The decline in Glu Mobile Inc. (GLUU) stock price is a huge buying opportunity

Glu Mobile Inc. (NASDAQ: GLUU) is -0.22% lower on its value in year-to-date trading and has touched a low of $3.98 and a high of $10.85 in the current 52-week trading range. The GLUU stock was last observed hovering at around $9.25 in the last trading session, with the day’s loss setting it -0.26% off its average median price target of $11.00 for the next 12 months. It is also 36.91% off the consensus price target high of $14.25 offered by 12 analysts, but current levels are 10.1% higher than the price target low of $10.00 for the same period.

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Currently trading at $8.99, the stock is -3.57% and 0.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.34 million and changing -2.81% at the moment leaves the stock 6.22% off its SMA200. GLUU registered 56.35% gain for a year compared to 6-month loss of -13.39%. The firm has a 50-day simple moving average (SMA 50) of $9.44 and a 200-day simple moving average (SMA200) of $8.56.

The stock witnessed a -5.37% gain in the last 1 month and extending the period to 3 months gives it a 15.70%, and is -0.22% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.57% over the week and 4.14% over the month.

Glu Mobile Inc. (GLUU) has around 715 employees, a market worth around $1.59B and $512.00M in sales. Current P/E ratio is 449.50 and Fwd P/E is 17.26. Profit margin for the company is 1.40%. Distance from 52-week low is 125.88% and -17.13% from its 52-week high. The company has generated returns on investments over the last 12 months (3.30%).

Glu Mobile Inc. (GLUU) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Glu Mobile Inc. (GLUU) is a “Buy”. 12 analysts offering their recommendations for the stock have an average rating of 1.90, where 1 rate it as a Hold and 0 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Glu Mobile Inc. is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at $0.12 with sales reaching $124.09M over the same period.The EPS is expected to grow by 160.40% this year, but quarterly earnings will post 31.40% year-over-year. Quarterly sales are estimated to grow 14.50% in year-over-year returns.

Glu Mobile Inc. (GLUU) Top Institutional Holders

315 institutions hold shares in Glu Mobile Inc. (GLUU), with 23.29M shares held by insiders accounting for 13.54% while institutional investors hold 87.66% of the company’s shares. The shares outstanding are 171.25M, and float is at 146.40M with Short Float at 11.83%. Institutions hold 75.79% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 21.12 million shares valued at $162.09 million. The investor’s holdings represent 12.28% of the GLUU Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 10.61 million shares valued at $81.41 million to account for 6.17% of the shares outstanding. The other top investors are State Street Corporation which holds 4.86 million shares representing 2.82% and valued at over $37.29 million, while Alyeska Investment Group, L.P. holds 2.23% of the shares totaling 3.84 million with a market value of $29.46 million.

Glu Mobile Inc. (GLUU) Insider Activity

A total of 52 insider transactions have happened at Glu Mobile Inc. (GLUU) in the last six months, with sales accounting for 25 and purchases happening 27 times. The most recent transaction is an insider sale by Brandeau Greg, the company’s Director. SEC filings show that Brandeau Greg sold 42,000 shares of the company’s common stock on Nov 30 at a price of $10.00 per share for a total of $0.42 million. Following the sale, the insider now owns 25000.0 shares.

Glu Mobile Inc. disclosed in a document filed with the SEC on Nov 27 that de Masi Niccolo (Director) sold a total of 163,467 shares of the company’s common stock. The trade occurred on Nov 27 and was made at $9.96 per share for $1.63 million. Following the transaction, the insider now directly holds 0.5 million shares of the GLUU stock.

Still, SEC filings show that on Nov 19, de Masi Niccolo (Director) disposed off 163,367 shares at an average price of $8.97 for $1.47 million. The insider now directly holds 661,211 shares of Glu Mobile Inc. (GLUU).

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Glu Mobile Inc. (GLUU): Who are the competitors?

The company’s main competitors (and peers) include Activision Blizzard Inc. (ATVI) that is trading 53.86% up over the past 12 months. Apple Inc. (AAPL) is 70.59% up on the 1-year trading charts. Short interest in the company’s stock has fallen -1.91% from the last report on Nov 12, 2020 to stand at a total of 17.64 million short shares sold with a short interest ratio of 5.3.

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