Should You Add Activision Blizzard (ATVI) to Your Portfolio?
The ATVI stock is a share in the ownership of Activision Blizzard, Inc., an American interactive gaming and entertainment company. Yet another tech stock we have added to our portfolio here at Invest Diva. Because, we are geeks. So if you wanna get geeky with us, let's conduct the IDDA approach on the ATVI stock to see where we stand.
1- Fundamentals
First things first, let's learn a bit about Activision Blizzard and their ATVI stock. They sure do have a cool name.
Who the heck are they?
Are you one of THOSE people who love Candy Crush? Guess what, Activision Blizzard acquired the maker of Candy Crush and home of 544 million monthly active users, King Digital Entertainment, back in 2016. So now they are officially a distributor of this ultra addictive game. Basically, they are turning into the gamer's dreamland. Headquartered in Santa Monica, California, Activision Blizzard, Inc., is one of the world's largest third-party video game publishers.
Besides Candy Crush, their franchise includes some of the strongest franchises in all of entertainment, including World of Warcraft®, StarCraft®, Diablo®, Hearthstone®, Heroes of the Storm™, Overwatch™, Call of Duty®, Skylanders® and Destiny® among others.
What are they doing differently?
Simply put, the Candy Crush owner is crushing it. Both Nintendo and Activision Blizzard achieved above $5 billion in revenue last year. However, that's where the relationship stops. When comparing recent profitability and growth, Nintendo's valuation relative to Activision Blizzard seems a bit out of whack.
In addition to Candy Crush makers, Activision Blizzard also owns four of the top 10 games on the latest consoles, including Call of Duty: Black Ops III. Blizzard users were up 23% year over year in its latest quarter. The company also notes that gamers on its platforms spent 42 billion hours in 2016, higher or in line with Netflix (NFLX), Facebook (FB), and all of the major U.S. professional sports leagues combined.
At the time of writing this article, ATVI stock market cap stands at 29.05B, versus Nintendo's 24.67B.
What's going on in their company structure?
Their CEO is 53-year-old Robert A. Kotick, who has been a director of Activision Blizzard since February 1991. His 2015 compensation was around $32,788,722. Neat.
Earnings Date: Feb 9, 2017
2- Long Term Technical Analysis
ATVI stock has been trading on the markets since June 1983. After a massive crash, it mainly remained a penny stock for almost 20 years. It wasn't until November 2004 that the share price broke above the key resistance of 4.15. Ever since, ATVI stock has turned into a growing stock, seeing the all-time high of 45.57 in August 2016.
Naturally, the market pulled back after hitting this level. It bottomed out again in December 2016, forming a Doji candle on the monthly chart, followed by a Bullish Engulfing in January 2017. It still remains above the monthly Ichimoku cloud, and is supported by the 23% Fibonacci retracement level at 34.85.
3- Market Sentiment
Read full article here.
1- Fundamentals
First things first, let's learn a bit about Activision Blizzard and their ATVI stock. They sure do have a cool name.
Who the heck are they?
Are you one of THOSE people who love Candy Crush? Guess what, Activision Blizzard acquired the maker of Candy Crush and home of 544 million monthly active users, King Digital Entertainment, back in 2016. So now they are officially a distributor of this ultra addictive game. Basically, they are turning into the gamer's dreamland. Headquartered in Santa Monica, California, Activision Blizzard, Inc., is one of the world's largest third-party video game publishers.
Besides Candy Crush, their franchise includes some of the strongest franchises in all of entertainment, including World of Warcraft®, StarCraft®, Diablo®, Hearthstone®, Heroes of the Storm™, Overwatch™, Call of Duty®, Skylanders® and Destiny® among others.
What are they doing differently?
Simply put, the Candy Crush owner is crushing it. Both Nintendo and Activision Blizzard achieved above $5 billion in revenue last year. However, that's where the relationship stops. When comparing recent profitability and growth, Nintendo's valuation relative to Activision Blizzard seems a bit out of whack.
In addition to Candy Crush makers, Activision Blizzard also owns four of the top 10 games on the latest consoles, including Call of Duty: Black Ops III. Blizzard users were up 23% year over year in its latest quarter. The company also notes that gamers on its platforms spent 42 billion hours in 2016, higher or in line with Netflix (NFLX), Facebook (FB), and all of the major U.S. professional sports leagues combined.
At the time of writing this article, ATVI stock market cap stands at 29.05B, versus Nintendo's 24.67B.
What's going on in their company structure?
Their CEO is 53-year-old Robert A. Kotick, who has been a director of Activision Blizzard since February 1991. His 2015 compensation was around $32,788,722. Neat.
Earnings Date: Feb 9, 2017
2- Long Term Technical Analysis
ATVI stock has been trading on the markets since June 1983. After a massive crash, it mainly remained a penny stock for almost 20 years. It wasn't until November 2004 that the share price broke above the key resistance of 4.15. Ever since, ATVI stock has turned into a growing stock, seeing the all-time high of 45.57 in August 2016.
Naturally, the market pulled back after hitting this level. It bottomed out again in December 2016, forming a Doji candle on the monthly chart, followed by a Bullish Engulfing in January 2017. It still remains above the monthly Ichimoku cloud, and is supported by the 23% Fibonacci retracement level at 34.85.
3- Market Sentiment
Read full article here.