fuboTV Inc. (NYSE:FUBO) saw an upside of 1.92% to close Tuesday at $2.65 after adding $0.05 on the day. The 5-day average trading volume is 33,942,238 shares of the company’s common stock. It has gained $3.87 in the past week and touched a new high 3 times within the past 5 days. An average of 23,815,375 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 16,904,014.
FUBO’s 1-month performance is 4.74% or $0.48 on its low of $2.14 reached on 07/10/23. The company’s shares have touched a 52-week low of $0.96 and high of $8.14, with the stock’s rally to the 52-week high happening on 08/04/23. YTD, FUBO has achieved 52.30% or $0.91 and has reached a new high 17 times. However, the current price is down -67.44% from the 52-week high price.
Insider Transactions
FUBO stock investors last saw insider trading activity on Mar 24.Horihuela Alberto (Chief Growth Officer) most recently sold 78,564 shares at $1.11 per share on Mar 24. This transaction cost the insider $87,206. Chief Growth Officer, Horihuela Alberto, sold 61,237 shares at a price of $2.74 on Nov 25.
Valuation Metrics
FUBO stock has a beta of 2.45. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.72 while the price-to-book (PB) in the most recent quarter is 1.33.
fuboTV Inc.’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 1.10. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.88, while the total debt to equity was 0.90. The trailing 12-month EBITDA margin is -36.88% while for the period ending June 29, fuboTV Inc.’s operating margin was -36.60%. The firm’s gross profit as reported stood at -$41.1 million against revenue of $1.01 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -132.52% to -$49.94 million, while revenue of -$83.61 million was -67.42% off the previous quarter. Analysts expected FUBO to announce -$0.31 per share in earnings in its latest quarter, but it posted -$0.19, representing a 38.70% surprise. EBITDA for the quarter stood at more than -$42.27 million. FUBO stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 830.14 million, with total debt at $446.56 million. Shareholders hold equity totaling $292.58 million.
Let’s look briefly at fuboTV Inc. (FUBO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 44.09% to suggest the stock is trending Neutral, with historical volatility in this time period at 163.81%.
The stock’s 5-day moving average is $2.96, reflecting a -19.94% or -$0.66 change from its current price. FUBO is currently trading +1.53% above its 20-day SMA, +119.01% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +66.67% and SMA200 by-30.81%.
Stochastic %K and %D was 28.89% and 48.36% and the average true range (ATR) pointed at 0.39. The RSI (14) points at 48.89%, while the 14-day stochastic is at 18.67% with the period’s ATR at 0.35. The stock’s 9-day MACD Oscillator is pointing at -0.17 and -0.05 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for fuboTV Inc. (NYSE: FUBO), Evercore ISI downgraded it to an In-line rating. They previously had an Outperform rating on the stock. Analysts offering their rating for FUBO stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate FUBO as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is FUBO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.00 and a high of $5.00, with their median price target at $3.00. Looking at these predictions, the average price target given by analysts is for fuboTV Inc. (FUBO) stock is $3.60.
