In today’s recent session, 2,285,344 shares of the Activision Blizzard, Inc. (NASDAQ:ATVI) have been traded, and its beta is 0.64. Most recently the company’s share price was $96.68, and it changed around -$0.64 or -0.01% from the last close, which brings the market valuation of the company to $75.1 Billion. ATVI at last check was trading at a discount to its 52-week high of $104.53, offering almost -8.12% off that amount. The share price’s 52-week low was $58.12, which indicates that the recent value has risen by an impressive 39.88% since then. We note from Activision Blizzard, Inc.’s average daily trading volume that its 10-day average is 6.85 Million shares, with the 3-month average coming to 5.91 Million.
Activision Blizzard, Inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 34 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 5 recommended ATVI as a Hold, whereas 24 deemed it a Buy, and 1 rated it as Underweight. Activision Blizzard, Inc. is expected to report earnings per share of $0.7 for the current quarter.
Activision Blizzard, Inc. (NASDAQ:ATVI): Trading Information Today
Although ATVI has been showing red trend so far today with a performance of -0.66% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $98.42 on Monday, Apr 05 increased the stock’s daily price by 1.62%. The company’s shares are currently up 0.04% year-to-date, but still up 0.045 over the last five days. On the other hand, Activision Blizzard, Inc. (NASDAQ:ATVI) is 0.05% up in the 30-day period. We can see from the shorts that 12.55 Million shares have been sold at a short interest cover period of 2.12 day (s).
The consensus price target as assigned by Wall Street analysts is $113.58, which translates to bears needing to increase their stock price by 17.48% from its current value. Analyst projections state that ATVI is forecast to be at a low of $82 and a high of $125. In order for the stock price to hit the forecast high, the stock would need to surge +29.29% from its current level, while the stock would need to crash -15.18% from its current level to reach the projected low.
Activision Blizzard, Inc. (ATVI) projections and forecasts
Activision Blizzard, Inc. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +24.29 percent over the past six months and at a 5.76% annual growth rate that is well below the industry average of 24.7%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +20.7% in revenue this quarter, and will report a decline of -21.6% in the next quarter. The year-over-year growth rate is expected to be 1.3%, up from the previous year.
Consensus estimates provided by 25 financial analysts predict the company will bring in an average of $1.78 Billion in revenue for the current quarter. 25 analysts expect Activision Blizzard, Inc. to make $1.82 Billion in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarter a year ago was $1.52 Billion. Analysts predict that the company’s current quarter sales will jump, forecast at 17.2%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 18.8%. Activision Blizzard, Inc. earnings are expected to increase by 44.9% in 2021, but the outlook is positive 17.83% per year for the next five years.
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ATVI Dividend Yield
Activision Blizzard, Inc.’s next quarterly earnings report is expected to be released around May 04, 2021. The annual dividend yield of the stock is 0.48 percent and its annual dividend per share was $0.47. It is important to note, however, that the 0.48% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 0.58% per year.
Activision Blizzard, Inc. (NASDAQ:ATVI)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 1.3% of Activision Blizzard, Inc. shares, and 90.52% of them are in the hands of institutional investors. The stock currently has a share float of 91.71%. Activision Blizzard, Inc. stock is held by 1830 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Dec 30, 2020, it held 7.73% of the shares, which is about 59.86 Million shares worth $5.56 Billion.
Blackrock Inc., with 7.55% or 58.46 Million shares worth $5.43 Billion as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Growth Fund Of America Inc were the top two Mutual Funds as of Dec 30, 2020. The former held 21816527 shares worth $2.03 Billion, making up 2.82% of all outstanding shares. On the other hand, Growth Fund Of America Inc held roughly 18.24 Million shares worth around $1.69 Billion, which represents about 2.35% of the total shares outstanding.