Right now is not the best time to invest in Glu Mobile (GLUU)
Glu Mobile (GLUU) currently trades at $5.78 and has fallen by 5.87% today. The firm points to underwhelming data from the launch of Disney Sorcerer’s Arena, as well as the fact that a delayed Major League Baseball Season isn’t boding well for the start of Tap Sports Baseball this year. Analyst Jeff Cohen has cut his price target to $4 from $5.50, implying a 35% downside.
Based on this information, investorsQ rates this stock 4 out of 10. We give it this rating based on current information written in this article. The high forecast for Glu Mobile is $9.00 and the low is $5.50. Notably, the company’s market cap is $867.18 million with a 52 week high of $11.64 and a 52 week low of $3.98. GLUU went down $0.37 from the previous closing price of $6.14. GLUU has changed in price by -5.69 per share in the last 12 months.
Glu Mobile is a leading creator of mobile games. Founded in 2001, Glu is headquartered in San Francisco with Bay Area studios in Burlingame and San Mateo, and international locations in Toronto and Hyderabad. With a history spanning over a decade, Glu’s culture is rooted in taking smart risks and fostering creativity to deliver world-class interactive experiences for our players. Glu’s diverse portfolio features top-grossing and award-winning original and licensed IP titles including, Cooking DASH, Covet Fashion, Deer Hunter, Design Home, MLB Tap Sports Baseball and Kim Kardashian: Hollywood available worldwide on various platforms including the App Store and Google Play.