In the last trading session, 5.46 million Activision Blizzard Inc. (NASDAQ: ATVI) shares changed hands as the company’s beta touched 0.61. With the company’s per-share price at $93.25 changed hands at $0.34 or 0.37% during the last session, the market valuation stood at $72.30B. ATVI’s last price was a discount, traded about -12.1% off its 52-week high of $104.53. The share price had its 52-week low at $71.19, which suggests the last value was 23.66% up since then. When we look at Activision Blizzard Inc.’s average trading volume, we note the 3-month average coming to 5.52 million.
Analysts gave the Activision Blizzard Inc. (ATVI) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.90. If we narrow down to specifics, the data shows that 0 out of 34 analysts rate the stock as a Sell, with a further 5 assigning it an Overweight rating. Of the remaining, 3 recommended ATVI as a Hold, 25 felt it is a Buy and 1 rated the stock as Underweight. Activision Blizzard Inc.’s EPS for the current quarter is expected to be $0.75.
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Activision Blizzard Inc. (NASDAQ:ATVI) trade information
Instantly ATVI was in green as seen at the end of in the last trading. With action -1.22%, the performance over the past five days has been red. The jump to weekly highs of 95.27 on Tuesday, 07/13/21 added 0.37% to the stock’s daily price. The company’s shares are showing a year-to-date upside of 0.43%, with the 5-day performance at -1.22% in the red. However, in the 30-day time frame, Activision Blizzard Inc. (NASDAQ: ATVI) is -4.99% down.
The consensus price target for the stock as assigned by Wall Street analysts is $116.19, meaning bulls need an upside of 19.74% from its current market value. According to analyst projections, ATVI’s forecast low is $85.00 with $145.30 as the target high. To hit the forecast high, the stock’s price needs a -55.82% plunge from its current level, while the stock would need to tank 8.85% for it to hit the projected low.
Activision Blizzard Inc. (ATVI) estimates and forecasts
Data shows that the Activision Blizzard Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 2.57% over the past 6 months, a 8.93% in annual growth rate that is considerably lower than the industry average of 10.40%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Activision Blizzard Inc. will fall -22.70%, while the growth in revenue is estimated to hit 4.20% for the next quarter. Year-over-year growth is forecast to reach 4.30% up from the last financial year.
Consensus estimates given by 27 financial analysts project the company’s revenue in the current quarter to hit an average of $1.89 billion. 27 analysts are of the opinion that Activision Blizzard Inc.’s revenue for the quarter ending Sep 2021 will be $1.8 billion. The estimates for the next quarter sales put growth at 6.40%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 18.80%. The 2021 estimates are for Activision Blizzard Inc.’s earnings to increase by 44.90%, but the outlook for the next 5-year period is at 16.09% per year.
Activision Blizzard Inc. is expected to release its next quarterly earnings report between August 02 and August 06. The 0.50% annual yield figure for the share gives it an annual dividend of 0.47. It is important to note, however, that the 0.50% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
If we look at who the major shareholders are, we find that insiders hold 0.81% of Activision Blizzard Inc. shares while 89.55% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 90.28%. There are 89.55% institutions holding the Activision Blizzard Inc. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Mar 30, 2021, the company held 8.28% of the shares, roughly 64.34 million ATVI shares worth $5.98 billion.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 7.48% or 58.12 million shares worth $5.41 billion as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021, were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 21.83 million shares estimated at $2.03 billion under it, the former controlled 2.81% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.04% of the shares, roughly 15.86 million shares worth around $1.48 billion.