Activision Blizzard (ATVI): Why this stock is Attractive?

Activision is about to lay off hundreds of employees

The current median share price forecast by them is $60, suggesting that the stock could increase 38.22% in that time frame. The stock was given Buy rating by The Benchmark Company in its report released on January 11th, 2019, the day when the price target on the stock was placed at $87. On February 8th, 2019, volume rose to about 1,420,728 transactions. The default time frame for comparing up periods to down periods is 14, as in 14 trading days.

This publicly-listed company was able to create a trailing 12-month revenue that reached 7.74B. The company's average trading volume now stands at 11.69M shares, which means that the short-interest ratio is just 5.79 days. While price targets are useful, most investors find more value in an analyst's conviction level or in the ratio of upside to downside.

Activision Blizzard has under-performed recently, leading them to go through a restructuring process in addition to cutting costs where they can. Is it a worthwhile investment opportunity?

Activision Blizzard's shares dropped around 2.5% on Friday and is furthering the story that was "acknowledged on a November conference call that some key titles, such as Overwatch and Hearthstone, were seeing flat or declining numbers of users". The stock has "Overweight" rating by KeyBanc Capital Markets on Wednesday, October 31. This is based on a 1-5 numeric scale where Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell.

The stock price weekly volatility remained at 3.3% while volatility is standing at 3.25% for the month while A beta factor is used to measure the volatility of the stock.

And how do Wall Street experts think this company is performing in this arena? This compares to the average analyst prediction of 0.50, representing a difference of 0.02, and therefore a surprise factor of 4.00. The company is expected to announce its next quarterly earnings results after the market closes on Tuesday, February 12th.

For Activision Blizzard (NASDAQ:ATVI) out of the analyst recommendations 11 analysts recommend stock a Buy, 10 rate the stock Outperform, 11 analysts recommend to Hold the stock, 0 rate Underperform and 0 analysts recommend the stock a Sell.

The stock has turned around -37.5% yearly, so it gives a chance to investors, traders, shareholders and stakeholders to take a look at the complete situation of the market. The average true range of the stock is observed at 1.92 and the relative strength index of the stock is recorded at 39.96.

Now let's turn our focus toward the near-term: the current quarter's financial results. Vanguard Group Incorporated holds 0.17% of its portfolio in Activision Blizzard, Inc.

Related:

Comments


Other news