Glu Mobile Inc. [NASDAQ: GLUU] loss -8.00% or -0.75 points to close at $8.63 with a heavy trading volume of 4431616 shares. It opened the trading session at $9.10, the shares rose to $9.46 and dropped to $8.62, the range by which the price of stock traded the whole day. The daily chart for GLUU points out that the company has recorded 47.77% gains over the past six months. However, it is still -116.83% lower than its most recent low trading price.
If we look at the average trading volume of 4.28M shares, GLUU reached to a volume of 4431616 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Glu Mobile Inc. [GLUU]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GLUU shares is $10.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GLUU stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for Glu Mobile Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 10, 2020. The new note on the price target was released on May 11, 2020, representing the official price target for Glu Mobile Inc. stock. Previously, the target price had yet another raise from $10 to $11, while The Benchmark Company kept a Buy rating on GLUU stock. On April 23, 2020, analysts increased their price target for GLUU shares from 9 to 10.
The Average True Range (ATR) for Glu Mobile Inc. is set at 0.62, with the Price to Sales ratio for GLUU stock in the period of the last 12 months amounting to 3.28. The Price to Book ratio for the last quarter was 6.12, with the Price to Cash per share for the same quarter was set at 0.71. Price to Free Cash Flow for GLUU in the course of the last twelve months was 118.57 with Quick ratio for the last quarter at 1.50.
Trading performance analysis for GLUU stock
Glu Mobile Inc. [GLUU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.97. With this latest performance, GLUU shares dropped by -10.57% in over the last four-week period, additionally plugging by 47.77% over the last 6 months – not to mention a rise of 18.38% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GLUU stock in for the last two-week period is set at 45.35, with the RSI for the last a single of trading hit 38.99, and the three-weeks RSI is set at 48.73 for Glu Mobile Inc. [GLUU]. The present Moving Average for the last 50 days of trading for this stock 8.34, while it was recorded at 9.05 for the last single week of trading, and 6.50 for the last 200 days.
Glu Mobile Inc. [GLUU]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Glu Mobile Inc. [GLUU] shares currently have an operating margin of +1.87 and a Gross Margin at +64.74. Glu Mobile Inc.’s Net Margin is presently recorded at +2.16.
Return on Total Capital for GLUU is now 3.65, given the latest momentum, and Return on Invested Capital for the company is 4.25. Return on Equity for this stock inclined to 4.66, with Return on Assets sitting at 2.42. When it comes to the capital structure of this company, Glu Mobile Inc. [GLUU] has a Total Debt to Total Equity ratio set at 20.13. Additionally, GLUU Total Debt to Total Capital is recorded at 16.76, with Total Debt to Total Assets ending up at 9.78. Long-Term Debt to Equity for the company is recorded at 18.39, with the Long-Term Debt to Total Capital now at 15.31.
Reflecting on the efficiency of the workforce at the company, Glu Mobile Inc. [GLUU] managed to generate an average of $12,407 per employee. Receivables Turnover for the company is 14.53 with a Total Asset Turnover recorded at a value of 1.12.Glu Mobile Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.50.
Glu Mobile Inc. [GLUU]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Glu Mobile Inc. posted 0.06/share EPS, while the average EPS was predicted by analysts to be reported at 0.05/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 20.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GLUU. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Glu Mobile Inc. go to 15.00%.
An analysis of insider ownership at Glu Mobile Inc. [GLUU]
There are presently around $1,060 million, or 76.60% of GLUU stock, in the hands of institutional investors. The top three institutional holders of GLUU stocks are: BLACKROCK INC. with ownership of 16,650,173, which is approximately -7.038% of the company’s market cap and around 0.90% of the total institutional ownership; VANGUARD GROUP INC, holding 10,928,711 shares of the stock with an approximate value of $102.51 million in GLUU stocks shares; and COATUE MANAGEMENT LLC, currently with $40.99 million in GLUU stock with ownership of nearly 1196.717% of the company’s market capitalization.
Positions in Glu Mobile Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 113 institutional holders increased their position in Glu Mobile Inc. [NASDAQ:GLUU] by around 27,218,941 shares. Additionally, 100 investors decreased positions by around 19,875,767 shares, while 26 investors held positions by with 65,911,317 shares. The mentioned changes placed institutional holdings at 113,006,025 shares, according to the latest SEC report filing. GLUU stock had 47 new institutional investments in for a total of 10,564,511 shares, while 36 institutional investors sold positions of 9,243,231 shares during the same period.