Technology

Analyst Views on Price Target: Glu Mobile Inc. (NASDAQ:GLUU)

Glu Mobile Inc. (NASDAQ:GLUU) shares traded 3.03% during the most recent session the stock exchanged hands 5.29M shares versus average trading capacity of 8.48M shares, yielding a market cap of $324.90M. Wall Street analysts covering the stock are projecting that the stock will reach $2.66 within the next 52-weeks. The mean target projections are based on 7 opinions, the mean target was last revised on 03/17/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Glu Mobile Inc. (NASDAQ:GLUU) high price target of $3.25 and with a conservative view have low price target of $2.54 with a standard deviation of $0.52. If seeing target price from optimistic overview then it has a 37 percent upside potential from the latest closing price of $2.38.

Glu Mobile Inc. (NASDAQ:GLUU) received “Upgrade” rating by ROTH Capital in a research note issued to investors on Feb-06-17 from Neutral to Buy.

Additionally on Dec-23-16 Glu Mobile Inc. (NASDAQ:GLUU) was “Initiated” by Mizuho as Neutral at $2.30 and on Nov-10-16 the stock was “Reiterated” by The Benchmark Company as Hold from $2.32 to $2.15. Furthermore on Aug-03-16 the stock was “Reiterated” by Wedbush as Neutral from $2.45 to $2.25.

On the other hand the company has Relative Strength Index (RSI 14) of 62.99 along with Average True Range (ATR 14) of 0.10, Consequently Glu Mobile Inc. (NASDAQ:GLUU) weekly and monthly volatility is 4.43%, 4.17% respectively. The company’s beta value is at 1.83.

In terms of Buy, Sell or Hold recommendations, Glu Mobile Inc. (NASDAQ:GLUU) has an analysts’ mean recommendation of 2.40. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that Glu Mobile Inc. (NASDAQ:GLUU) will report earnings of -$0.07 for the current quarter on or around 5/3/2017 After Market Close, however the company’s high EPS estimates are -$0.06 and low estimates are -$0.08. However the company reported -$0.03 earnings per share for the same quarter during last year.

Previously Glu Mobile Inc. (NASDAQ:GLUU) reported -$0.13 earnings per share (EPS) for the quarter on 2/8/2017 After Market Close, missing the consensus estimate of -$0.1 by -$0.03. The company posted an earnings surprise of -30.00%.

While considering growth estimates of the company, it has next quarter growth estimates of -66.70% whereas during current quarter it has -133.30% estimations over growth, comparing to the estimations of 41.90% during current year and 77.80% for next year. Next 5 years growth of Glu Mobile Inc. (NASDAQ:GLUU) observed at 15.00%.

Glu Mobile Inc. (NASDAQ:GLUU) revenue estimates for the current quarter are $53.52M according to 7 number of analysts, for the current quarter the company has high revenue estimates of $54.43M in contradiction of low revenue estimates of $52.22M. For the current year the company’s revenue estimates are $218.62M compared to low analyst estimates of $213.64M and high estimates of $223.2M according 7 number of analysts.

Currently Glu Mobile Inc. (NASDAQ:GLUU) shares owned by insiders are 1.00%, whereas shares owned by institutional owners are 31.30%. However the six-month change in the insider ownership was recorded 9.92%, as well as three-month change in the institutional ownership was recorded -0.26%.

Glu Mobile Inc. (NASDAQ:GLUU) trading -19.32% away from its 52 week high of $2.95 and +37.57% far from the stock’s low point over the past 52 weeks, which was $1.73. The stock hit its 52-week high on 07/19/16, and 52-week low on 11/04/16. The company’s trailing twelve month income is -87.40M dollars.

Glu Mobile Inc. (NASDAQ:GLUU) trailing twelve month revenues are $200.60M, whereas its price to sales ratio for the same period is 1.58. Its book value per share for the most recent quarter is $1.74 while its price to book ratio for the same period is 1.37, as for as the company’s cash per share for the most recent quarter is $0.77, however its price to cash per share ratio for the same period is 3.10. The stock has a current PEG ratio of -0.88 where as its trailing twelve month P/E ratio is -3.59.

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