Stock To Watch: Glu Mobile Inc. (NASDAQ:GLUU)


The leading market experts have placed a mean price target of $2.76 on Glu Mobile Inc. (NASDAQ:GLUU) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $-0.06 a share for the upcoming quarter and $-0.15 for the current fiscal.

Technical View

The technical analysis of Glu Mobile Inc. plainly substantiates that the 50-day moving average of Glu Mobile Inc. is $2.35, and stock is trading $-0.19 points away or -8.24% from its 50-day moving average of $2.35. Further it is trading $-0.50 or -18.91% away its 200-day moving average of $2.66. Glu Mobile Inc. (NASDAQ:GLUU) 52-week high is $4.96 and the 52-week low is $1.98.

This explains if the stock moves $-2.80, it will post a 52-week high. In event of +9.09% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Glu Mobile Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Glu Mobile Inc. (NASDAQ:GLUU) ratio came in at N/A.

The stock last ended the trading session at $2.16 and registered a market cap of $287.27M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Glu Mobile Inc. (NASDAQ:GLUU) PEG ratio is at -0.96.

1 Chart Pattern Every Investor Should Know

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