Is fuboTV Inc. (FUBO) Price Targeted To Increase?

As of Thursday close, fuboTV Inc.’s (NYSE:FUBO) stock was up $0.16, moving up 5.93 percent to $2.86. The average number of shares traded per day over the past five days has been 13,461,680 shares. 4 times new highs have been achieved over the past 5 days, with a $0.07 gain in that time frame. In the last twenty days, the average volume was 11,799,940, while in the previous 50 days, it was 14,043,972.

Since last month, FUBO stock retreated -11.46%. Shares of the company fell to $2.49 on 06/16/22, the lowest level in the past month. A 52-week high of $35.10 was reached on 01/03/22 after having rallying from a 52-week low of $2.49. Since the beginning of this year, FUBO’s stock price has dropped by -81.57% or -$12.66, and marked a new high 1 time. However, the stock has declined by -91.85% since its 52-week high.

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fuboTV Inc. (FUBO) last reported insider trading activity 46 days ago on May 09. Janedis John, the Chief Financial Officer of the company, purchased of 7,000 shares for $2.94 on May 09. It resulted in a $20,580 investment by the insider. Gandler David added 46,000 shares at an average price of $2.98 on May 09. The insider now owns 1,322,564 shares following the transaction. On Mar 29, Chief Growth Officer Horihuela Alberto sold 161,454 shares at $7.56 apiece. The transaction was valued at $1,220,899.

Valuation Metrics

The stock’s beta is 3.59. Besides these, the trailing price-to-sales (P/S) ratio of 0.63, the price-to-book (PB) ratio of 0.65.

Financial Health

In the three months ended March 30, fuboTV Inc.’s quick ratio stood at 1.60, while its current ratio was 1.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.56, and the total debt-to-equity ratio was 0.57. In the year ended March 30, operating margins totaled -56.50%. Based on annual data, FUBO earned -$10.45 million in gross profit and brought in $638.35 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -35.50%. Return on equity (ROE) for the past 12 months was -69.90%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. FUBO’s revenue rose 50.53% to $231.06 million during the quarter, while net income inched up to $242.02 million. While analysts expected fuboTV Inc. to report -$0.69 quarterly earnings, the actual figure was -$0.89 per share, beating the consensus estimate by -29.00%. During the quarter, the company generated -$121.41 million in EBITDA. The liabilities of fuboTV Inc. were 769.24 million at the end of its most recent quarter ended March 30, and its total debt was $444.43 million. The value of shareholders’ equity is $185.08 million.

Technical Picture

This quick technical analysis looks at fuboTV Inc.’s (FUBO) price momentum. With a historical volatility rate of 95.85%, the RSI 9-day stood at 45.71% on 23 June.

With respect to its five-day moving average, the current fuboTV Inc. price is up by +2.51% percent or $0.07. At present, FUBO shares trade -4.35% below its 20-day simple moving average and -70.93% percent below its 100-day simple moving average. However, the stock is currently trading approximately -51.19% below its SMA50 and -90.33% below its SMA200.

Stochastic coefficient K was 24.44% and Stochastic coefficient D was 23.99%, while ATR was 0.28. Given the Stochastic reading of 35.92% for the 14-day period, the RSI (14) reading has been calculated as 42.44%.

Analyst Ratings

fuboTV Inc. downgraded its rating on fuboTV Inc. (NYSE: FUBO) to a Neutral in a note to investors on May 06, 2022. The analysts firm previously had a Buy rating on the stock.


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