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Stock in Focus: Activision Blizzard, Inc. (ATVI)

-- Sunday, February 9, 2020, 16:23 --

Company Profile:

Activision Blizzard, Inc. develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. It develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content. The company was incorporated in 1979 and is headquartered in Santa Monica, California.

Recent News:

Activision Blizzard surprised by delivering a (statutory) profit of US$1.95 per share, an impressive 25% above what analysts had forecast. It posted better-than-expected December-quarter results. Adjusted revenue hit $2.71 billion, ahead of the consensus forecast on Wall Street for $2.68 billion.

On Jan. 24, 2020, Activision Blizzard Inc. has formed a multi-year strategic partnership with Google to stream live esports broadcasts, including Overwatch League and Call of Duty League, exclusively on YouTube.The Google deal, added to the boost from new game console launches this fall, will help ATVI stock continue on the growth path.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

ATVI’s strengths can be seen in its better profitability and strong efficiency compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, MACD is trying to cross back up and the RSI stands at 60.07 with positive bias. We rate Activision Blizzard, Inc. (ATVI) a STRONG BUY.

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