Activision Blizzard (ATVI) Weak In Early Morning Trading

Trade-Ideas LLC identified Activision Blizzard (ATVI) as a pre-market laggard candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Activision Blizzard

(

ATVI

) as a pre-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Activision Blizzard as such a stock due to the following factors:

  • ATVI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $220.6 million.
  • ATVI traded 106,773 shares today in the pre-market hours as of 8:00 AM.
  • ATVI is down 4.1% today from Friday's close.

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More details on ATVI:

Activision Blizzard, Inc. develops and publishes online, personal computer (PC), video game console, handheld, mobile, and tablet games worldwide. The stock currently has a dividend yield of 0.7%. ATVI has a PE ratio of 28. Currently there are 14 analysts that rate Activision Blizzard a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Activision Blizzard has been 10.1 million shares per day over the past 30 days. Activision Blizzard has a market cap of $25.5 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 1.12 and a short float of 10.5% with 8.62 days to cover. Shares are up 72.5% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Activision Blizzard as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, increase in net income and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 18.8%. Since the same quarter one year prior, revenues slightly increased by 7.6%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 83.77% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, ATVI should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Software industry average. The net income increased by 3.9% when compared to the same quarter one year prior, going from $204.00 million to $212.00 million.
  • Net operating cash flow has increased to $135.00 million or 27.35% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -11.94%.

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