Glu Mobile Inc. [NASDAQ: GLUU] loss -1.94% on the last trading session, reaching $8.07 price per share at the time. The company report on August 4, 2020 that Glu Reports Second Quarter 2020 Financial Results.
Glu Mobile Inc. (NASDAQ: GLUU), a leading global developer and publisher of mobile games, today announced financial results for its second quarter ended June 30, 2020. The company also provided an outlook for its financial performance in the third quarter and raised its financial guidance for the full year 2020.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200804005964/en/.
Glu Mobile Inc. represents 156.58 million in outstanding shares, while the company has a total market value of $1.40 billion with the latest information. GLUU stock price has been found in the range of $7.95 to $8.275.
If compared to the average trading volume of 4.93M shares, GLUU reached a trading volume of 3433156 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 $11.20 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 1.90. 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 0.48, with the Price to Sales ratio for GLUU stock in the period of the last 12 months amounting to 3.04. The Price to Book ratio for the last quarter was 3.46, with the Price to Cash per share for the same quarter was set at 1.63. Price to Free Cash Flow for GLUU in the course of the last twelve months was 85.28 with Quick ratio for the last quarter at 2.10.
Trading performance analysis for GLUU stock
Glu Mobile Inc. [GLUU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.46. With this latest performance, GLUU shares dropped by -15.05% in over the last four-week period, additionally plugging by 8.83% over the last 6 months – not to mention a rise of 81.76% 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 43.11, with the RSI for the last a single of trading hit 44.42, and the three-weeks RSI is set at 43.58 for Glu Mobile Inc. [GLUU]. The present Moving Average for the last 50 days of trading for this stock 9.07, while it was recorded at 7.90 for the last single week of trading, and 7.41 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 2.10 and a Current Ratio set at 2.10.
Glu Mobile Inc. [GLUU]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Glu Mobile Inc. posted 0.07/share EPS, while the average EPS was predicted by analysts to be reported at 0.03/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 133.30%. 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 $1,027 million, or 65.10% of GLUU stock, in the hands of institutional investors. The top three institutional holders of GLUU stocks are: BLACKROCK INC. with ownership of 19,486,651, which is approximately 17.036% of the company’s market cap and around 1.30% of the total institutional ownership; VANGUARD GROUP INC, holding 11,212,016 shares of the stock with an approximate value of $90.48 million in GLUU stocks shares; and STATE STREET CORP, currently with $36.29 million in GLUU stock with ownership of nearly 13.417% of the company’s market capitalization.
Positions in Glu Mobile Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 168 institutional holders increased their position in Glu Mobile Inc. [NASDAQ:GLUU] by around 36,213,547 shares. Additionally, 84 investors decreased positions by around 21,149,436 shares, while 19 investors held positions by with 69,923,573 shares. The mentioned changes placed institutional holdings at 127,286,556 shares, according to the latest SEC report filing. GLUU stock had 69 new institutional investments in for a total of 16,699,656 shares, while 26 institutional investors sold positions of 7,831,145 shares during the same period.