Activision Blizzard, Inc. (ATVI) Stock: A Technology Stock That’s Headed Up


Activision Blizzard, Inc. (ATVI) is gaining in the market in today’s trading session. The company, focused on the technology space, is presently priced at $46.87 after heading up -3.56% so far today. When it comes to tech companies, there are a number of factors that have the ability to lead to price movement in the market. One of the most common is news. Here are the most recent headlines surrounding ATVI:

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Mar-22-19 06:26PM Lifshitz & Miller LLP Announces Investigation of 22nd Century Group, Activision Blizzard, Inc., Astec Industries, Inc., Avon Products, Inc., Axogen, Inc., Everquote Inc. and Health Insurance Innovations, Inc.
10:59AM Should You Invest in the Invesco Dynamic Software ETF (PSJ)?
09:00AM Sekiro: Shadows Die Twice Launches Globally Death is Not Your Fate Just Yet!
Mar-21-19 10:30AM Activision Announces Public Beta for Call of Duty: Mobile
Mar-20-19 05:45PM Activision Blizzard (ATVI) Dips More Than Broader Markets: What You Should Know

Nonetheless, when making an investing decision, prospective investors should take a look at much more than just news, especially in the ever changing technology sector. Here’s what’s going on with Activision Blizzard, Inc..

The Performance That ATVI Investors Have Experienced

While a single session gain, like the move that we’re seeing from Activision Blizzard, Inc. might cause excitement in some investors, a single session gain by itself should not be the basis of a decision to, or not to, invest in a company. It’s always a good idea to dig into trends just a single trading session. In the case of ATVI, below are the returns on investment that we’ve seen:

  • Weekly – Over the last seven days, ATVI has generated a change in value that amounts to 5.02%.
  • Past Month – The monthly performance from Activision Blizzard, Inc. works out to 11.86%.
  • Past Quarter – Over the last 3 months, the stock has produced a ROI that comes to 1.17%
  • Past 6 Months – In the previous 6 months, we have seen a performance that amounts to -41.10% from the stock.
  • This Year So Far – Since the close of last year ATVI has produced a ROI of 0.64%.
  • Full Year – Lastly, throughout the last full year, we’ve seen movement that comes to -34.55% from ATVI. In this period, the stock has sold at a high of -44.65% and a low price of 17.62%.

Key Ratios

Digging into a few key ratios associated with a company can provide traders a view of just how risky and/or potentially profitable a an investment option might be. Below are a few of the key ratios to look at when looking at ATVI.

Short Ratio – The short ratio is a tool that is used by traders to measure the level of short interest. As the ratio heads up, it means that more investors believe that the stock is headed for declines. Throughout the sector, strong tech stocks can carry a lower short ratio. However, we also see a lot of short squeezes in the space. Nonetheless, when it comes to Activision Blizzard, Inc., the stock’s short ratio is 1.54.

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Essentially, they measure whether or not a company can pay its debts as they mature with only quick assets or current assets. Because in tech, many companies are reliant on the continuation of investor support as they work to bring new technologies to market, the quick and current ratios can be bad. However, some better companies in the technology sector do have good current and quick ratios. When it comes to ATVI, the quick and current ratios total up to 2.30 and 2.30 respectively.  

Book To Share Value – The book to share value ratio compares the value of assets currently owned by the company to the share price of the stock. In this case, the book to share value ratio is 14.85.

Cash To Share Value – Finally, the cash to share value comparison compares the total amount of cash the company has on hand to the price of the company’s stock. In the case of ATVI, the cash to share value ratio comes to 5.52.

Investors Tend To Follow The Big Money

One thing that I’ve come to understand so far in my short period in existence has been that good investors tend to follow big money. In other words, investors that are looking to keep their investments relatively safe will pay close attention to investments made by institutions and insiders. With that said, where is the big money when it comes to ATVI? Here’s the scoop:

Institutions own 91.50% of the company. Institutional interest has moved by -1.43% over the past three months. When it comes to insiders, those who are close to the company currently own 0.70% percent of ATVI shares. Institutions have seen ownership changes of an accumulative 1.61% over the last three months.

How Analysts Feel About Activision Blizzard, Inc.

Although it’s not a good idea to blindly follow the opinions of analysts, it is a smart idea to use their thoughts when validating your own thoughts before making an investment decision in the tech sector. Below you’ll find the recent moves that we’ve seen from analysts as it relates to ATVI.

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Feb-13-19 Reiterated Needham Buy $60 → $50
Feb-13-19 Reiterated BofA/Merrill Neutral $58 → $54
Feb-11-19 Reiterated The Benchmark Company Buy $87 → $68
Jan-30-19 Initiated Goldman Neutral $50
Jan-22-19 Initiated Deutsche Bank Hold $54

What We’ve Seen In Financial Results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $2.58. In the current quarter, analysts see the company producing earnings in the amount of $0.26. Over the last 5 years, ATVI has generated revenue in the amount of $10.40% with earnings coming in at 15.50%. On a quarter over quarter basis, earnings have seen movement of 604.60% and revenue has seen movement of 16.50%.

What’s Going On With Share Counts?

Investors seem to like to know the amounts of shares both outstanding and available. With respect to Activision Blizzard, Inc., there are currently 765.00M and there is a float of 755.04M. This means that of the total of 765.00M shares of ATVI that are out there today, 755.04M are available to trade hands in the public space.

I also like to dig into the short percent. Think about it, if a large portion of the float available for trading is sold short, the overall opinion among investors is that the company is going to fall hard. As far as ATVI, the percentage of the float that is shorted is 2.73%. In general, high short percent of the float would be anything over 40%. Nonetheless, I’ve seen that any short percent of the float over 26% is generally a risky play.

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