Activision Blizzard Stock (NASDAQ
Looking longer, ATVI stock is up 67% from levels seen in late 2018. This compares with an increase of 22%. Take-Two Interactive Stock77% jump for Electronic Arts Stock, and a 65% increase for the S&P 500 index over the same period. Our Dashboard – Why Activision Blizzard Stock Moved – Provides more details on the factors behind the move over the past three years.
This growth over the past three years was driven by: 1. The company’s P/S ratio, which increased 50% from 4.8x in 2018 to 7.3x at present, and 2. Activision Blizzard Revenue It grew 11% over the past twelve months to $8.3 billion, compared to $7.5 billion in 2018. A 2% increase in currently outstanding shares, compared to 760 million in 2018, partially offset the stock’s growth. This meant that the company’s revenue per share increased only 9% from $9.86 to $10.71.
The COVID-19 pandemic resulted in higher revenues in 2020 and 2021, as people abandoned more public forms of entertainment, and user engagement levels were, by and large, trending higher for gaming companies. However, given the spurt in economic activity and the gradual lifting of shelter-in-place restrictions in recent quarters, gaming user engagement levels have declined. The company’s total monthly active users (MAUs) fell to 372 million in March 2022 as compared to 435 million in March 2021. That hit the company’s overall bookings growth, which fell 22% annually to $1.5 billion, not missing the consensus estimate of $1.8 billion.
Given the acquisition of Activision Blizzard by Microsoft, the deal is to be reviewed by the US Federal Trade Commission. ATVI stock, at its current level of around $78, is trading 18% below Microsoft’s bid of $95, which means investors are considering the possibility of the US FTC blocking the merger. Note that if the merger is successful, Microsoft will become the third largest gaming company globally after Tencent and Sony.
While ATVI stock has seen solid growth in recent days, see how Activision Blizzard Companions Fare on metrics that matter. You’ll find other useful comparisons for companies across industries here. peer comparison,
In addition, the COVID-19 crisis has created several pricing discontinuities that can provide lucrative trading opportunities. For example, you’d be surprised how intuitive it is to approach stock valuations. Electronic Arts vs. Emergent BioSolutions,
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