Why Activision Blizzard, Inc (NASDAQ:ATVI) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $46.42 on Activision Blizzard, Inc (NASDAQ:ATVI) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.97 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Activision Blizzard, Inc (NASDAQ:ATVI) stands at 43.12.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Activision Blizzard, Inc, the PEG ratio for coming 3-5 years is 0.93.

Technical Analysis

The technical analysis highlights that Activision Blizzard, Inc current is trading $1.83 points away or +4.47% from its 50-day moving average of $40.99. Further it is trading $5.85 or +15.83% away its 200-day moving average of $36.97.

The 52-week high of Activision Blizzard, Inc (NASDAQ:ATVI) was $43.54 while lowest point recorded in 52-week was $26.49. It implies if stock price makes a movement of over $-0.72, it will record a new 52-week high. In the case of +61.65% drop, it will touch a new 52-week low.

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