fuboTV Inc (NYSE: FUBO): Get Ready For The Next Few Months

In the last trading session, 5.23 million shares of the fuboTV Inc (NYSE:FUBO) were traded, and its beta was 2.06. Most recently the company’s share price was $1.54, and it changed around -$0.04 or -2.53% from the last close, which brings the market valuation of the company to $461.23M. FUBO currently trades at a discount to its 52-week high of $3.87, offering almost -151.3% off that amount. The share price’s 52-week low was $1.03, which indicates that the current value has risen by an impressive 33.12% since then. We note from fuboTV Inc’s average daily trading volume that its 10-day average is 6.26 million shares, with the 3-month average coming to 11.51 million.

fuboTV Inc (NYSE:FUBO) trade information

Instantly FUBO has showed a red trend with a performance of -2.53% at the end of last trading. On the other hand, fuboTV Inc (NYSE:FUBO) is -18.95% down in the 30-day period. We can see from the shorts that 63.66 million shares have been sold at a short interest cover period of 4.54 day(s).

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The consensus price target as assigned by Wall Street analysts is $5.96, which translates to bulls needing to increase their stock price by 74.16% from its current value. Analyst projections state that FUBO is forecast to be at a low of $2.5 and a high of $16.

fuboTV Inc (FUBO) estimates and forecasts

fuboTV Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -42.32 percent over the past six months and at a 30.14% annual growth rate that is well above the industry average of 25.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 40.50% in revenue this quarter, and will report an increase of 5.90% in the next quarter. The year-over-year growth rate is expected to be 14.00%, up from the previous year.

Consensus estimates provided by 9 financial analysts predict the company will bring in an average of $381.3 million in revenue for the current quarter. 9 analysts expect fuboTV Inc to make $355.23 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $324.37 million and $312.74 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 17.50%. Forecasts for the next quarter put sales growth at 13.60%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 14.86%.

FUBO Dividends

fuboTV Inc’s next quarterly earnings report is expected to be released around May 03 and May 07.

fuboTV Inc (NYSE:FUBO)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 3.06% of fuboTV Inc shares, and 40.67% of them are in the hands of institutional investors. The stock currently has a share float of 41.95%. fuboTV Inc stock is held by 277 institutions, with Vanguard Group Inc being the largest institutional investor. By Jun 29, 2023, it held 51.35% of the shares, which is about 24.34 million shares worth $50.62 million.

Blackrock Inc., with 38.70% or 18.34 million shares worth $38.15 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Jun 29, 2023. The former held 9.31 million shares worth $19.37 million, making up 19.65% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 4.7 million shares worth around $10.99 million, which represents about 9.91% of the total shares outstanding.