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Analysts Predict fuboTV Inc. (NYSE:FUBO) To Reach $8.00 In 12 Months

In last trading session, fuboTV Inc. (NYSE:FUBO) saw 10.55 million shares changing hands with its beta currently measuring 3.26. Company’s recent per share price level of $4.37 trading at $0.06 or 1.39% at ring of the bell on the day assigns it a market valuation of $909.57M. That closing price of FUBO’s stock is at a discount of -703.2% from its 52-week high price of $35.10 and is indicating a premium of 46.91% from its 52-week low price of $2.32. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 15.19 million shares which gives us an average trading volume of 16.23 million if we extend that period to 3-months.

For fuboTV Inc. (FUBO), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 2.90. Splitting up the data highlights that, out of 8 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.69 in the current quarter.

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fuboTV Inc. (NYSE:FUBO) trade information

Upright in the green during last session for gaining 1.39%, in the last five days FUBO remained trading in the red while hitting it’s week-highest on Thursday, 09/15/22 when the stock touched $4.37 price level, adding 16.6% to its value on the day. fuboTV Inc.’s shares saw a change of -71.84% in year-to-date performance and have moved -14.65% in past 5-day. fuboTV Inc. (NYSE:FUBO) showed a performance of 7.11% in past 30-days. Number of shares sold short was 49.95 million shares which calculate 4.73 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $6.20 to the stock, which implies a rise of 29.52% to its current value. Analysts have been projecting $5.00 as a low price target for the stock while placing it at a high target of $8.00. It follows that stock’s current price would drop -83.07% in reaching the projected high whereas dropping to the targeted low would mean a loss of -14.42% for stock’s current value.

fuboTV Inc. (FUBO) estimates and forecasts

Statistics highlight that fuboTV Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -43.32% of value to its shares in past 6 months, showing an annual growth rate of -7.19% while that of industry is 14.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -1.50% in the current quarter and calculating 2.70% increase in the next quarter. This year revenue growth is estimated to rise 64.00% from the last financial year’s standing.

8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $227.8 million for the same. And 8 analysts are in estimates of company making revenue of $247.61 million in the next quarter that will end on Sep 2022. Company posted $118.3 million and $143.55 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 92.60% while estimating it to be 72.50% for the next quarter.

FUBO Dividends

fuboTV Inc. is more likely to be releasing its next quarterly report between February 28 and March 04 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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

Insiders are in possession of 11.06% of company’s total shares while institution are holding 37.65 percent of that, with stock having share float percentage of 42.33%. Investors also watch the number of corporate investors in a company very closely, which is 37.65% institutions for fuboTV Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at FUBO for having 12.62 million shares of worth $82.92 million. And as of Mar 30, 2022, it was holding 26.63% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 10.27 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 21.66% of outstanding shares, having a total worth of $67.45 million.

On the other hand, iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 4.09 million shares of worth $10.11 million or 8.63% of the total outstanding shares. The later fund manager was in possession of 3.96 million shares on Mar 30, 2022, making its stake of worth around $26.03 million in the company or a holder of 8.36% of company’s stock.

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