Glu Mobile Inc (NASDAQ:GLUU) shares traded 6.03% up during most recent session to reach at the closing price of $9.49. The stock exchanged hands 2.76 Million shares versus average trading capacity of 2.42 Million shares, yielding a market cap of $1.28 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $9.14 within the next 52-weeks. The mean target projections are based on 7 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 $11 and with a conservative view have low price target of $8.
Stephens & Co. “Initiates Coverage On” Glu Mobile Inc (NASDAQ:GLUU) in a research note issued to investors on 1/11/19 to Overweight with price target of $10.5.
Additionally on 10/08/18 Roth Capital “Downgrades” Glu Mobile Inc (NASDAQ:GLUU) to Neutral setting price target at $0 and on 8/01/18 Stifel Nicolaus “Maintained” the stock to Buy at $7. Furthermore on 6/15/18 PiperJaffray “Initiates Coverage On” the stock to Overweight at $7.5.
On the other hand the company has Relative Strength Index (RSI 14) of 56.14 along with Average True Range (ATR 14) of 0.48, Consequently Glu Mobile Inc (NASDAQ:GLUU)’s weekly and monthly volatility is 5.58%, 4.38% respectively. The company’s beta value is at 0.77.
In terms of Buy, Sell or Hold recommendations, Glu Mobile Inc (NASDAQ:GLUU) has analysts’ mean recommendation of 2. 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 $0.06 and can go high up to $0.07. The consensus mean EPS for the current quarter is at $0.07 derived from a total of 7 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.23 earnings per share for the same quarter during last year.
Previously Glu Mobile Inc (NASDAQ:GLUU) reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The company posted an earnings surprise of 28.6%.
Glu Mobile Inc (NASDAQ:GLUU)’s revenue estimates for the current quarter are $95.48 Million according to 6 number of analysts, for the current quarter the company has high revenue estimates of $96.23 Million in contradiction of low revenue estimates of $94.59 Million. For the current year the company’s revenue estimates are $379.77 Million compared to low analyst estimates of $365.51 Million and high estimates of $383 Million according to 7 number of analysts.
Currently Glu Mobile Inc (NASDAQ:GLUU)’s shares owned by insiders are 1.1%, whereas shares owned by institutional owners are 61%. However the six-month change in the insider ownership was recorded -27.06%, as well as three-month change in the institutional ownership was recorded 5.9%.
Glu Mobile Inc (NASDAQ:GLUU)’s trailing twelve month revenues are $366.6 Million, whereas its price to sales ratio for the same period is 3.5. Its book value per share for the most recent quarter is $1.21 while its price to book ratio for the same period is 7.84, as for as the company’s cash per share for the most recent quarter is $0.6, however its price to cash per share ratio for the same period is 15.87. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.