Technical Report on Glu Mobile Inc. (NASDAQ:GLUU)

Glu Mobile Inc. (NASDAQ:GLUU) (TREND ANALYSIS) shares were traded with thin volume. The stock closed last trading session at $5.08, up by 0.99%, with a volume of 1,174,470 shares against an average volume for the last 3 months of 3,117,130.

Stock Performance: Click here for a free comprehensive Trend analysis report

Glu Mobile Inc. (NASDAQ:GLUU) is currently trading 33.16% below its 52-week-high, 55.35% above its 52-week-low. The 12-months range for the stock is $3.27 – $7.6. Glu Mobile Inc. (GLUU) has a price to earnings ratio of 62.88 versus Nasdaq average of 17.38. GLUU stock price has outperformed the Nasdaq by 25.2%. The Home Entertainment Software company is currently valued at $0.54 billion and its share price closed the last trading session at $5.08. The stock has a 50-day moving average of $4.45 and a 200-day moving average of $4.4.

Glu Mobile Inc. (GLUU) current short interest stands at 18.66 millions shares. It has decreased by 5% from the same period of last month. Around 18% of the company’s shares, which are float, are short sold. With a 10-days average volume of 1.82 millions shares, the number of days required to cover the short positions stand at 10.3 days.

Is this a Buying Opportunity? Click here for a free Trend Analysis Report

There are currently eight analysts that cover GLUU stock. Of those eight, eight have a Buy rating, . On a consensus basis this yields to a Buy rating. The consensus target price stands at $7.12.

A recent analyst activity consisted of Northland Capital reiterating their Outperform stance on February 5. Northland Capital increased their price target on GLUU from $7 to $7.5. This corresponds to a 47.64% upside from the last closing price. On the date of report, the stock closed at $5.02.

Canaccord Genuity reiterated their Buy stance on October 30. Canaccord Genuity decreased price target from $8 to $6. This translates to a 18.11% upside from the last closing price. On the date of report, the stock closed at $3.61.

Company profile

Glu Mobile Inc. designs, markets, and sells mobile games worldwide. It develops original games based on its intellectual property comprising Big Time Gangsta￿, Blood & Glory, Bug Village, Contract Killer, Contract Killer: Zombies, Eternity Warriors, Frontline Commando, Gun Bros, Men vs. Machines, Stardom: The A-List, Super K.O. Boxing and Toyshop Adventures. The company also develops games based on licensed intellectual property consisting of Build-a-lot, Call of Duty, Deer Hunter, DJ Hero, Guitar Hero, Family Feud, Family Guy, Lord of the Rings, Paperboy, The Price Is Right, Transformers, Who Wants to Be a Millionaire?, and World Series of Poker. It offers a portfolio of action/adventure and casual games to smartphones and tablet devices users through direct-to-consumer digital storefronts, as well as to feature phone users served by wireless carriers and other distributors. The company was formerly known as Sorrent, Inc. and changed its name to Glu Mobile Inc. in May 2005. Glu Mobile Inc. was incorporated in 2001 and is headquartered in San Francisco, California.

Technical Report on Glu Mobile Inc. (NASDAQ:GLUU) was last modified: March 6th, 2015 by Kelly Rhodes

Add Comment

Time limit is exhausted. Please reload CAPTCHA.