Activision Blizzard Inc (NASDAQ: ALIM) has reported E.P.S. of $-0.06 for its second fiscal quarter (ending June 30) versus $-1.32 for the same period a year ago. Relative to the consensus estimate of $0.01, this was a shortfall of $-0.07. For the latest four quarters through June 30, E.P.S. were $-0.31 compared to $-3.36 a year ago.
Recent Price Action
Activision Blizzard Inc (NASDAQ: ALIM) stock was unchanged 0.0% on 8/6/24. The shares closed at $5.55. However, exceptionally low trading volume at 40% of normal accompanied the flat performance. The stock has been strong relative to the market over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ALIM is expected to be a major Value Builder.
Alimera Sciences has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Alimera Sciences has a poor Appreciation Score of 19 but a good Power Rating of 71, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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