Buying fuboTV Inc. (FUBO) Stock Is A Smart Move Today?

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fuboTV Inc. (NYSE:FUBO) finished Thursday with a subtraction of -$0.45 to close at $3.92, a downside of -10.30 percent. An average of 10,645,561 shares of common stock have been traded in the last five days. There was a fall of -$1.09 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 12,951,470 shares traded, while the 50-day average volume stands at 18,017,848.

FUBO stock has decreased by -1.26% in the last month. The company shares reached their 1-month lowest point of $3.26 on 09/06/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $2.32 and a high of $35.10 in 52 weeks. It has reached a new high 1 time so far this year and lost -74.74% or -$11.60 in price. In spite of this, the price is down -88.83% from the 52-week high.


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Insider Transactions

178 days have passed since fuboTV Inc. (FUBO) last reported insider trading activity. Horihuela Alberto, who is Chief Growth Officer, most recently acquired $161,454 shares at $7.56 per share on Mar 29. In this transaction, the insider spent $1,220,899. Chief Growth Officer, Horihuela Alberto, disposed of 1 shares at a price of $35.08 on Nov 04. The insider now owns more than $35 worth of shares. Prior to that, Chief Executive Officer Gandler David went on to Sale 50,000 shares at $34.46 each on Nov 03. An amount of $1,723,000 was transacted.

Valuation Metrics

fuboTV Inc. (FUBO) stock’s beta is 3.26. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.96, the price-to-book (PB) ratio at 1.19.

Financial Health

The quick ratio of fuboTV Inc. for the three months ended June 29 was 1.40, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.64 and a total debt to equity ratio of 0.65 for the quarter ending June 29. Its gross profit as reported stood at -$10.45 million compared to revenue of $638.35 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, fuboTV Inc.’s return on assets was -35.50%.

Earnings Surprise

For the three-month period that ended June 29, fuboTV Inc. had $100.0 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$116.12 million in the quarter, while revenues were grew 18.26%. The analyst consensus anticipated fuboTV Inc.’s latest quarter earnings to come in at -$0.71 per share, but it turned out to be -$0.63, a 11.30% surprise. For the quarter, EBITDA amounted to -$101.18 million. Shareholders own equity worth $185.3 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at fuboTV Inc. (FUBO) price momentum. RSI 9-day as of the close on 22 September was 42.54%, suggesting the stock is Neutral, with historical volatility in this time frame at 126.80%.

As of today, FUBO’s price is $4.36 -21.76% or -$1.09 from its 5-day moving average. FUBO is currently trading -2.00% lower than its 20-day SMA and +3.43% higher than its 100-day SMA. However, the stock’s current price level is +52.53% above the SMA50 and -77.42% below the SMA200.

The stochastic %K and %D were 47.47% and 57.30%, respectively, and the average true range (ATR) was 0.49. With the 14-day stochastic at 33.33% and the average true range at 0.49, the RSI (14) stands at 47.04%. The stock has reached -0.40 on the 9-day MACD Oscillator while the 14-day reading was at -0.11.

Analyst Ratings

Wedbush downgraded fuboTV Inc. (NYSE: FUBO) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Outperform.

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