36.7 F
New York
Wednesday, January 20, 2021

Activision Blizzard Inc. (NASDAQ:ATVI) is Waving the Bull Flag

Must read

American Battery Metals Corp (OTCMKTS:ABML) Hitting Key Milestones

Over the course of the past week, American Battery Metals Corp (OTCMKTS:ABML) has been in focus among investors after the company announced...

American Green Inc (OTCMKTS:ERBB) Stock Gains Momentum on Amazon News

One of the more interesting operators in the cannabis space in 2020 is American Green Inc (OTCMKTS:ERBB), and this week, the company...

DSG Global Inc (OTCMKTS:DSGT) Hits Multi-Month High On Sudden Optimism

DSG Global Inc (OTCMKTS:DSGT) has been in the news over the past week or so after the company placed large orders through...

AppYea Inc (OTCMKTS:APYP) Stock Gains Momentum on High Volume

Over the past couple of weeks, many stocks in the over-the-counter market have recorded considerable gains and one of the notable ones...

The Activision Blizzard Inc. (ATVI) shares are trading at higher $81.70 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $83.29.

To add more color to this target, the company’s high over the last year is $82.67 and the low is $44.91. Over the last 52 weeks, ATVI is down -1.17% while the S&P 500 is down -0.36%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, ATVI reported a profit of $1.28 billion. Activision Blizzard Inc. also saw revenues increase to $1.79 billion. In addition, ATVI has free cash flow of $129.0 million as of 03-2020. The company’s EBITDA came in at $751.0 million which compares well with its peers.

ATVI booked profit margins of 24.20%, its Return on Equity (ROE) is 12.50%, and its Return on Assets is 8.40%. All told, it is clear that, ATVI needs to be on your watchlist.

Find out when ATVI reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. ATVI has a short ratio of 1.44 and outstanding shares of 769.00M.

Company Outlook

ATVI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 4.34 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 2.02. Activision Blizzard Inc. ATVI also noted assets of $19.6 billion at the end of the last quarter. Investors should also keep an eye on sector updates as ATVI has historically followed its peers on positive news.

All told, Activision Blizzard Inc. ATVI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ATVI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Activision Blizzard Inc. ATVI is now commanding a market cap of 62.65B and a float of 761.27M. ATVI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of ATVI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in ATVI, either long or short, and we have not been compensated for this article.

Latest article

Signal Advance Inc (OTCMKTS:SIGL) Makes a Big Move, Again.

Speculation and confusion can often lead to strange occurrences on the stock markets and that is what happened...

Ozop Energy Solutions Inc (OTCMKTS:OZSC) Remains Volatile: Stock in Focus

Those who are looking to discover stocks that may have made big moves over the course of the past week could consider...

Data Storage Corp (OTCMKTS:DTST) Gets Sudden Attention: What’s The Buzz?

One of the stocks to have made significant gains this week was that of Data Storage Corp (OTCMKTS:DTST). The Data Storage Corporation...

A Closer Looks at American Battery Metals Corp (OTCMKTS:ABML) Developments

American Battery Metals Corp (OTCMKTS:ABML) is one of the stocks to have been in focus among investors over the course of the...

Why is Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) In a Bearish Trend?

The Bitcoin rally over the past weeks has taken the crypto space by storm. However, it should not be forgotten that Ethereum,...