As of Thursday close, fuboTV Inc.’s (NYSE:FUBO) stock was down -$0.04, moving down -1.68 percent to $2.34. The average number of shares traded per day over the past five days has been 11,622,460 shares. 5 times new highs have been achieved over the past 5 days, with a $0.26 gain in that time frame. In the last twenty days, the average volume was 16,431,699, while in the previous 50 days, it was 16,792,986.
Since last month, FUBO stock retreated -26.18%. Shares of the company fell to $1.95 on 08/18/23, the lowest level in the past month. A 52-week high of $5.24 was reached on 08/04/23 after having rallying from a 52-week low of $0.96. Since the beginning of this year, FUBO’s stock price has risen by 34.48% or $0.60, and marked a new high 17 times. However, the stock has declined by -55.34% since its 52-week high.
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FUBO stock investors should be aware that fuboTV Inc. (FUBO) stock had its last reported insider trading activity 161 days ago on Mar 24. Horihuela Alberto, the Chief Growth Officer of the company, disposed of 78,564 shares for $1.11 on Mar 24. It resulted in a $87,206 divestment by the insider. Janedis John added 8,000 shares at an average price of $1.22 on Mar 22. The insider now owns 18,000 shares following the transaction. On Nov 25, Chief Growth Officer Horihuela Alberto sold 61,237 shares at $2.74 apiece. The transaction was valued at $167,789.
Valuation Metrics
The stock’s beta is 2.46. Besides these, the trailing price-to-sales (P/S) ratio of 0.56, the price-to-book (PB) ratio of 1.62.
Financial Health
In the three months ended June 29, fuboTV Inc.’s quick ratio stood at 1.00, while its current ratio was 1.00, 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 June 29 was 0.94, and the total debt-to-equity ratio was 0.96. In the year ended June 29, EBITDA margin amounted to -36.88%, whereas operating margins totaled -25.20%. Based on annual data, FUBO earned -$41.1 million in gross profit and brought in $1.01 billion 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 -50.30%. Return on equity (ROE) for the past 12 months was -99.80%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. FUBO’s revenue rose 29.05% to $324.37 million during the quarter, while net income inched up to $312.74 million. While analysts expected fuboTV Inc. to report -$0.31 quarterly earnings, the actual figure was -$0.17 per share, beating the consensus estimate by 45.20%. During the quarter, the company generated -$42.27 million in EBITDA. The liabilities of fuboTV Inc. were 830.14 million at the end of its most recent quarter ended June 29, and its total debt was $446.56 million. The value of shareholders’ equity is $292.58 million.
Technical Picture
This quick technical analysis looks at fuboTV Inc.’s (FUBO) price momentum. With a historical volatility rate of 34.24%, the RSI 9-day stood at 51.20% on 31 August.
With respect to its five-day moving average, the current fuboTV Inc. price is up by +12.50% percent or $0.26. At present, FUBO shares trade -27.10% below its 20-day simple moving average and +100.00% percent above its 100-day simple moving average. However, the stock is currently trading approximately +18.78% above its SMA50 and -34.82% below its SMA200.
Stochastic coefficient K was 67.42% and Stochastic coefficient D was 58.93%, while ATR was 0.19. Given the Stochastic reading of 67.24% for the 14-day period, the RSI (14) reading has been calculated as 48.63%. As of today, the MACD Oscillator reading stands at 0.16, while the 14-day reading stands at 0.15.
Analyst Ratings
fuboTV Inc. downgraded its rating on fuboTV Inc. (NYSE: FUBO) to an In-line in a note to investors on February 28, 2023. The analysts firm previously had an Outperform rating on the stock.fuboTV Inc. (FUBO) has been rated Hold by analysts. According to 1 brokerage firm, FUBO is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate fuboTV Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $3.00, the current consensus forecast for the stock is $3.00 – $5.00. Based on these forecasts, analysts predict fuboTV Inc. (FUBO) will achieve an average price target of $3.60.
