|Bid||7.35 x 800|
|Ask||7.36 x 800|
|Day's Range||7.30 - 7.41|
|52 Week Range||5.08 - 11.75|
|Beta (3Y Monthly)||0.81|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.34|
Glu Mobile Inc. , a leading developer and publisher of mobile games, today announced that it will report its financial results for the second quarter ended June 30, 2019 after the U.S.
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...
New products and strategic partnerships, major theatrical releases along with an increased focus on gaming bode well for Hasbro (HAS).
Today we've highlighted five stocks that are currently trading for under $10 per share. All of these stocks also sport a Zacks Rank 2 (Buy) or better, and are showing signs of outpacing the market.
Electronic Arts (NASDAQ:EA) shares have done little since news of the initial success of its battle royale game, Apex Legends, back in February. At that point, it traded at around $97 per share. Today, the EA stock price sits at a little over $101 a pop.Source: Electronic ArtsThe company continues to release new games, the success of which could send EA higher. Still, unless one knows this industry well beyond the financials, I see only difficulty in profiting from Electronic Arts stock. EA Stock Back to Its Rangebound WaysEA stock also has shown a long history of rangebound trading. It settled in a range between 2003 and 2008 and again from 2009 to 2012. Yes, EA has risen by nearly ten-fold from the lows of 2012. Still, the equity first reached the $100-per-share range more than two years ago. Since then, it has seen no net gain.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe financials offer little incentive to break the pattern. Analysts expect earnings 7.1% higher this year and 12.3% the next. Even with a forward price-earnings ratio of around 19.5, EA offers little reason to buy or sell based on metrics. It also makes the rangebound patterns of EA stock over the last four months understandable. Only Gamers Should Play EA StockHowever, I don't just have an issue with Electronic Arts stock. Its peers, such as Activision Blizzard (NASDAQ:ATVI) and Take-Two Interactive (NASDAQ:TTWO) also worry me. Yes, traders need to closely follow the metrics of EA stock. However, predicting its next move involves understanding both the games and the electronic-gaming industry at large. * The 7 Top Small-Cap Stocks Of 2019 A successful game could change the game (pardon the pun) for EA. The company may get another crack at Apex Legends-driven euphoria when it releases Apex Legends enters its Season 2 in early July. It could also receive a boost from new releases of Madden NFL or FIFA soccer franchises. My colleague Luke Lango predicts $110 per share for Electronic Arts stock if a game release succeeds.His prediction could easily prove correct. The problem is that $110 takes the EA stock price to the top of the recently established range. What EA truly needs is the catalyst that will bring it above that level.Longer term, Electronic Arts stock also needs an impetus that will take it past last year's record high of $151.26 per share. Traders Should Know More than Just Console GamesKnowing that means understanding the games. More importantly, the rise of device-based games from companies such as Zynga (NASDAQ:ZNGA) and Glu Mobile (NASDAQ:GLUU) brings more competition from PC or console-based games. Furthermore, companies such as Tencent (OTCMKTS:TCEHY) prove the industry faces additional threats from China.I have not owned a gaming console for years. Plus, more than a decade has passed since I last played my old favorite, Madden NFL. Consequently, I no longer possess any intuitive understanding of games.Also, the EA stock price trading in the middle of its range, it does not interest me. However, investors that know the games and can quickly assess whether a given release will resonate with consumers could see opportunity at these levels. The Bottom Line on EA StockEA stock investors have to understand not only financials and stock patterns, but electronic gaming itself. Like many points in its history, EA has again established a pattern of rangebound trading. The equity now trades in the middle of its range. Hence, barring a range-breaking event, investors have as much to gain as they have to lose right now.However, an understanding of such events changes the buy proposition. Investors with more intimate gaming-industry knowledge possess a better understanding of the releases that will resonate, both with them and consumers. As a result, knowing the games places a trader in a better position to know when EA stock could surge.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Top Small-Cap Stocks Of 2019 * Critical Levels to Watch in 7 Marijuana Stocks * 5 Smaller Cloud Stocks That Have Plenty of Potential Compare Brokers The post Only This Type of Investor Should Try to Game EA Stock appeared first on InvestorPlace.
Video games have evolved into a multi-billion-dollar industry supported by advancements in technology, high-speed connectivity, and customized gadgets.
JAKKS Pacific (JAKK) is grappling with declining demand and sales. A challenging retail environment for toys, cost issues and increasing competition remain potential headwinds.
Glu Mobile Inc. (GLUU), a leading developer and publisher of mobile games, today announced the worldwide availability of Diner DASH Adventures on the App Store and on Google Play. Featuring a whimsical storyline, a quirky cast of characters and mischievous villains to thwart along the way – Diner DASH Adventures lets players flex their sense of adventure through renovating and customizing all-new venues in exciting and creative ways. Combining reimagined Diner DASH, Hotel DASH and Cooking DASH gameplay – Diner DASH Adventures follows the heartwarming story of heroine Flo as she returns to her hometown to help the citizens of DinerTown.
Before we spend days researching a stock idea we'd like to take a look at how hedge funds and billionaire investors recently traded that stock. S&P 500 Index ETF (SPY) lost 2.6% in the first two months of the second quarter. Ten out of 11 industry groups in the S&P 500 Index lost value in […]
Take Two's (TTWO) robust slate of releases that includes Borderlands 3, Ancestors: The Humankind Odyssey and The Outer Worlds are expected to drive net bookings in fiscal 2020.
Nick Earl became the CEO of Glu Mobile Inc. (NASDAQ:GLUU) in 2016. This report will, first, examine the CEO...
Electronic Arts (EA) is benefiting from an expanding portfolio, driven by partnerships with independent game studios like Velan, Zoink Games, Glowmade and Hazelight.
MasTec, Toll, Franklin Financial, Adesto, Glu and Vipshop highlighted as Zacks Bull and Bear of the Day
A subsidiary of Chinese gaming giant Tencent Holdings has dashed out from its investment in a publisher of mobile videogames with a bundle of cash.
The 24th Electronic Entertainment Expo (E3) kicks off June 11 in Los Angeles, but the news is already flowing this weekend, with many gaming companies showcasing their biggest announcements and presentations. ...
Today we've highlighted three stocks that fall into the broad "technology" sector. Each of these three stocks is currently trading for less than $10 a share and holds a Zacks Rank 1 (Strong Buy) or 2 (Buy) at the moment.
advanced 3.1% to $7.27 after a Wedbush analyst upgraded the mobile game publisher to outperform from neutral with a $9 price target. Analyst Michael Patcher said in a note to investors that "we see multiple potential positive catalysts in 2019 and 2020" for the San Francisco-based company. Glu Mobile publishes titles primarily in four genres, including home decor, sports and action, fashion and celebrity, and time management.