ATVI (Activision Blizzard Inc.) stock is in for a key growth catalyst

As of close of business last night, Activision Blizzard Inc.’s stock clocked out at 75.32, up 0.37% from its previous closing price of $75.04. In other words, the price has increased by $+0.28 from its previous closing price. On the day, 5293576 shares were traded. ATVI reached its highest trading level at $76.14 during the session, while it also had its lowest trading level at $74.83.

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To gain a deeper understanding of ATVI’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.92. For the most recent quarter (mrq), Quick Ratio is recorded 6.20 and its Current Ratio is at 6.20. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.20.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Atlantic Equities on September 15, 2022, Upgraded its rating to Overweight and sets its target price to $84 from $95 previously.

On July 25, 2022, MoffettNathanson Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $95.

MKM Partners Upgraded its Sell to Neutral on January 18, 2022, whereas the target price for the stock was revised from $54 to $95.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 09 when Alegre Daniel sold 10,000 shares for $78.16 per share. The transaction valued at 781,617 led to the insider holds 176,690 shares of the business.

ZERZA ARMIN sold 10,174 shares of ATVI for $816,170 on Aug 03. The Chief Financial Officer now owns 186,117 shares after completing the transaction at $80.22 per share. On Jun 01, another insider, ZERZA ARMIN, who serves as the Chief Financial Officer of the company, sold 3,295 shares for $77.54 each. As a result, the insider received 255,495 and left with 196,291 shares of the company.

Valuation Measures:

As of this moment, Activision’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.48, and their Forward P/E ratio for the next fiscal year is 19.84. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.90. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.79 while its Price-to-Book (P/B) ratio in mrq is 3.23.

Stock Price History:

Over the past 52 weeks, ATVI has reached a high of $86.90, while it has fallen to a 52-week low of $56.40. The 50-Day Moving Average of the stock is 78.80, while the 200-Day Moving Average is calculated to be 76.52.

Shares Statistics:

It appears that ATVI traded 4.95M shares on average per day over the past three months and 6.91M shares per day over the past ten days. A total of 782.00M shares are outstanding, with a floating share count of 775.53M. Insiders hold about 0.10% of the company’s shares, while institutions hold 83.00% stake in the company. Shares short for ATVI as of Jul 14, 2022 were 17.75M with a Short Ratio of 4.15, compared to 15.71M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.27% and a Short% of Float of 2.29%.

Dividends & Splits

With its trailing 12-month dividend rate of 0.47, ATVI has a forward annual dividend rate of 0.47. Against a Trailing Annual Dividend Yield of 0.63%, it implies a Forward Annual Dividend Yield of 0.59%. The stock’s 5-year Average Dividend Yield is 0.58. The current Payout Ratio is 19.50% for ATVI, which recently paid a dividend on May 05, 2022 with an ex-dividend date of Apr 12, 2022. Stock splits for the company last occurred on Sep 07, 2008 when the company split stock in a 2:1 ratio.

Earnings Estimates

As of right now, 24 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.48 for the current quarter, with a high estimate of $0.67 and a low estimate of $0.24, while EPS last year was $0.91. The consensus estimate for the next quarter is $0.58, with high estimates of $0.88 and low estimates of $0.41.

Analysts are recommending an EPS of between $3.55 and $2.36 for the fiscal current year, implying an average EPS of $2.9. EPS for the following year is $3.85, with 25 analysts recommending between $4.64 and $2.85.

Revenue Estimates

In the current quarter, 22 analysts expect revenue to total $1.58B. It ranges from a high estimate of $1.93B to a low estimate of $1.45B. As of the current estimate, Activision Blizzard Inc.’s year-ago sales were $1.9B, an estimated decrease of -16.80% from the year-ago figure. For the next quarter, 22 analysts are estimating revenue of $1.72B, a decrease of -8.50% over than the figure of $-16.80% in the same quarter last year. There is a high estimate of $2.04B for the next quarter, whereas the lowest estimate is $1.5B.

A total of 26 analysts have provided revenue estimates for ATVI’s current fiscal year. The highest revenue estimate was $9.1B, while the lowest revenue estimate was $7.2B, resulting in an average revenue estimate of $7.93B. In the same quarter a year ago, actual revenue was $8.35B, down -5.00% from the average estimate. Based on 26 analysts’ estimates, the company’s revenue will be $9.41B in the next fiscal year. The high estimate is $10.9B and the low estimate is $7.8B. The average revenue growth estimate for next year is up 18.60% from the average revenue estimate for this year.