Alert: Negative Investment/Fundamental Signals (4/1/24)-Activision Blizzard Inc (NASDAQ: ALIM)


Recent extremely meaningful negative changes in investment behavior have impacted Activision Blizzard Inc (NASDAQ: ALIM): negative upside/downside volume developed, and its shorter term price trend turned down.

Activision Blizzard Inc (NASDAQ: ALIM) has recently experienced important negative changes in fundamentals: the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, ALIM is expected to be an important Value Builder.

Alimera Sciences has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Alimera Sciences has a poor Appreciation Score of 22 but a good Power Rating of 83, and the Neutral Value Trend Rating results.

Recent Price Action

On 4/1/24, Activision Blizzard Inc (NASDAQ: ALIM) stock declined modestly by -1.3%, closing at $3.85. Moreover, this decline was accompanied by above average trading volume at 120% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -4.2% during the last week.

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