Home Analyst Ratings Glu Mobile gets a downgrade to Neutral from Goldman Sachs

Glu Mobile [GLUU] gets a downgrade to Neutral from Goldman Sachs

Goldman Sachs took its Glu Mobile [GLUU] rating to the equivalent of Neutral from Buy, and the price target to $10.4, in a research note dated 2021-01-25. That figure represents around a 4.84% premium from where the company’s shares closed on Friday. Some new analysts also started their coverage, with UBS’s analysts assigning the shares to “a Buy” rating in a research note to investors issued in early June. Meanwhile, Morgan Stanley had lowered its rating on GLUU to “an Equal-weight” from the earlier “an Overweight”, in a research note produced for clients on May 11, 2020. In addition, there was no change from The Benchmark Company on May 08, 2020. The rater maintained GLUU to “a Buy” but assigned new target price of $11.

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<h2>Is Glu Mobile Inc. [NASDAQ: GLUU] a Good Buy Right Now?</h2>It should be noted that GLUU technical indicators for short, intermediate as well as long term progress have placed an overall average of 64% as Buy. The average signal changed from 72% Buy in the last week and compares with 88% Buy in the past month. Data from Glu Mobile Inc.’s Trend Spotter indicated that the signals were Bearish. The stock current average is 2.94 million shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 3.1 million shares while the medium-term average advocated for 100% Buy. The average long-term signal stands at 50% Buy and the 100-day average volume stands at 3.68 million shares.

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<h3>GLUU Price Performance</h3>On Wall Street, Glu Mobile Inc. [NASDAQ:GLUU] finished Friday’s session up 3.12% at $9.92. The stock went up to $9.93 at the same session while its lowest single-day price was $9.58. In the last five days, it saw a rise of about 4.75%, Glu Mobile Inc. shares gained by almost 10.10% since the beginning of the year. However, the share price has dropped to as low as -8.56% below its one year high. On 01/22/21, the company shares recorded $9.93, the highest single-day price it has got to in the last 52-weeks, and a 52-week low was seen on 01/12/21, the same year at $8.52. The company’s shares have inclined by 56.47% in the past year. The 50-day SMA achieved is $9.29 while the 200-day SMA is $8.62. Volume gained to 2.65 million from 2.5 million in the previous session.

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