During the recent session, fuboTV Inc (NYSE:FUBO)’s traded shares were 3.46 million, with the beta value of the company hitting 2.06. At the last check today, the stock’s price was $1.53, reflecting an intraday loss of -1.60% or -$0.03. The 52-week high for the FUBO share is $3.87, that puts it down -152.94 from that peak though still a striking 32.68% gain since the share price plummeted to a 52-week low of $1.03. The company’s market capitalization is $459.73M, and the average intraday trading volume over the past 10 days was 6.32 million shares, and the average trade volume was 11.35 million shares over the past three months.
fuboTV Inc (NYSE:FUBO) trade information
fuboTV Inc (FUBO) registered a -1.60% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.60% in intraday trading to $1.53, hitting a weekly high. The stock’s 5-day price performance is -2.85%, and it has moved by -11.27% in 30 days. Based on these gigs, the overall price performance for the year is 35.84%. The short interest in fuboTV Inc (NYSE:FUBO) is 63.66 million shares and it means that shorts have 4.54 day(s) to cover.
fuboTV Inc (FUBO) estimates and forecasts
Statistics show that fuboTV Inc has outperformed its competitors in share price, compared to the industry in which it operates. fuboTV Inc (FUBO) shares have gone down -38.60% during the last six months, with a year-to-date growth rate more than the industry average at 30.14% against 26.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 40.50% this quarter and then jump 5.90% in the quarter after that. In the rating firms’ projections, revenue will increase 14.00% compared to the previous financial year.
Revenue for the current quarter is expected to be $381.3 million as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to $355.23 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $324.37 million and $312.74 million respectively. In this case, analysts expect current quarter sales to grow by 17.50% and then jump by 13.60% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 14.86%. While earnings are projected to return 25.77% in 2024.
FUBO Dividends
fuboTV Inc is due to release its next quarterly earnings between May 03 and May 07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
fuboTV Inc (NYSE:FUBO)’s Major holders
fuboTV Inc insiders own 3.06% of total outstanding shares while institutional holders control 40.67%, with the float percentage being 41.95%. Vanguard Group Inc is the largest shareholder of the company, while 277 institutions own stock in it. As of Jun 29, 2023, the company held over 24.34 million shares (or 51.35% of all shares), a total value of $50.62 million in shares.
The next largest institutional holding, with 18.34 million shares, is of Blackrock Inc.’s that is approximately 38.70% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $38.15 million.
Also, the Mutual Funds coming in first place with the largest holdings of fuboTV Inc (FUBO) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 9.31 million shares. This amounts to just over 19.65 percent of the company’s overall shares, with a $19.37 million market value. The same data shows that the other fund manager holds slightly less at 4.7 million, or about 9.91% of the stock, which is worth about $10.99 million.
