In the past week, ATVI stock has gone up by 1.91%, with a monthly gain of 4.02% and a quarterly surge of 4.09%. The volatility ratio for the week is 1.66%, and the volatility levels for the last 30 days are 1.45% for Activision Blizzard Inc. The simple moving average for the last 20 days is 2.54% for ATVI stock, with a simple moving average of 4.49% for the last 200 days.
Is It Worth Investing in Activision Blizzard Inc. (NASDAQ: ATVI) Right Now?
Activision Blizzard Inc. (NASDAQ: ATVI) has a higher price-to-earnings ratio of 41.64x compared to its average ratio, and the 36-month beta value for ATVI is at 0.40. Analysts have varying views on the stock, with 13 analysts rating it as a “buy,” 6 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”
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The average price suggested by analysts for ATVI is $91.43, which is $11.72 above the current market price. The public float for ATVI is 775.89M, and currently, shorts hold a 1.96% of that float. The average trading volume for ATVI on March 17, 2023 was 5.89M shares.
ATVI) stock’s latest price update
Activision Blizzard Inc. (NASDAQ: ATVI)’s stock price has increased by 0.77 compared to its previous closing price of 79.26. However, the company has seen a 1.91% increase in its stock price over the last five trading sessions. The Wall Street Journal reported on 03/14/23 that Microsoft Signs Third ‘Call of Duty’ Deal as It Seeks Approval to Buy Activision Blizzard
Analysts’ Opinion of ATVI
In the past week, ATVI stock has gone up by 1.91%, with a monthly gain of 4.02% and a quarterly surge of 4.09%. The volatility ratio for the week is 1.66%, and the volatility levels for the last 30 days are 1.45% for Activision Blizzard Inc. The simple moving average for the last 20 days is 2.54% for ATVI stock, with a simple moving average of 4.49% for the last 200 days.
Analysts’ Opinion of ATVI
Many brokerage firms have already submitted their reports for ATVI stocks, with Deutsche Bank repeating the rating for ATVI by listing it as a “Buy.” The predicted price for ATVI in the upcoming period, according to Deutsche Bank is $90 based on the research report published on February 16th of the current year 2023.
Wedbush, on the other hand, stated in their research note that they expect to see ATVI reach a price target of $95. The rating they have provided for ATVI stocks is “Outperform” according to the report published on January 27th, 2023.
ATVI Trading at 4.24% from the 50-Day Moving Average
After a stumble in the market that brought ATVI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.00% of loss for the given period.
Volatility was left at 1.45%, however, over the last 30 days, the volatility rate increased by 1.66%, as shares surge +2.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.89% upper at present.
During the last 5 trading sessions, ATVI rose by +1.91%, which changed the moving average for the period of 200-days by +2.14% in comparison to the 20-day moving average, which settled at $78.00. In addition, Activision Blizzard Inc. saw 4.34% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ATVI starting from Alegre Daniel, who sale 8,847 shares at the price of $78.50 back on Mar 13. After this action, Alegre Daniel now owns 156,170 shares of Activision Blizzard Inc., valued at $694,490 using the latest closing price.
Alegre Daniel, the President and COO of Activision Blizzard Inc., sale 10,000 shares at $78.16 during a trade that took place back on Sep 09, which means that Alegre Daniel is holding 176,690 shares at $781,617 based on the most recent closing price.
Stock Fundamentals for ATVI
Current profitability levels for the company are sitting at:
- +22.86 for the present operating margin
- +70.19 for the gross margin
The net margin for Activision Blizzard Inc. stands at +20.24. Equity return is now at value 8.20, with 5.90 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 4.07.
Conclusion
In conclusion, Activision Blizzard Inc. (ATVI) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
