On September 15, 2023, the trading activity for Activision Blizzard (ATVI) recorded a volume of 4,817,719 shares. The stock price experienced a slight decline of -0.18% and settled at $92.05. Examining the options history of ATVI, it was observed that 61% of investors displayed optimistic sentiments, while 38% held bearish expectations.
Notable options trades included a neutral put trade, a bearish put trade, and three bullish call sweep trades. These trades all possessed an expiration date of October 20, 2023, with strike prices set at either $70.00 or $85.00. Over the past three months, influential market players, often referred to as “whales,” have been focusing on a price range spanning from $70.00 to $95.00 for ATVI.
Taking a closer look at the options contracts expiring on September 15, 2023, it is evident that they carry a combined implied volatility of 18.24. Additionally, the put-to-call open interest ratio stands at an undisclosed value. Analysts have established a median target price of $95.00 for ATVI, indicating their overall positive outlook on the stock’s future performance.
Activision Blizzard, Inc.
Updated on: 04/12/2023
Debt to equity ratio: Neutral
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
6:00 PM (UTC)
Date:03 December, 2023
|Analyst / firm||Rating|
BOCOM International Holdings Company
ATVI Stock Performance: Decline on September 15, 2023, but Positive Growth Projections and Potential for Future Growth
On September 15, 2023, Activision Blizzard Inc. (ATVI) opened the trading day at $92.14, slightly lower than the previous day’s closing price of $92.22. Throughout the day, the stock fluctuated within a range of $91.73 to $92.32. The trading volume for the day stood at 871,901 shares, significantly lower than the average volume of 9,456,920 shares over the past three months. The market capitalization of Activision Blizzard Inc. was reported to be $72.5 billion.
In terms of revenue growth, Activision Blizzard Inc. faced a decline of 15.09% in the previous year. However, the company’s robust market presence and strategic initiatives may contribute to a rebound in revenue growth in the future.
When evaluating the valuation of ATVI stock, investors often look at key ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio. Currently, Activision Blizzard Inc. has a P/E ratio of 33.7, indicating that investors are willing to pay 33.7 times the company’s earnings per share (EPS) for the stock. The P/S ratio stands at 8.08, which suggests that the market values the company at 8.08 times its annual revenue. Additionally, the P/B ratio of 3.75 highlights the market’s valuation of the company at 3.75 times its book value.
In terms of market performance on September 15, 2023, ATVI experienced a slight decline of 1.28 points or 0.76%.
Looking ahead, investors should mark November 9, 2023, on their calendars as it is the next reporting date for Activision Blizzard Inc. Analysts are forecasting an EPS of $0.89 for the current quarter.
Activision Blizzard Inc. operates in the technology services sector, specifically in the packaged software industry. The company’s corporate headquarters are located in Santa Monica, California.
In conclusion, the performance of ATVI stock on September 15, 2023, showed a slight decline. However, the company’s positive earnings growth projections for this year and the next five years, along with its strong net profit margin, indicate potential for future growth. Investors should closely monitor upcoming reports and industry trends to make informed decisions about their investment in Activision Blizzard Inc.
Activision Blizzard Inc (ATVI) Stock Analysis: Steady Performance and Potential Increase in Target Price
On September 15, 2023, Activision Blizzard Inc (ATVI) stock performed steadily, with a median target price forecasted at $95.00 by 17 analysts. The high estimate stood at $96.00, while the low estimate was $90.00. This median estimate indicated a potential increase of 3.41% from the previous closing price of $91.87.
According to a consensus among 21 investment analysts, the recommendation for ATVI stock remained unchanged since September, with a hold rating. This suggests that the analysts believe the stock is currently fairly valued and do not anticipate any major changes in the near future.
In terms of financial performance, Activision Blizzard reported earnings per share of $0.89 and sales of $2.1 billion for the current quarter.
Investors can expect more insights into Activision Blizzard’s performance when the company reports its earnings on November 9.
Overall, the current outlook for ATVI stock suggests a relatively stable and steady performance. The hold rating from investment analysts indicates that the stock is expected to perform in line with market expectations. However, investors should closely monitor any updates or announcements from Activision Blizzard, as they could have an impact on the stock’s performance.