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GLUU stock forecast: Avoid Glu Mobile

The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

The Q1 2018 earnings report said Glu Mobile made $81.4 million in revenue, up 43.3% year-over-year.
Unfortunately, I Know First, which has a good history of predicting the one year stock movement of Glu Mobile is still bearish on this company.
This is likely because Glu Mobile again posted a net quarterly loss. This is a big turn-off. Glu Mobile had a big surge in revenue and yet it remains unprofitable.
It is also depressing that Glu Mobile continues to suffer declining number of daily and monthly active users.
Further, Glu Mobile obviously can’t come up with original games anymore. It has lost its mojo. A stagnant-minded management is a turn-off to investors.

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The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

I Know First has bullish algorithmic forecasts for GLUU. Monthly technical indicators and moving averages are also endorsing a buy for GLUU.
I am not yet going to go long GLUU. However, I know why it’s getting positive endorsement from I Know First’s deep neural network.
Tencent’s upcoming U.S. release of its hit Chinese mobile MOBA game could lead to Glu Mobile being the publisher for it for North America and Latin America
Tencent has chosen Netmarble as the publisher of the Korean version, Penta Storm, of Honor of Kings in South Korea.
Garena (partly-owned by Tencent) is likely to become the publisher for South East Asian countries. Glu Mobile is also partly-owned by Tencent.