Time for Investors to Take the Plunge on Glu Mobile, Inc. (NASDAQ:GLUU)

Equity Research firms currently have a positive stance on shares of Glu Mobile, Inc. (NASDAQ:GLUU). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.40. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $2.83 on a short term basis.

At the time of writing, the stock was trading at $2.19. This represents a change from the opening price of -1.79%. In terms of performance, year to date, the stock is -9.05%. The monthly stock performance comes in at -3.91%. For the quarter, shares are performing at -3.07%. Weekly performance analysis shows the equity at 0.91%.

In taking a look at technical levels, shares are trading -3.24% away from the 50 day simple moving average and -14.39% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -50.79% away from it’s 52- week high and 10.61% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Glu Mobile, Inc.’s RSI stands at 44.73. In looking at volatility levels, the shares saw weekly volatility of 3.40% and 3.30% over the past month.

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