Glu Mobile (GLUU) stock has lost over 21% in May 2019. However, despite the recent pullback, the stock is still up close to 7% in calendar 2019.
The stock is up 58% in the trailing 12 months while it has risen by a compound annual growth rate of 53% in the last three years and] 18% in the last five years. Does Glu Mobile stock have enough steam to rise in 2019 and beyond?
Sign up for Bagels & Stox, our witty take on the top market and investment news, straight to your inbox! Whether you’re a serious investor or just want to be informed, Bagels & Stox will be your favorite email.
Wall Street estimates
Of the six analysts tracking Glu Mobile stock, four have given it “buy” recommendations, two say “hold,” and none say “sell.” The average 12-month target price for Glu Mobile is $11.51, indicating that the stock is trading at a discount of 33% to the consensus estimate.
Glu Mobile stock is oversold
Glu Mobile’s 14-day MACD (moving average convergence divergence) is -1.30. A stock’s MACD is the difference between its short-term and long-term moving averages. The company’s negative MACD indicates a downward trading trend.
Glu Mobile has a 14-day RSI (relative strength index) score of 27, which shows that it’s trading well into oversold territory. An RSI score above 70 indicates that a stock is overbought while an RSI score below 30 indicates that a stock is oversold.
On May 14, Glu Mobile closed the trading day at $8.63. Based on that price, the stock was trading as follows:
- 11% below its 100-day moving average of $9.66
- 17% below its 50-day moving average of $10.43
- 16% below its 20-day moving average of $10.32