Is fuboTV Inc. (NYSE:FUBO) Stock Ready for a Higher Run in its Share Price? – Marketing Sentinel
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Is fuboTV Inc. (NYSE:FUBO) Stock Ready for a Higher Run in its Share Price?

In the last trading session, 19,300,109 fuboTV Inc. (NYSE:FUBO) shares changed hands as the company’s beta touched 2.85. With the company’s per share price at $31.62 changed hands at $2.36 or 0.08% during last session, the market valuation stood at $4.44 Billion. FUBO’s last price was a discount, traded about -97% off its 52-week high of $62.29. The share price had its 52-week low at $8.12, which suggests the last value was 74.32% up since then. When we look at fuboTV Inc.’s average trading volume, we note the 10-day average is 8.89 Million shares, with the 3-month average coming to 15.61 Million.

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Analysts gave the fuboTV Inc. (FUBO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.7. If we narrow down to specifics, the data shows that none out of 8 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 1 recommended FUBO as a Hold, 7 felt it is a Buy and none rated the stock as Underweight. fuboTV Inc.’s EPS for the current quarter is expected to be -$0.5.


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fuboTV Inc. (NYSE:FUBO) trade information

Instantly FUBO was in green as seen at the end of in last trading. With action 8.07%, the performance over the past five days has been green. The jump to weekly highs of $32.43 on Monday, Jun 21 added 2.5% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.13%, with the 5-day performance at 0.07% in the green. However, in the 30-day time frame, fuboTV Inc. (NYSE:FUBO) is 0.56% up. Looking at the short shares, we see there were 23.51 Million shares sold at short interest cover period of 1.51 days.

The consensus price target for the stock as assigned by Wall Street analysts is $39.5, meaning bulls need an upside of 24.92% from its current market value. According to analyst projections, FUBO’s forecast low is $25 with $60 as the target high. To hit the forecast high, the stock’s price needs a +89.75% upsurge from its current level, while the stock would need to tank -20.94% for it to hit the projected low.

fuboTV Inc. (FUBO) estimates and forecasts

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. The 2021 estimates are for fuboTV Inc. earnings to decrease by -717.4%, but the outlook for the next 5-year period is at 0% per year.

fuboTV Inc. (NYSE:FUBO)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 17.78% of fuboTV Inc. shares while 31.03% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 37.74%. There are 204 institutions holding the fuboTV Inc. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Mar 30, 2021, the company held 15.96% of the shares, roughly 7.56 Million FUBO shares worth $167.29 Million.

Susquehanna International Group, LLP holds the second largest percentage of outstanding shares, with 11.77% or 5.58 Million shares worth $123.34 Million as of Mar 30, 2021.

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Among Mutual Funds, the top two as of Mar 30, 2021 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 2774735 shares estimated at $61.38 Million under it, the former controlled 5.85% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 5.04% of the shares, roughly 2.39 Million shares worth around $52.82 Million.

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