New WWE Mobile Game in Development by Glu Mobile Inc
- Author: Zachary Reyes Jun 21, 2017,
Jun 21, 2017, 22:32
The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Glu Mobile, Inc. (GLUU) 52 week low value is at $1.73 and its current distance from 52 week low value is 42.77%. (NASDAQ:GLUU) have received a consensus rating of "Hold" from the nine analysts that are now covering the firm, MarketBeat.com reports.
During the trading day, the stock price fluctuated between $2.53 and $2.67. The company's Market capitalization reached to $62.84 billion, $27.39 million outstanding shares.
Looking about the past performance history, the company jumped 0.80% for the last five trades and exhausted -2.32% in one month period. They expect $-0.07 EPS, down 16.67% or $0.01 from last year's $-0.06 per share. Glu Mobile had a negative net margin of 50.11% and a negative return on equity of 36.94%.
Glu Mobile Inc (NASDAQ:GLUU) has average revenue estimates of $72.06 Million, compared to low analyst estimates of $71 Million and high estimates of $73 Million for the current quarter. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. Glu Mobile's revenue for the quarter was up 4.2% compared to the same quarter a year ago.
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Shares of Glu Mobile Inc. Wedbush maintained the shares of GLUU in report on Friday, July 29 with "Neutral" rating. Three analysts have provided estimates for Glu Mobile's earnings, with the lowest EPS estimate coming in at ($0.16) and the highest estimate coming in at ($0.12).
Zacks offers analysts with an Average Broker Rating (or ABR), basing it on sell-side recommendations. Cowen and Company reaffirmed an "outperform" rating and set a $3.00 target price on shares of Glu Mobile in a research note on Thursday, May 4th. The Stock now has a Weekly Volatility of 2.89% and Monthly Volatility of 3.42%. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". For the current year the company's revenue estimates are $286.01 Million compared to low analyst estimates of $279 Million and high estimates of $289.3 Million according to 7 number of analysts.
A number of institutional investors have recently added to or reduced their stakes in the company.
Now the shares of Merrimack Pharmaceuticals, Inc. EPS breaks down the profitability of the company on a single share basis. Raging Capital Management LLC increased its position in Glu Mobile by 8.6% in the fourth quarter. Creative Planning now owns 49,901 shares of the company's stock valued at $113,000 after buying an additional 901 shares during the last quarter. Now being developed by the same studio as Glu's largest sports franchise, Tap Sports Baseball, Glu's WWE title will include simple, one-touch gameplay mechanics with deep meta game features.
Market Capitalization can be thought of as the overall price to buy the company. Currently Glu Mobile, Inc.
02/06/2017 - Glu Mobile Inc. was upgraded to " by analysts at Roth Capital. For our stock under consideration here, Glu Mobile, Inc.