In the latest trading session, 6.01 million fuboTV Inc (NYSE:FUBO) shares changed hands as the company’s beta touched 2.32. With the company’s most recent per share price at $3.36 changing hands around $0.18 or 5.65% at last look, the market valuation stands at $983.78M. FUBO’s current price is a discount, trading about -15.18% off its 52-week high of $3.87. The share price had its 52-week low at $0.96, which suggests the last value was 71.43% up since then. When we look at fuboTV Inc’s average trading volume, we note the 10-day average is 13.61 million shares, with the 3-month average coming to 13.33 million.
Analysts gave the fuboTV Inc (FUBO) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 2.78. If we narrow down to specifics, the data shows that 1 out of 9 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended FUBO as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. fuboTV Inc’s EPS for the current quarter is expected to be -$0.31.
fuboTV Inc (NYSE:FUBO) trade information
Instantly FUBO is in green as seen in intraday trades today. With action 32.28%, the performance over the past five days has been green. The jump to weekly highs of 3.39 on Friday, 11/17/23 added 5.65% to the stock’s daily price. The company’s shares are showing year-to-date upside of 93.09%, with the 5-day performance at 32.28% in the green. However, in the 30-day time frame, fuboTV Inc (NYSE:FUBO) is 42.97% up. Looking at the short shares, we see there were 51.48 million shares sold at short interest cover period of 5.66 days.
The consensus price target for the stock as assigned by Wall Street analysts is $3.65, meaning bulls need an upside of 7.95% from its recent market value. According to analyst projections, FUBO’s forecast low is $3.00 with $5.00 as the target high. To hit the forecast high, the stock’s price needs a -48.81% plunge from its current level, while the stock would need to tank 10.71% for it to hit the projected low.
fuboTV Inc (FUBO) estimates and forecasts
Data shows that the fuboTV Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 79.67% over the past 6 months, a 63.52% in annual growth rate that is considerably higher than the industry average of -14.60%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for fuboTV Inc will rise 59.20%, while the growth in revenue is estimated to hit 37.80% for the next quarter. Year-over-year growth is forecast to reach 34.40% up from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of $397.48 million. 6 analysts are of the opinion that fuboTV Inc’s revenue for the quarter ending Mar 2024 will be $394.99 million. The company’s revenue for the corresponding quarters a year ago was $319.31 million and $324.37 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 24.50%. The estimates for the next quarter sales put growth at 21.80%.
The 2023 estimates are for fuboTV Inc earnings to increase by 64.34%.
fuboTV Inc is expected to release its next quarterly earnings report on November 03.
fuboTV Inc (NYSE:FUBO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.34% of fuboTV Inc shares while 32.55% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 33.68%. There are 32.55% institutions holding the fuboTV Inc stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 51.35% of the shares, roughly 24.34 million FUBO shares worth $50.62 million.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 38.70% or 18.34 million shares worth $38.15 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 9.31 million shares estimated at $19.37 million under it, the former controlled 19.65% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 9.91% of the shares, roughly 4.7 million shares worth around $10.99 million.