Glu Mobile Inc (GLUU)
$5.66 0.02 (0.35%)
19:47 EST GLUU Stock Quote Delayed 15 Minutes
Previous Close $5.66
Market Cap 790.48M
PE Ratio -9.43
Volume (Avg. Vol.) 1.93M
Day's Range 5.66 - 5.86
52-Week Range 4.11 - 11.75
Dividend & Yield N/A (N/A)
GLUU Stock Predictions, Articles, and Glu Mobile Inc News
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Glu Mobile (GLUU) reported its quarterly earnings results after the bell today, bringing in sales that gained more than 15%, lifting shares.
GLUU stock has moved higher on its user base and financials, but the GLUU's future will continue to hinge on keeping gamers on the platform.
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The quarterly report changes none of the fundamentals for GLUU stock, but with its dependence on just a few games, GLUU remains risky.
Glu Mobile earnings (GLUU) came in at three cents per share on an adjusted basis, missing expectations and sending GLUU stock sinking Monday.
GLUU stock has come very far, very fast, but underlying trends in the mobile video game market remain unfavorable.
GLUU stock has already doubled recently. To keep rising, it will have to build on the recent momentum - simply turning a marginal operating profit isn't enough to support the $6 share price.
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GLUU stock has seen a massive move higher, but for GLUU stock to keep going up it will need to level up on R&D to find new hit games.
GLUU stock has a much-anticipated Q1 earnings report ahead, but the results aren’t what drives sentiment for this company.
Glu Mobile is facing secular declines in mobile gaming, meaning more sideways trading. GLUU stock is going anywhere anytime soon.
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