Glu Mobile Inc (NASDAQ:GLUU) shares traded 2.34% up during most recent session to reach at the closing price of $3.5. The stock exchanged hands 1.5 Million shares versus average trading capacity of 3.43 Million shares, yielding a market cap of $459.62 Million. Wall Street analysts covering the stock are projecting that the stock will reach $3.16 within the next 52-weeks. The mean target projections are based on 6 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Glu Mobile Inc (NASDAQ:GLUU) high price target of $4 and with a conservative view have low price target of $2.24.
Roth Capital “Upgrades” Glu Mobile Inc (NASDAQ:GLUU) in a research note issued to investors on 2/06/17 to Buy with price target of $0.
Additionally on 12/23/16 Mizuho “Initiates Coverage On” Glu Mobile Inc (NASDAQ:GLUU) to Neutral setting price target at $2.3 and on 8/03/16 Northland Securities “Downgrades” the stock to Market Perform. Furthermore on 5/04/16 Roth Capital “Downgrades” the stock to Neutral at $2.5.
On the other hand the company has Relative Strength Index (RSI 14) of 66.24 along with Average True Range (ATR 14) of 0.14, Consequently Glu Mobile Inc (NASDAQ:GLUU)’s weekly and monthly volatility is 4.45%, 3.71% respectively. The company’s beta value is at 1.89.
In terms of Buy, Sell or Hold recommendations, Glu Mobile Inc (NASDAQ:GLUU) has analysts’ mean recommendation of 2.4. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Glu Mobile Inc (NASDAQ:GLUU)’s minimum EPS for the current quarter is at $-0.04 and can go high up to $-0.02. The consensus mean EPS for the current quarter is at $-0.03 derived from a total of 6 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.24 earnings per share for the same quarter during last year.
Previously Glu Mobile Inc (NASDAQ:GLUU) reported $-0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.1 by $0.06. The company posted an earnings surprise of 60%.
Glu Mobile Inc (NASDAQ:GLUU)’s revenue estimates for the current quarter are $79.95 Million according to 6 number of analysts, for the current quarter the company has high revenue estimates of $83 Million in contradiction of low revenue estimates of $78.5 Million. For the current year the company’s revenue estimates are $310.5 Million compared to low analyst estimates of $308 Million and high estimates of $315 Million according to 6 number of analysts.
Currently Glu Mobile Inc (NASDAQ:GLUU)’s shares owned by insiders are 1.3%, whereas shares owned by institutional owners are 37.2%. However the six-month change in the insider ownership was recorded -20.44%, as well as three-month change in the institutional ownership was recorded 19.33%.
Glu Mobile Inc (NASDAQ:GLUU) 52-week high price stands at $3.70 and low price stands at $1.73, its price distance from 52-week high is -5.41% while its distance from 52-week low price is 102.31%.
Glu Mobile Inc (NASDAQ:GLUU)’s trailing twelve month revenues are $223.2 Million, whereas its price to sales ratio for the same period is 2.06. Its book value per share for the most recent quarter is $1.43 while its price to book ratio for the same period is 2.45, as for as the company’s cash per share for the most recent quarter is $0.52, however its price to cash per share ratio for the same period is 6.75. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.