Is fuboTV Inc (NYSE:FUBO), -180.43% Away From High, Poised For A Strong Comeback?

In last trading session, fuboTV Inc (NYSE:FUBO) saw 10.48 million shares changing hands with its beta currently measuring 1.79. Company’s recent per share price level of $1.38 trading at -$0.08 or -5.48% at ring of the bell on the day assigns it a market valuation of $413.83M. That closing price of FUBO’s stock is at a discount of -180.43% from its 52-week high price of $3.87 and is indicating a premium of 20.29% from its 52-week low price of $1.10. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 10.61 million shares which gives us an average trading volume of 8.79 million if we extend that period to 3-months.

For fuboTV Inc (FUBO), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.33. Splitting up the data highlights that, out of 6 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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fuboTV Inc (NYSE:FUBO) trade information

Upright in the red during last session for losing -5.48%, in the last five days FUBO remained trading in the red while hitting it’s week-highest on Thursday, 07/18/24 when the stock touched $1.38 price level, adding 12.1% to its value on the day. fuboTV Inc’s shares saw a change of -56.60% in year-to-date performance and have moved -4.83% in past 5-day. fuboTV Inc (NYSE:FUBO) showed a performance of 20.00% in past 30-days. Number of shares sold short was 43.49 million shares which calculate 6.08 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 4.25 to the stock, which implies a rise of 67.53% to its current value. Analysts have been projecting 2 as a low price target for the stock while placing it at a high target of 16. It follows that stock’s current price would drop -44.93% in reaching the projected high whereas dropping to the targeted low would mean a loss of -44.93% for stock’s current value.

fuboTV Inc (FUBO) estimates and forecasts

Statistics highlight that fuboTV Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -50.54% of value to its shares in past 6 months, showing an annual growth rate of 35.62% while that of industry is 21.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 14.86% during past 5 years.

FUBO Dividends

fuboTV Inc is more likely to be releasing its next quarterly report in August 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

BLACKROCK INC. is the top institutional holder at FUBO for having 23.32 million shares of worth $36.85 million. And as of 2024-03-31, it was holding 7.9133 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 22.03 million shares on 2024-03-31. The number of shares represents firm’s hold over 7.4733 of outstanding shares, having a total worth of $34.8 million.