Activision Blizzard Inc. (NASDAQ: ATVI) is 15.78% higher on its value in year-to-date trading and has touched a low of $56.40 and a high of $86.90 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ATVI stock was last observed hovering at around $75.32 in the last trading session, with the day’s gains setting it 1.71% off its average median price target of $95.00 for the next 12 months. It is also 22.97% off the consensus price target high of $100.00 offered by 26 analysts, but current levels are 6.06% higher than the price target low of $82.00 for the same period.
Currently trading at $77.03, the stock is -0.61% and -2.21% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.42 million and changing 2.27% at the moment leaves the stock 0.55% off its SMA200. ATVI registered 5.80% gain for a year compared to 6-month gain of -2.58%. The firm has a 50-day simple moving average (SMA 50) of $6.78 and a 200-day simple moving average (SMA200) of $19.46.
The stock witnessed a -2.91% loss in the last 1 month and extending the period to 3 months gives it a 0.71%, and is 0.26% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.75% over the week and 1.33% over the month.
Activision Blizzard Inc. (ATVI) has around 9800 employees, a market worth around $60.90B and $7.64B in sales. Current P/E ratio is 32.19 and Fwd P/E is 20.29. Profit margin for the company is 24.60%. Distance from 52-week low is 36.58% and -11.36% from its 52-week high. The company has generated returns on investments over the last 12 months (13.20%).
Activision Blizzard Inc. (ATVI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Activision Blizzard Inc. (ATVI) is a “Overweight”. 26 analysts offering their recommendations for the stock have an average rating of 2.30, where 13 rate it as a Hold and 3 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Activision Blizzard Inc. is expected to release its quarterly report on 11/03/2022.The EPS is expected to grow by 21.90% this year
Activision Blizzard Inc. (ATVI) Top Institutional Holders
The shares outstanding are 782.00M, and float is at 775.53M with Short Float at 2.64%.
Activision Blizzard Inc. (ATVI) Insider Activity
A total of 27 insider transactions have happened at Activision Blizzard Inc. (ATVI) in the last six months, with sales accounting for 16 and purchases happening 11 times. The most recent transaction is an insider sale by Alegre Daniel, the company’s President and COO. SEC filings show that Alegre Daniel sold 10,000 shares of the company’s common stock on Sep 09 at a price of $78.16 per share for a total of $0.78 million. Following the sale, the insider now owns 0.18 million shares.
Activision Blizzard Inc. disclosed in a document filed with the SEC on Aug 03 that ZERZA ARMIN (Chief Financial Officer) sold a total of 10,174 shares of the company’s common stock. The trade occurred on Aug 03 and was made at $80.22 per share for $0.82 million. Following the transaction, the insider now directly holds 0.19 million shares of the ATVI stock.
Still, SEC filings show that on Jun 01, ZERZA ARMIN (Chief Financial Officer) disposed off 3,295 shares at an average price of $77.54 for $0.26 million. The insider now directly holds 196,291 shares of Activision Blizzard Inc. (ATVI).
Activision Blizzard Inc. (ATVI): Who are the competitors?
The company’s main competitors (and peers) include Unity Software Inc. (U) that is trading -75.04% down over the past 12 months. Electronic Arts Inc. (EA) is -7.10% down on the 1-year trading charts.