Activision Blizzard : A technical turn-around configuration
09/10/2019 | 10:25am EDT
Entry price :
54.745$ | Target : 69$ | Stop-loss : 47$ | Potential : 26.04%
Activision Blizzard shares could get back into a rising trend over the medium term, as suggested by technical indicators. Investors have an opportunity to buy the stock and target the $ 69.
Chart ACTIVISION BLIZZARD
The company has solid fundamentals for a short-term investment strategy.
Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits. Thanks to a sound financial situation, the firm has significant leeway for investment. Over the last seven days, analysts have been revising upwards their EPS estimates for the company. For the past twelve months, EPS forecast has been revised upwards. Analysts covering this company mostly recommend stock overweighting or purchase.
The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal. According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years. Based on current prices, the company has particularly high valuation levels. The company's valuation in terms of earnings multiples is rather high. Indeed, the firm is getting paid 36.09 times its estimated earnings per share for the ongoing year. The firm pays small or no dividend to shareholders. For that reason, it is not a yield company. For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts. For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago. Below the resistance at 55.88 USD, the stock shows a negative configuration when looking looking at the weekly chart.
Subsector Internet Gaming
1st jan. Capitalisation (M$) Investor Rating
ACTIVISION BLIZZARD 19.78% 42 785
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6 346 M
2 071 M
Net income 2019
1 222 M
3 126 M
P/E ratio 2019
P/E ratio 2020
EV / Sales2019
EV / Sales2020
42 785 M
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