Glu Mobile Inc. [GLUU] moved down -0.98: Why It’s Important

Glu Mobile Inc. [NASDAQ: GLUU] closed the trading session at $7.09 on 11/02/20. The day’s price range saw the stock hit a low of $6.955, while the highest price level was $7.265. The company report on October 9, 2020 that Glu Announces Date of Third Quarter 2020 Financial Results Release, Conference Call, and Webcast.

Glu Mobile Inc. (NASDAQ: GLUU), a leading developer and publisher of mobile games, today announced that it will report its financial results for the third quarter ended September 30, 2020 after the U.S. markets close on Thursday, November 5, 2020. In conjunction with this announcement, Glu management will host a conference call and webcast that afternoon at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss and answer questions about the company’s financial results. Prior to the conference call and webcast, Glu will issue a press release reporting these results on the Investors portion of the company’s website,

Conference Call Details.

The stocks have a year to date performance of 17.19 percent and weekly performance of -8.16 percent. The stock has been moved at -14.68 percent over the last six months. The stock has performed -5.21 percent around the most recent 30 days and changed -27.51 percent over the most recent 3-months.

If compared to the average trading volume of 4.24M shares, GLUU reached to a volume of 4492555 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $10.88 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.

Goldman have made an estimate for Glu Mobile Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 01, 2020. While these analysts kept the previous recommendation, UBS raised their target price to Buy. The new note on the price target was released on June 10, 2020, representing the official price target for Glu Mobile Inc. stock. Previously, the target price had yet another raise to $10.50, while Morgan Stanley analysts kept a Equal-Weight rating on GLUU stock. On May 08, 2020, analysts increased their price target for GLUU shares from 10 to 11.

The Average True Range (ATR) for Glu Mobile Inc. is set at 0.31, with the Price to Sales ratio for GLUU stock in the period of the last 12 months amounting to 2.70. The Price to Book ratio for the last quarter was 3.04, with the Price to Cash per share for the same quarter was set at 1.61. Price to Free Cash Flow for GLUU in the course of the last twelve months was 75.82 with Quick ratio for the last quarter at 2.10.

GLUU stock trade performance evaluation

Glu Mobile Inc. [GLUU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.16. With this latest performance, GLUU shares dropped by -5.21% in over the last four-week period, additionally sinking by -14.68% over the last 6 months – not to mention a rise of 17.97% 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 34.50, with the RSI for the last a single of trading hit 27.68, and the three-weeks RSI is set at 38.82 for Glu Mobile Inc. [GLUU]. The present Moving Average for the last 50 days of trading for this stock 7.65, while it was recorded at 7.37 for the last single week of trading, and 7.89 for the last 200 days.

Glu Mobile Inc. [GLUU]: An insightful look at the core fundamentals

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.

Earnings per share (EPS) analysis for Glu Mobile Inc. [GLUU] stock

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%.

Glu Mobile Inc. [GLUU]: Insider Ownership positions

There are presently around $903 million, or 76.20% 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 1.00% of the total institutional ownership; VANGUARD GROUP INC, holding 11,212,016 shares of the stock with an approximate value of $80.28 million in GLUU stocks shares; and STATE STREET CORP, currently with $32.2 million in GLUU stock with ownership of nearly 13.417% of the company’s market capitalization.

178 institutional holders increased their position in Glu Mobile Inc. [NASDAQ:GLUU] by around 36,331,701 shares. Additionally, 83 investors decreased positions by around 19,127,310 shares, while 20 investors held positions by with 70,677,134 shares. The mentioned changes placed institutional holdings at 126,136,145 shares, according to the latest SEC report filing. GLUU stock had 71 new institutional investments in for a total of 16,727,854 shares, while 28 institutional investors sold positions of 7,635,816 shares during the same period.

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