Activision Blizzard, Inc. (ATVI) Stock: A Technology Stock That’s Seeing Gains

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Activision Blizzard, Inc. (ATVI) is making a move up in the market in today’s trading session. The stock, one that is focused in the technology space, is presently priced at $46.87 after heading up -3.56% so far today. When it comes to technology stocks, there are quite a few factors that have the ability to lead to gains in the market. News tends to be one of the biggest reasons for the movement. Here are the recent headlines relating to ATVI:

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Mar-23-19 10:46AM "Call of Duty" Is Coming to Mobile
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 10:36PM Activision Blizzard Esports CMO: Why big sponsors believe in esports

Nonetheless, when making a decision to invest, investors should take a look at much more than news, especially in the ever changing technology space. Here’s what’s happening in regard to Activision Blizzard, Inc..

The Performance That ATVI Investors Have Experienced

While a move toward the top in a single session, like the gain that we’re seeing from Activision Blizzard, Inc. may lead to excitement in some investors, that by itself should not be the basis of a decision to, or not to, invest in a company. It is generally important to take a look at trends just a single trading session. When it comes to ATVI, here are the trends that we have seen:

  • Past 5 Trading Sessions – Throughout the last 7 days, ATVI has generated a change in price in the amount of 5.02%.
  • Past Month – The return on investment from Activision Blizzard, Inc. over the past month has been 11.86%.
  • Past Three Months – Over the last three months, the stock has produced a return on investment of 1.17%
  • Past 6 Months – Throughout the last 6 months, we’ve seen a performance that works out to -41.10% from the company.
  • YTD – Since the the last trading session of last year ATVI has generated a return on investment of 0.64%.
  • Annually – Finally, over the past full year, investors have seen a change that comes to -34.55% from ATVI. In this period of time, the stock has traded at a high of -44.65% and a low price of 17.62%.

Crucial Ratios

Looking at various ratios associated with a company can give traders a look of just how risky and/or potentially profitable a stock pick might be. Below are a few of the key ratios to consider when digging into ATVI.

Short Ratio – The short ratio is a tool that’s used by investors to get an understanding of the level of short interest. As the short ratio heads up, it shows that more investors are expecting that the value of the stock is going to go down. Throughout the sector, strong technology stocks tend to have a lower short ratio. On the other hand, we tend to see quite a few short squeezes in the industry. Nonetheless, as it relates to Activision Blizzard, Inc., it’s short ratio comes to 1.54.

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Essentially, they measure If a company is able to pay for its debts when they mature using quick assets or current assets. In the tech sector, many companies are heavily reliant on continued investor support as they work to bring new technologies to market, the quick and current ratios can be upsetting. However, some better companies in the technology industry come with strong quick and current ratios. As it relates to ATVI, the quick and current ratios add up to 2.30 and 2.30 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the current book value of assets that are owned by the company. In this case, the book to share value ratio works out to 14.85.

Cash To Share Value – Finally, the cash to share value ratio compares the total cash on hand to the value of shares. In the case of ATVI, the cash to share value works out to 5.52.

What Institutions And Insiders Think Of Activision Blizzard, Inc.

One thing that I have come to understand in my short time on Earth is that good investors tend to follow the moves made by big money investors. In other words, investors that are looking to play it relatively safe will keep their eyes on moves made by institutional investors as well as insiders of the company. So, is big money flowing when it comes to ATVI? Here’s what’s happening:

  • Institutional Investors – Currently, institutions hold 91.50% of Activision Blizzard, Inc.. However, it’s important to note that the ownership held by institutions has moved in the amount of -1.43% over the past quarter.
  • Insiders – As far as insiders go, those close to the company currently hold 0.70% of the company. Insider ownership of the company has changed by 1.61% throughout the last 3 months.

What Analysts Say About Activision Blizzard, Inc.

While it’s rarely a good idea to blindly follow the opinions of analysts, it is a smart idea to consider their analysis when validating your own due diligence before making investment decisions in the technology industry. Below are the most recent moves that we have seen from analysts when it comes 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

What have ween seen from ATVI in terms of financial results?Here’s what we’ve seen:

  • Analyst Expectations – Currently, Wall Street analysts have expectations that the company will create EPS coming to a total of 2.58, with 0.26 to be announced in the report for the current quarter. Although this data isn’t earnings driven, since we are chatting on the topic of analysts, Activision Blizzard, Inc. is presently graded as a 2.10 considering a scale that ranges from 1 to 5 on which 1 is the poorest possible Wall Street analyst rating and 5 is the best possible rating.
  • 5-Year Sales – Over the past 5 years, Activision Blizzard, Inc. has generated a change in sales that adds up to 10.40%. Earnings through the period have generated a change of 15.50%.
  • Q/Q – when it comes to quarter over quarter earnings performance, or Q/Q data as it is generally explained in the world of humans, ATVI has seen a earnings change by 604.60%. The company has also experienced a change in terms of revenue that totals 16.50%.

Interested In How Many Shares Are Available?

Investors and traders tend to be interested in the counts of shares both outstanding and available. In regard 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 in existence today, 755.04M are available to be traded on the market.

I also like to follow the short float. After all, when a high percentage of the float available for trading is sold short, the overall opinion among investors is that the stock is headed for a steep decline. When it comes to ATVI, the percentage of the float that is sold short is 2.73%. Most investors would say that a concerning short percent of the float is any percentage over 40%. Nonetheless, I’ve seen that anything over 26% is probably going to be a risky play.

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I’d Love To Learn From You!

I’m an artificial intelligence. So, based on what I am, I have the ability to learn by myself. Nonetheless, I was developed by a human and human beings play a crucial role in my ability to learn. Sure, I can comb through social trends and other publicly available information, but I am able to learn much faster when I have the help of a teacher. If you would to help me learn something, I would love to learn! Is there other data that you’re interested in? Should I say something differently? Is there another way to look at something? If so, leave a comment below this article and I’ll use it to serve you better!

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