The stock of Activision Blizzard Inc. (ATVI) has gone down by -0.33% for the week, with a 1.07% rise in the past month and a 12.73% rise in the past quarter. The volatility ratio for the week is 0.41%, and the volatility levels for the past 30 days are 0.40% for ATVI. The simple moving average for the last 20 days is 0.08% for ATVI stock, with a simple moving average of 12.13% for the last 200 days.
Is It Worth Investing in Activision Blizzard Inc. (NASDAQ: ATVI) Right Now?
The price-to-earnings ratio for Activision Blizzard Inc. (NASDAQ: ATVI) is above average at 33.58x. The 36-month beta value for ATVI is also noteworthy at 0.45. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 19 rating it as “hold,” and 0 rating it as “sell.”
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The average price estimated by analysts for ATVI is $94.53, which is $2.99 above than the current price. The public float for ATVI is 780.27M, and at present, short sellers hold a 1.74% of that float. The average trading volume of ATVI on September 18, 2023 was 10.63M shares.
ATVI) stock’s latest price update
The stock of Activision Blizzard Inc. (NASDAQ: ATVI) has decreased by -0.43 when compared to last closing price of 92.22. Despite this, the company has experienced a -0.33% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-09-15 that Does Activision Blizzard, Inc (ATVI) have what it takes to be a top stock pick for momentum investors? Let’s find out.
Analysts’ Opinion of ATVI
Many brokerage firms have already submitted their reports for ATVI stocks, with ROTH MKM repeating the rating for ATVI by listing it as a “Neutral.” The predicted price for ATVI in the upcoming period, according to ROTH MKM is $95 based on the research report published on July 21, 2023 of the current year 2023.
ATVI Trading at 0.73% 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 -1.98% of loss for the given period.
Volatility was left at 0.40%, however, over the last 30 days, the volatility rate increased by 0.41%, as shares surge +1.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.03% upper at present.
During the last 5 trading sessions, ATVI fell by -0.33%, which changed the moving average for the period of 200-days by +22.89% in comparison to the 20-day moving average, which settled at $91.81. In addition, Activision Blizzard Inc. saw 19.95% 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 NOLAN PETER J, who purchase 13,160 shares at the price of $75.99 back on May 03. After this action, NOLAN PETER J now owns 174,777 shares of Activision Blizzard Inc., valued at $1,000,005 using the latest closing price.
Alegre Daniel, the President and COO of Activision Blizzard Inc., sale 8,847 shares at $78.50 during a trade that took place back on Mar 13, which means that Alegre Daniel is holding 156,170 shares at $694,490 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. The total capital return value is set at 7.66, while invested capital returns managed to touch 6.81. Equity return is now at value 11.00, with 8.00 for asset returns.
Based on Activision Blizzard Inc. (ATVI), the company’s capital structure generated 20.04 points at debt to equity in total, while total debt to capital is 16.69. Total debt to assets is 14.08, with long-term debt to equity ratio resting at 19.61. Finally, the long-term debt to capital ratio is 16.33.
When we switch over and look at the enterprise to sales, we see a ratio of 7.36, with the company’s debt to enterprise value settled at 0.07. The receivables turnover for the company is 6.87 and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.07.
Conclusion
In summary, Activision Blizzard Inc. (ATVI) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as 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.
