Glu Mobile Inc. [NASDAQ: GLUU] stock went on an upward path that rose over 0.80% on Tuesday, amounting to a one-week price increase of more than 9.02%. The company report on November 6, 2020 that Glu Reports Third Quarter 2020 Financial Results.
Record revenue of $158.5 million up 48% year over year with net income of $13.4 million.
Bookings grew 22% year over year to $147.3 million driven by a 13% increase in Growth Games.
Over the last 12 months, GLUU stock rose by 61.54%. The one-year Glu Mobile Inc. stock forecast points to a potential upside of 22.29. The average equity rating for GLUU stock is currently 1.90, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $1.50 billion, with 171.25 million shares outstanding and 145.59 million shares in the current float. Compared to the average trading volume of 3.98M shares, GLUU stock reached a trading volume of 3499630 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $11.35 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 0.44, with the Price to Sales ratio for GLUU stock in the period of the last 12 months amounting to 2.94. The Price to Book ratio for the last quarter was 3.87, with the Price to Cash per share for the same quarter was set at 1.87. Price to Free Cash Flow for GLUU in the course of the last twelve months was 32.75 with Quick ratio for the last quarter at 2.40.
GLUU Stock Performance Analysis:
Glu Mobile Inc. [GLUU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.02. With this latest performance, GLUU shares gained by 16.36% in over the last four-week period, additionally sinking by -9.58% over the last 6 months – not to mention a rise of 61.54% 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 62.34, with the RSI for the last a single of trading hit 65.62, and the three-weeks RSI is set at 59.44 for Glu Mobile Inc. [GLUU]. The present Moving Average for the last 50 days of trading for this stock 7.70, while it was recorded at 8.58 for the last single week of trading, and 8.00 for the last 200 days.
Insight into Glu Mobile Inc. Fundamentals:
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 2.40 and a Current Ratio set at 2.40.
GLUU Stock EPS
With the latest financial reports released by the company, Glu Mobile Inc. posted 0.09/share EPS, while the average EPS was predicted by analysts to be reported at 0.08/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 12.50%. 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 Position Details
There are presently around $1,122 million, or 77.70% of GLUU stock, in the hands of institutional investors. The top three institutional holders of GLUU stocks are: BLACKROCK INC. with ownership of 21,119,338, which is approximately 8.378% of the company’s market cap and around 1.00% of the total institutional ownership; VANGUARD GROUP INC, holding 10,606,653 shares of the stock with an approximate value of $93.55 million in GLUU stocks shares; and STATE STREET CORP, currently with $42.85 million in GLUU stock with ownership of nearly 8.023% of the company’s market capitalization.
Positions in Glu Mobile Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 153 institutional holders increased their position in Glu Mobile Inc. [NASDAQ:GLUU] by around 24,778,649 shares. Additionally, 108 investors decreased positions by around 25,318,431 shares, while 23 investors held positions by with 77,107,041 shares. The mentioned changes placed institutional holdings at 127,204,121 shares, according to the latest SEC report filing. GLUU stock had 42 new institutional investments in for a total of 8,853,274 shares, while 47 institutional investors sold positions of 11,204,516 shares during the same period.