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Friday, September 29, 2023

An Evaluation Of Activision Blizzard Inc. (NASDAQ: ATVI) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Activision Blizzard Inc. (ATVI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.27, or 0.29%, to $92.45. The Activision Blizzard Inc. has recorded 1,745,606 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed CANDY CRUSH SODA SAGA® AND KYLE GORDON TEAM UP FOR A RIP CURL WSL FINALS TAKEOVER.

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Stocks Info

ATVI belongs to the Communication Services sector of the NASDAQ while operating in the Electronic Gaming & Multimedia industry. At the end of the last regular session, the stock closed at $92.18 and fluctuated between $92.44 as its day high and $92.11 as its day low. The current market capitalization of Activision Blizzard Inc. is $72.44B. A total of 5.16 million shares were traded on the day, compared to an average of 10.79M shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ATVI has seen 8 BUY and 3 SELL insider trades, representing the acquisition of 21,379 and the disposition of 103,318 shares. Over the last 12 months, there were 22 BUYs and 49 SELLs from insiders. Insiders purchased 170,446 shares during that period but sold 211,625.

In the most recent transaction, NOLAN PETER J bought 13,160 shares of ATVI for 75.99 per share on May 03. After the transaction, the Director now owns 174,777 company shares. In a previous transaction on Mar 13, Alegre Daniel sold 8,847 shares at 78.50 per share. ATVI shares that President and COO owns now total 156,170.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Activision Blizzard Inc. pays an annual dividend of $0.99, resulting in a dividend yield of 1.07%, and it has a price to earnings (P/E) ratio of 33.72. ATVI’s most recent ex-dividend date was 8/1/2023 when it declared a $0.99 quarterly dividend that was paid in cash on 8/17/2023. Previously, the company paid the dividend on 5/6/2022 with an ex-dividend date of 4/13/2022. The ATVI stock dividend was $0.47 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ATVI in the last 3 months, the mean price target is $94.56 with high estimates of $96.00 and low estimates of $90.00. In terms of 52-week highs and lows, ATVI has a high of $93.67 and a low of $70.94.

As of this writing, ATVI has an earnings estimate of $0.9 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $1.05 per share and a lower estimate of $0.72. The company reported an EPS of $0.6 in the last quarter, which was 15.40% higher than expectations of $0.52.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. ATVI’s latest balance sheet shows that the firm has $10.42B in Cash & Short Term Investments as of fiscal 2021. There were $3.61B in debt and $2.41B in liabilities at the time. Its Book Value Per Share was $26.45, while its Total Shareholder’s Equity was $17.60B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ATVI is Buy with a score of 3.30.

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