Wedbush Sticks to Its Hold Rating for Glu Mobile (GLUU)

Remigio Civitarese
Novembre 9, 2018

$138,345 worth of Glu Mobile Inc. The lowest EPS estimate is $0.06 and the highest is $0.08.

EPS in next five year years is expected to touch 15.00% while EPS growth in past 5 year was -25.10% along with sales growth of 21.50% in the last five years. Hank Winkel primarily reports on Market Movers category.

ATR value of company was 0.45. Roth Capital downgraded shares of Glu Mobile from a "buy" rating to a "neutral" rating in a research report on Monday, October 8th. Zacks Investment Research's EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Glu Mobile.

Many times, however, an earnings report could contain a surprise that really affects a stock stock price. The EPS estimate for next year as estimated by analysts is at 0.35 while EPS for next quarter is estimated at 0.07. For this quarter, Wall Street analysts forecast revenue in a range of $93 million to $99.3 million, which should be compared with $85.35 million generated past year. The company was able to keep return on investment at -81.60% in the last twelve months. The previous EPS surprise percentage was -100% and the actual EPS used in the surprise was $0.00999. GLUU recorded change of 16.71% and recent share price is observed at $8.1. A rating of 3 would signify a consensus Hold recommendation.

A month ago, 2 analysts thought this stock was a BUY, 3 of them posted an OUTPERFORM rating, 1 analysts recommended to HOLD this stock, 0 of them provided an underperform rating and 0 rated it as a Sell. This rating scale created between 1 and 5. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement.

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The analysis of stock closing price and mean price of some specific trading days shows the price movement whether it is bullish or bearish and up or down trend. Forward P/E is standing at 23.28. The stock traded with the volume of 2.91 Million shares yesterday. The market capitalization of the corporation settled $973.27M whereas it's P/B Ratio was 5.93.

Start focusing on ordinary profitability ratio which covers margins; GLUU has a profit margin of -18.90%. The shares were sold at an average price of $6.46, for a total transaction of $161,500.00. A profitability ratio is an estimate of profitability, which is a way to measure a company's performance. The shares were sold at an average price of $7.01, for a total transaction of $626,063.10. Following the transaction, the insider now directly owns 766,669 shares in the company, valued at approximately $5,374,349.69. The disclosure for this sale can be found here. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering.

Several hedge funds have recently modified their holdings of the company. California Public Employees Retirement System lifted its position in Glu Mobile by 1.1% in the 1st quarter.

Antares Pharma, Inc. (ATRS) climbed 3.44% and its total traded volume was 2.4 million shares contrast to the average volume of 1.83 million shares. NY now owns 36,187 shares of the company's stock valued at $232,000 after buying an additional 10,832 shares during the period. JPMorgan Chase & Co. grew its position in Glu Mobile by 14,199.2% in the third quarter.

Trading volume, or volume, is the number of shares or contracts that point towards the full activity of a security or stock market for a given period. Now 2.40% of shares owned by company management. Wells Fargo & Company MN now owns 171,138 shares of the company's stock valued at $645,000 after buying an additional 19,276 shares during the period. EAM Investors LLC bought a new position in Glu Mobile in the second quarter valued at $4,262,000. Artemis Investment Management Llp is the largest single holder among mutual funds with ownership of over 4.51M GLUU shares as of June 30, with a market value of approx. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.16 and a quick ratio of 1.16. The firm publishes titles in five genres, including fashion and celebrity, sports and action, food, home, and social it has negative earnings.

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