NASDAQ:ATVI) by around 84,038,912 shares. Additionally, 362 investors decreased positions by around 67,260,626 shares, while 102 investors held positions by with 536,324,378 shares. The mentioned changes placed institutional holdings at 687,623,916 shares, according to the latest SEC report filing. ATVI stock had 102 new institutional investments in for a total of 29,217,426 shares, while 98 institutional investors sold positions of 19,042,958 shares during the same period.