Glu Mobile Inc. (NASDAQ:GLUU) has a beta value of 0.84 and has seen 1,417,798 shares traded in the recent trading session. The company, currently valued at $1.5 Billion, closed the recent trade at $9.87 per share which meant it gained $0.1 on the day or 1.23% during that session. The GLUU stock price is -9.93% off its 52-week high price of $10.85 and 59.68% above the 52-week low of $3.98. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.17 Million shares traded. The 3-month trading volume is 4.35 Million shares.
The consensus among analysts is that Glu Mobile Inc. (GLUU) is an Overweight stock at the moment, with a recommendation rating of 2.1. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 12 have rated it as a Hold, with 10 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.08.
Glu Mobile Inc. (NASDAQ:GLUU) trade information
Sporting 0.92% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Jul 13 when the GLUU stock price touched $10.85- or saw a rise of 8.7%. Year-to-date, Glu Mobile Inc. shares have moved 63.72%, while the 5-day performance has seen it change 3.93%. Over the past 30 days, the shares of Glu Mobile Inc. (NASDAQ:GLUU) have changed 17.22%. Short interest in the company has seen 11.32 Million shares shorted with days to cover at 2.6.
Wall Street analysts have a consensus price target for the stock at $10.71, which means that the shares’ value could jump 8.51% from current levels. The projected low price target is $6 while the price target rests at a high of $13. In that case, then, we find that the current price level is +31.71% off the targeted high while a plunge would see the stock lose -39.21% from current levels.
Glu Mobile Inc. (GLUU) estimates and forecasts
Figures show that Glu Mobile Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +74.33% over the past 6 months, with this year growth rate of 100%, compared to -10.6% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 33.3% and 85.7% for the next quarter. Revenue growth from the last financial year stood is estimated to be +24.6%.
11 analysts offering their estimates for the company have set an average revenue estimate of $164.08 Million for the current quarter. 11 have an estimated revenue figure of $128.2 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $101.9 Million and $120.4 Million respectively for this quarter and the next, and analysts expect sales will grow by 61% for the current quarter and 6.5% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -7.7% over the past 5 years. Earnings growth for 2020 is a modest +160.4% while over the next 5 years, the company’s earnings are expected to increase by 15%.
Glu Mobile Inc. (NASDAQ:GLUU)’s Major holders
Insiders own 15.53% of the company shares, while shares held by institutions stand at 72.29% with a share float percentage of 85.58%. Investors are also buoyed by the number of investors in a company, with Glu Mobile Inc. having a total of 265 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 16.65 Million shares worth more than $104.73 Million. As of March 30, 2020, Blackrock Inc. held 10.98% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 10.93 Million shares as of March 30, 2020. The firm’s total holdings are worth over $68.74 Million and represent 7.21% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. As of April 29, 2020, the former fund manager holds about 4.61% shares in the company for having 6993839 shares of worth $54.55 Million while later fund manager owns 3.65 Million shares of worth $22.99 Million as of March 30, 2020, which makes it owner of about 2.41% of company’s outstanding stock.