Activision Blizzard Soars On Q4 Beat; Stock Hits Buy Point

(NASDAQ:ATVI) for the current quarter. 2 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data. Company's revenues grew 49% to a quarterly record of $2.01 billion for December quarter. (NASDAQ:NUVA) says it's hiring 200 or more people locally this year. The stock has gained consensus mean rating of Buy based on the analysis of brokerage analyst firms polled. For the Most Recent Fiscal Year, Activision Blizzard, Inc has a price to cash ratio of 20.11.

Activision Blizzard, Inc. (NASDAQ:ATVI) last announced results for quarter ended on 30 Sep 2016, disclosing EPS of $0.52 The reported earnings per share topped the analyst's consensus by $0.1 with the percentage difference between estimated and actual earnings arriving at 23.80%. The share price is now 3.16 percent versus its SMA20, 8.74 percent versus its SMA50, and 9.56 percent versus its SMA200. Activision Blizzard has a 12 month low of $26.49 and a 12 month high of $45.55.

The Relative Volume of the company is 1.46 and Average Volume (3 months) is 8.31 million. Total debt to equity ratio of the company for most recent quarter is 0.72 while Long term debt to equity ratio for same time period is 0.55.

"Our record performance in 2016 further strengthened our position as the world's leading stand-alone interactive entertainment company", Activision CEO Bobby Kotick said in a statement. Stock's minimum price target estimates has been figured out at $40.00 while the maximum price target forecast is established at $56.00. Zacks Investment Research lowered shares of Activision Blizzard from a "buy" rating to a "hold" rating in a report on Monday, December 12th. The score shows the rating on a scale of 1 to 5, where 1=strong buy and 5=strong sell. The response on Wall Street has been mixed, with Credit Suisse, Stifel, and Deutsche Bank upping their price targets, but RBC and Goldman Sach lowering theirs. Analyst's mean target price for NUVA is $73.36 while analysts mean recommendation is 1.90. The stock soared 47.79 percent over the last 6 months. Louisiana State Employees Retirement System now owns 43,400 shares of the company's stock worth $1,923,000 after buying an additional 10,000 shares during the last quarter. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.31% with $682.02 Million sitting short, betting on future declines. The stock has a quick ratio of 0.70 and a current ratio of 0.90. The company has a Return on Assets (ROA) of 6.20%. On a non-GAAP (redefined) basis, the company's earnings per diluted share were an all-time record $0.65, as compared with $0.25 for the fourth quarter of 2015, an increase of 160%. GAAP earnings per diluted share were $0.33, as compared with $0.21 for the fourth quarter of 2015, an increase of 57%. That value represents a market adjusting for revenues that have been growing by 58.38 % on a quarterly year/year basis as of the company's last quarterly report. The stock hit 1-yearhigh at $38.38 and a low of $25.44 in the same period.

  • Joe Gonzales