Activision Blizzard, Inc. debt-to-equity ratio now stands at 0.25, while its quick ratio hovers at 2.00.
Activision recently lost one of their major revenue sources after lower than expected sales of Destiny 2: Forsaken, with developer Bungie splitting from the publisher and keeping the Destiny brand. The firm's revenue was down 12.6% compared to the same quarter previous year.
The publisher of some of the most well-known game titles in the industry, including Call of Duty and World of Warcraft, has seen its stock price almost halved since reaching its 52-week high in October.More news: United Kingdom signs Swiss trade deal as heat grows on Liam Fox
· Monthly performance of stock is -14.6%.
In the three months that ended December, Wall Street expect Activision to earn $1.29 per share on revenue of $3.04 billion. Activision could be vulnerable to more downgrades, too. Now shares of Activision Blizzard (NASDAQ:ATVI) have an average brokerage recommendation (ABR) of 1.52 number of Recs in ABR is 22 however the company's industry rank by ABR is out of 255. Activision Blizzard presently has a consensus rating of "Buy" and a consensus price target of $67.34. (NASDAQ:ATVI) has been pegged with a rating of Buy by The Benchmark Company in its latest research note that was published on February 11th, 2019. Vantage Advisors Limited Liability Com reported 0% of its capital in Activision Blizzard, Inc. Fidelity Management Research Co bought more COTY shares, increasing its portfolio by +6.41% during the last quarter. These include Activision Publishing CEO Eric Hirshberg and Blizzard chief Mike Morhaime, who left in 2018, and Activision chief financial officer Spencer Neumann, who was sacked on New Year's Eve and is now CFO at Netflix. Finally, Mondrian Capital Management LLC purchased a new stake in Activision Blizzard in the fourth quarter worth $47,000. (NASDAQ:ATVI). Tiverton Asset Management Ltd Llc owns 20,388 shares or 0.08% of their USA portfolio.
The stock institutional ownership counted 92.9% while insider ownership held at 0.7%.More news: Katy Perry's 'Blackface' Shoes Pulled From Stores Following Outcry
Stocks fell from a high of $84.68 (about P4,400) to $43.41 (about P2,200) on Friday, more than a 48 percent decline. The stock decreased 7.60% or $3.3 during the last trading session, reaching $40.11. It's very liquid in the near term, with a current ratio of 2.1. Activision Blizzard, Inc. now has a market cap of $30.99B, while its P/E ratio stands at 25.43, while its P/E earnings growth sits at 4.33, with a beta of 0.88. Under the Blizzard Entertainment umbrella, the company still rakes in millions from its World of Warcraft MMORPG.
The games listed above are, without a doubt, highly polished products which warrant their price tags.More news: Pot-smoking tipster finds tiger in abandoned house, police say