Why Investors Should Stick to fuboTV Inc (NYSE: FUBO) Stock in 2024

In the latest trading session, 3.85 million fuboTV Inc (NYSE:FUBO) shares changed hands as the company’s beta touched 2.04. With the company’s most recent per share price at $2.16 changing hands around $0.1 or 4.92% at last look, the market valuation stands at $632.85M. FUBO’s current price is a discount, trading about -79.17% 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 55.56% up since then. When we look at fuboTV Inc’s average trading volume, we note the 10-day average is 15.47 million shares, with the 3-month average coming to 1.86.

fuboTV Inc (NYSE:FUBO) trade information

Instantly FUBO is in green as seen in intraday trades today. With action -10.69%, the performance over the past five days has been red. The jump to weekly highs of 2.56 added 4.92% to the stock’s daily price. The company’s shares are showing year-to-date downside of -32.03%, with the 5-day performance at -10.69% in the red. However, in the 30-day time frame, fuboTV Inc (NYSE:FUBO) is -22.53% down. Looking at the short shares, we see there were 49.95 million shares sold at short interest cover period of 5.35 days.

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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 -12.85% over the past 6 months, a 64.38% in annual growth rate that is considerably higher than the industry average of -8.70%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 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 10 financial analysts project the company’s revenue in the current quarter to hit an average of $397.66 million. 7 analysts are of the opinion that fuboTV Inc’s revenue for the quarter ending Mar 2024 will be $395.06 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%.

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