fuboTV Inc. (NYSE:FUBO) finished Thursday with a subtraction of -$0.02 to close at $2.08, a downside of -0.95 percent. An average of 10,311,740 shares of common stock have been traded in the last five days. There was a gain of $0.03 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 19,387,385 shares traded, while the 50-day average volume stands at 17,058,529.
FUBO stock has decreased by -19.69% in the last month. The company shares reached their 1-month lowest point of $1.95 on 08/18/23. With the stock rallying to its 52-week high on 08/04/23, shares of the company touched a low of $0.96 and a high of $5.24 in 52 weeks. It has reached a new high 17 times so far this year and achieved 19.54% or $0.34 in price. In spite of this, the price is down -60.31% from the 52-week high.
Insider Transactions
FUBO stock investors should be aware that fuboTV Inc. (FUBO) stock had its last reported insider trading activity 154 days ago on Mar 24. In this transaction, the insider spent $87,206. Chief Growth Officer, Horihuela Alberto, disposed of 61,237 shares at a price of $2.74 on Nov 25. The insider now owns more than $167,789 worth of shares.
Valuation Metrics
fuboTV Inc. (FUBO) stock’s beta is 2.50. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.51, the price-to-book (PB) ratio at 1.44.
Financial Health
The quick ratio of fuboTV Inc. for the three months ended June 29 was 1.00, and the current ratio was 1.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.94 and a total debt to equity ratio of 0.96 for the quarter ending June 29. fuboTV Inc.’s EBITDA margin for the year ending June 29 is -36.88%, while its operating margin for the same period stands at -25.20%. Its gross profit as reported stood at -$41.1 million compared to revenue of $1.01 billion.
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 -34.50%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$49.94 million in the quarter, while revenues of -$83.61 million were shrunk -132.52%. The analyst consensus anticipated fuboTV Inc.’s latest quarter earnings to come in at -$0.31 per share, but it turned out to be -$0.17, a 45.20% surprise. For the quarter, EBITDA amounted to -$42.27 million. Shareholders own equity worth $292.58 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 24 August was 32.52%, suggesting the stock is Neutral, with historical volatility in this time frame at 49.61%.
As of today, FUBO’s price is $2.07 +1.46% or $0.03 from its 5-day moving average. FUBO is currently trading -15.10% lower than its 20-day SMA and +71.90% higher than its 100-day SMA. However, the stock’s current price level is -5.88% below the SMA50 and -38.64% below the SMA200.
The stochastic %K and %D were 7.81% and 6.60%, respectively, and the average true range (ATR) was 0.22. With the 14-day stochastic at 10.40% and the average true range at 0.25, the RSI (14) stands at 38.67%. The stock has reached -0.08 on the 9-day MACD Oscillator while the 14-day reading was at -0.21.
Analyst Ratings
Evercore ISI downgraded fuboTV Inc. (NYSE: FUBO) to a an In-line rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for fuboTV Inc. (FUBO) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell FUBO, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is FUBO’s price target for the next 12 months?
Analysts predict a range of price targets between $3.00 and $5.00, with a median target of $3.00. Taking a look at these predictions, the average price target given by analysts for fuboTV Inc. (FUBO) stock is $3.60.
