08 August, 2017
Glu Mobile Inc. (NASDAQ:GLUU) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges.
Glu Mobile (NASDAQ:GLUU) last posted its earnings results on Wednesday, May 3rd. The brokerage now has a "buy" rating on the technology company's stock.
Several other brokerages also recently issued reports on GLUU. Looking out over the past year, company shares have been recorded -1.57% off the 52 week high and 80.92% away from the low over the same period.Covering sell-side analysts have recently weighed in on shares of Glu Mobile Inc. (NASDAQ:GLUU) has "Buy" rating given on Monday, July 10 by Stifel Nicolaus. BidaskClub raised Glu Mobile from a "buy" rating to a "strong-buy" rating in a report on Monday, July 24th.
VIVUS, Inc. (NASDAQ:VVUS)'s shares may have a significant upside to the consensus target of 2.15, but how has it been performing relative to the market?
Shares of the company are trading at $3.06 just a bit higher than the 50 day moving average which is $2.60 and just above the 200 day moving average of $2.39. Trading was heavy with 5,277K shares changing hands on Friday. Glu Mobile has a one year low of $1.73 and a one year high of $3.18.
In the market the company is trading up by 1.32 percent from yesterday's close.
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. After $0.36 actual earnings per share reported by Monroe Capital Corp for the previous quarter, Wall Street now forecasts 0.00% EPS growth. Return on Equity (ROE) stands at -48.4% and Return on Investment (ROI) of -33.7 percent. The firm had revenue of $56.80 million for the quarter, compared to the consensus estimate of $53.59 million. During the same quarter a year ago, the business posted ($0.03) earnings per share. Analysts expect that Glu Mobile will post ($0.09) EPS for the current year.
COPYRIGHT VIOLATION NOTICE: "Roth Capital Analysts Give Glu Mobile Inc".
Analysts are speculating a 22.55% move, based on the high target price ($3.75) for the shares that is set to reach in the next 12 months. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States and global copyright and trademark legislation. The correct version of this story can be accessed at https://weekherald.com/2017/08/06/ubs-asset-management-americas-inc-raises-position-in-glu-mobile-inc-nasdaqgluu.html.
In related news, insider Masi Niccolo De sold 339,648 shares of the company's stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $2.59, for a total transaction of $879,688.32. Following the sale, the insider now directly owns 537,228 shares in the company, valued at $1,391,420.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Session activity on Intrepid Potash, Inc.(NYSE:IPI) shares bumps the stock on today's most active list. Finally, Goldman Sachs Group Inc. increased its stake in Glu Mobile by 125.4% in the first quarter. Emerald Advisers Inc. PA acquired a new position in shares of Glu Mobile during the second quarter valued at about $141,000. Bank of New York Mellon Corp now owns 491,866 shares of the company's stock worth $1,116,000 after buying an additional 15,866 shares in the last quarter.
Raging Capital Management Llc decreased Trinet Group Inc (NYSE:TNET) stake by 285,807 shares to 303,052 valued at $7.76 million in 2016Q4. Creative Planning boosted its position in Glu Mobile by 1.8% in the first quarter. Creative Planning now owns 49,901 shares of the company's stock worth $113,000 after buying an additional 901 shares during the period. Morgan Stanley now owns 713,836 shares of the company's stock valued at $1,620,000 after buying an additional 205,918 shares during the last quarter. Institutional investors and hedge funds own 30.06% of the company's stock. Amalgamated Bankshares invested 0% of its portfolio in Glu Mobile Inc.
Glu Mobile Inc develops, publishes and markets a portfolio of mobile games.
