The stock of fuboTV Inc. (NYSE:FUBO) increased by $0.11 on Monday to finish at $2.28, up 5.07 percent. The last five days have seen an average of 10,052,640 shares of common stock traded. 17 times new highs were reached in the current year, with a gain of $0.54. The average number of shares traded over the last 20 days was 17,846,426, while the average volume over the last 50 days totaled 16,808,637.
FUBO stock dropped -18.86% since last month. On 08/18/23, the company’s shares reached a one-month low of $1.95. The stock touched a high of $5.24 on 08/04/23, after rallying from a low of $0.96 in 52 weeks. The price of FUBO stock has risen by 31.03% or $0.54 this year, reaching a new high 17 times. Still, the stock price is down -56.49% 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 158 days ago on Mar 24. On Mar 24, Chief Growth Officer Horihuela Alberto sold 78,564 shares at $1.11 each. This transaction resulted in the insider making $87,206. On Mar 22, Janedis John added 8,000 shares at a price of US$1.22. After the transaction, the insider now owns 18,000 shares. Chief Growth Officer Horihuela Alberto had earlier sold 61,237 shares on Nov 25 for $2.74 a share. The transaction was completed for $167,789.
Valuation Metrics
Beta for the stock is 2.50. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.54, the price-to-book (PB) ratio of 1.58.
Financial Health
For the three months ended June 29, fuboTV Inc.’s quick ratio was 1.00, while its current ratio was 1.00, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.94, and the total debt to equity ratio is 0.96. fuboTV Inc.’s EBITDA margin for the year ended June 29 was -36.88%, whereas its operating margin stood at -25.20% for the same period. Based on annual data, it had gross profit of -$41.1 million and revenue of $1.01 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. FUBO’s return on assets (ROA) during the last 12 months has been -34.50%. There was a -50.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -99.80%.
Earnings Surprise
According to fuboTV Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $312.74 million, while revenues rose by 29.05% to $324.37 million. It was predicted that fuboTV Inc.’s quarterly earnings would be -$0.17, but it ended up being -$0.31, beating the consensus by 45.20%. EBITDA was -$42.27 million for the quarter. At the end of fuboTV Inc.’s most recent quarter ended June 29, its liabilities totaled 830.14 million, while its total debt was $446.56 million. Equity owned by shareholders amounts to $292.58 million.
Technical Picture
Here’s a quick look at fuboTV Inc.’s (FUBO) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 47.94%, suggesting the stock is Neutral, with a 64.64% historical volatility rate.
The stochastic %K and %D were 30.46% and 18.22% respectively, while the average true range (ATR) was 0.21. Based on the 14-day stochastic reading of 50.00%, the RSI (14) reading is 46.52%. On the 9-day MACD Oscillator, the stock is at 0.05, and the 14-day reading is at -0.05.
Analyst Ratings
fuboTV Inc. (NYSE: FUBO) was downgraded by Evercore ISI to a an In-line rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned fuboTV Inc. (FUBO) an Hold rating. FUBO is a stock that is recommended for selling by 1 brokerage firm, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is FUBO’s price target for the next 12 months?
The current consensus forecast for the stock is between $3.00 and $5.00, with a median target price of $3.00. In analyzing these forecasts, the average price target given by analysts for fuboTV Inc. (FUBO) is $3.60.
