Activision Blizzard (NASDAQ:ATVI) reached at the closing price of $44.98. The stock exchanged hands average trading capacity of 12.42 Million shares, yielding a market cap of $34.12 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $52.57 within the next 52-weeks. The mean target projections are based on 28 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Activision Blizzard (NASDAQ:ATVI) high price target of $68 and with a conservative view have low price target of $40.
Buckingham “Initiates Coverage On” Activision Blizzard (NASDAQ:ATVI) in a research note issued to investors on 4/12/19 to Neutral with price target of $0.
Additionally on 2/13/19 Bank of America “Reiterates” Activision Blizzard (NASDAQ:ATVI) to Neutral setting price target at $54 and on 2/13/19 Morgan Stanley “Maintained” the stock to Overweight at $55. Furthermore on 2/13/19 KeyBanc “Maintained” the stock to Overweight at $57.
On the other hand the company has Relative Strength Index (RSI 14) of 43.12 along with Average True Range (ATR 14) of 1.32, Consequently Activision Blizzard (NASDAQ:ATVI)’s weekly and monthly volatility is 2.92%, 2.89% respectively. The company’s beta value is at 0.83.
In terms of Buy, Sell or Hold recommendations, Activision Blizzard (NASDAQ:ATVI) has analysts’ mean recommendation of 2.1. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Activision Blizzard (NASDAQ:ATVI)’s minimum EPS for the current quarter is at $0.2 and can go high up to $0.46. The consensus mean EPS for the current quarter is at $0.26 derived from a total of 28 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.38 earnings per share for the same quarter during last year.
Previously Activision Blizzard (NASDAQ:ATVI) reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.01. The company posted an earnings surprise of 0.8%.
Activision Blizzard (NASDAQ:ATVI)’s revenue estimates for the current quarter are $1.25 Billion according to 26 number of analysts, for the current quarter the company has high revenue estimates of $1.76 Billion in contradiction of low revenue estimates of $1.17 Billion. For the current year the company’s revenue estimates are $6.42 Billion compared to low analyst estimates of $6.13 Billion and high estimates of $6.98 Billion according to 32 number of analysts.
Currently Activision Blizzard (NASDAQ:ATVI)’s shares owned by insiders are 0.6%, whereas shares owned by institutional owners are 91.6%. However the six-month change in the insider ownership was recorded 1.9%, as well as three-month change in the institutional ownership was recorded 0.16%.
Activision Blizzard (NASDAQ:ATVI)’s trailing twelve month revenues are $7.5 Billion, whereas its price to sales ratio for the same period is 4.55. Its book value per share for the most recent quarter is $14.85 while its price to book ratio for the same period is 3.03, as for as the company’s cash per share for the most recent quarter is $5.57, however its price to cash per share ratio for the same period is 8.08. The stock has 5 year expected PEG ratio of 3.11 whereas its trailing twelve month P/E ratio is 22.68.