Activision Blizzard to lay off hundreds of staff

Andrew Cummings
February 12, 2019

ATVI trades at a forward P/E of 27.53, a P/B of 3.11, and a P/S of 4.57 The ATVI has PEG of 3.01. It trades for 17.01 times the next 12 months of expected earnings. ATVI's ROE is 5.7%, which is considerably worse than the industry's ROE of 20.34%. The stock has a debt/capital of 0.25. The highest sales estimate is $3.11 billion and the lowest is $2.97 billion. It has retreated -95.07% since it's 52-week high of $84.68 reached in October. During the yearly overview it downgraded -37.50% and shown -6.79% year to date performance. (ATVI) moved -1.25 % (Loss, ↓) in the last trading day finalized at the price of $43.41 on 08-02-2019 (Friday).

The short ratio in the company's stock is documented at 1.40 and the short float is around of 2.23%. On a downside, the stock is likely to find some support, which begins at $42.88.

New York: On Monday, 11 February, a research report was revealed of Activision Blizzard (NASDAQ:ATVI). After making this transaction, the CEO, King owns a direct stake of 1,357,581 shares, worth $611,343, as per the last closing price. On the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ATVI's 10-day call/put ratio of 5.45 stands in the 99th percentile of its annual range. The selling total is valued at $916,819. Now we here analyzed the 20 SMA trends of Activision Blizzard. (NASDAQ:ATVI) for 52.93 million shares. Stock analysts have TP of $68 which indicates 69.53 % upside potential on firm's stock.

It had seen a new analyst call from Goldman, which initiated the stock at Neutral on January 30. The stock had earned Hold rating from Deutsche Bank when it published its report on January 22nd, 2019. RSI is a momentum oscillator that measures the speed and change of price movements.

In context: In what's been a turbulent year for the publishing giant, seeing stagnating growth in key titles such as Overwatch and Hearthstone, as well as losing the Destiny IP, Activision is reportedly planning a restructuring effort aimed at increasing profitability. On Tuesday, January 29 Oppenheimer downgraded the shares of ATVI in report to "Market Perform" rating. Activision could be vulnerable to more downgrades, too. Its "Buy" Rating restate by Analysts at The Benchmark Company. ATVI last reported earnings on November 08, 2018 when it released Sep-18 results that exceeded expectations. That was better than consensus for $0.5.

Despite the changes, analysts are forecasting the company's sales to decline by about 2% from US$7.48 billion (~RM30.46 billion) to US$7.28 billion (~RM29.98 billion). Take-Two Interactive Software Inc. share price also fell last week after forecasts for this quarter were 100 million below the forecasts set by Wall Street for the company.

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