Short Term Rating on Glu Mobile (GLUU)

Glu Mobile (GLUU) : Zacks Investment Research ranks Glu Mobile (GLUU) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 1.5, which indicates as a Strong Buy.

Glu Mobile (GLUU) : The consensus price target for Glu Mobile (GLUU) is $3.32 for the short term with a standard deviation of $0.61. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $4, however, the pessimist price target for the company is $3.

For the current week, the company shares have a recommendation consensus of Buy.


Glu Mobile (NASDAQ:GLUU): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.44 and $2.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.49, notching a gain of 2.47% for the day. The total traded volume was 1,294,711 . The stock had closed at $2.43 on the previous day.

Glu Mobile Inc. develops, publishes and markets a portfolio of games. The Company offers games to a cross section of users of smartphones and tablet devices who download and make purchases within its games through direct-to-consumer digital storefronts, such as the Apple App Store, Google Play Store and Amazon Appstore, among others. The Company creates games based on its own brands, including Blood & Glory, Contract Killer, Deer Hunter, Diner Dash, Eternity Warriors, Frontline Commando, Gun Bros and Heroes of Destiny. The Company also creates games based on third-party licensed brands, including Kim Kardashian: Hollywood, Robocop: The Official Game, and Hercules: The Official Game, as well as its own branded games that incorporate third-party licensed brands, properties and other content, such as Racing Rivals and Tap Sports: Baseball. It released around 16 free-to-play games. It has around eight global studios that create and develop its games.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.