Trade-Ideas LLC identified

Activision Blizzard

(

ATVI

) as a new lifetime high 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 $238.8 million.

ATVI has traded 1.5 million shares today.

ATVI is trading at a new lifetime high.

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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 0.6%. ATVI has a PE ratio of 26. Currently there are 13 analysts that rate Activision Blizzard a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Activision Blizzard has been 8.7 million shares per day over the past 30 days. Activision Blizzard has a market cap of $28.4 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 1.10 and a short float of 9.5% with 8.47 days to cover. Shares are up 92% year-to-date as of the close of trading on Monday.

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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, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

Highlights from the ratings report include:

The revenue growth greatly exceeded the industry average of 15.6%. Since the same quarter one year prior, revenues rose by 31.6%. Growth in the company's revenue appears to have helped boost the earnings per share.

Powered by its strong earnings growth of 666.66% and other important driving factors, this stock has surged by 75.13% over the past year, outperforming the rise in the S&P 500 Index during the same period. 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.

ACTIVISION BLIZZARD INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, ACTIVISION BLIZZARD INC increased its bottom line by earning $1.14 versus $0.95 in the prior year. This year, the market expects an improvement in earnings ($1.36 versus $1.14).

The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Software industry. The net income increased by 652.2% when compared to the same quarter one year prior, rising from -$23.00 million to $127.00 million.

The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Software industry and the overall market, ACTIVISION BLIZZARD INC's return on equity exceeds that of both the industry average and the S&P 500.

You can view the full Activision Blizzard Ratings Report.

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