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Feb 10, 2021

Electronic Arts (EA, $146.11) will buy Glu Mobile for $2.4 billion

Video game company Electronic Arts  said it is acquiring Glu Mobile   for $12.50 a share in cash, or $2.4 billion. The deal is expected to expand the company’s mobile-games business.

If the deal is completed, the combined companies will have a portfolio including more than 15 live services with a combined $1.32 billion in bookings over the past 12 months, EA said. 

The combined organization will “build on EA’s network of 430 million players, including more than 100 million monthly active players in mobile,” EA said.

Glu is known for its Covet Fashion, Deer Hunter, MLB Tap Sports Baseball, and  Kim Kardashian: Hollywood games.

 The deal is expected to close in the second quarter, conditional on regulatory clearances and a vote of Glu holders.

"Our acquisition of Glu combines amazing teams and deeply engaging products to create a mobile games leader with proven expertise across many fast-growing genres," Andrew Wilson, chief executive of Electronic Arts, said in a statement.

 

 

 

Related Ticker: EA

EA's RSI Indicator recovers from oversold territory

The RSI Oscillator for EA moved out of oversold territory on March 27, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 27 similar instances when the indicator left oversold territory. In of the 27 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 54 cases where EA's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EA advanced for three days, in of 329 cases, the price rose further within the following month. The odds of a continued upward trend are .

EA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on February 29, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on EA as a result. In of 98 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for EA turned negative on February 28, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 55 similar instances when the indicator turned negative. In of the 55 cases the stock turned lower in the days that followed. This puts the odds of success at .

EA moved below its 50-day moving average on March 05, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for EA crossed bearishly below the 50-day moving average on March 11, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where EA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for EA entered a downward trend on March 28, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. EA’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.679) is normal, around the industry mean (28.767). P/E Ratio (33.217) is within average values for comparable stocks, (148.690). Projected Growth (PEG Ratio) (1.292) is also within normal values, averaging (2.798). Dividend Yield (0.006) settles around the average of (0.085) among similar stocks. P/S Ratio (4.697) is also within normal values, averaging (77.911).

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), Uber Technologies (NYSE:UBER), SERVICENOW (NYSE:NOW), Shopify (NYSE:SHOP), Palo Alto Networks (NASDAQ:PANW), CrowdStrike Holdings (NASDAQ:CRWD).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 10.48B. The market cap for tickers in the group ranges from 291 to 3.13T. MSFT holds the highest valuation in this group at 3.13T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was -0%. For the same Industry, the average monthly price growth was 3%, and the average quarterly price growth was 11%. AECX experienced the highest price growth at 137%, while ETAO experienced the biggest fall at -96%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was -53%. For the same stocks of the Industry, the average monthly volume growth was -67% and the average quarterly volume growth was -30%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 77
Price Growth Rating: 50
SMR Rating: 83
Profit Risk Rating: 88
Seasonality Score: 2 (-100 ... +100)
Related Portfolios: THE GAMING INDUSTRY
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A.I.Advisor
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A.I. Advisor
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General Information

a publisher of game software content and services

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Recreational Products
Address
209 Redwood Shores Parkway
Phone
+1 650 628-1500
Employees
13400
Web
https://www.ea.com
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