fuboTV Inc (FUBO) Has Fallen -7.94%, Becoming A Losing Stock For Investors

fuboTV Inc (NYSE:FUBO) has a beta value of 1.83 and has seen 13.52 million shares traded in the last trading session. The company, currently valued at $382.03M, closed the last trade at $1.16 per share which meant it lost -$0.1 on the day or -7.94% during that session. The FUBO stock price is -229.31% off its 52-week high price of $3.82 and 5.17% above the 52-week low of $1.10. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.28 million shares traded. The 3-month trading volume is 8.45 million shares.

The consensus among analysts is that fuboTV Inc (FUBO) is Buy stock at the moment, with a recommendation rating of 2.33. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 7 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.18.

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fuboTV Inc (NYSE:FUBO) trade information

Sporting -7.94% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the FUBO stock price touched $1.16 or saw a rise of 23.18%. Year-to-date, fuboTV Inc shares have moved -63.52%, while the 5-day performance has seen it change -11.45%. Over the past 30 days, the shares of fuboTV Inc (NYSE:FUBO) have changed -13.43%. Short interest in the company has seen 49.57 million shares shorted with days to cover at 7.27.

Wall Street analysts have a consensus price target for the stock at $4.25, which means that the shares’ value could jump 72.71% from current levels. The projected low price target is $2.0 while the price target rests at a high of $16.0. In that case, then, we find that the current price level is -1279.31% off the targeted high while a plunge would see the stock gain -72.41% from current levels.

fuboTV Inc (FUBO) estimates and forecasts

Figures show that fuboTV Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -43.69% over the past 6 months, with this year growth rate of 35.62%, compared to 19.70% for the industry. Revenue growth from the last financial year stood is estimated to be 17.20%.

9 analysts offering their estimates for the company have set an average revenue estimate of 371.92M for the current quarter. 9 have an estimated revenue figure of 445.04M for the next ending quarter. Year-ago sales stood 320.94M and 410.18M respectively for this quarter and the next, and analysts expect sales will grow by 15.90% for the current quarter and 17.20% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 14.86% over the past 5 years.

fuboTV Inc (NYSE:FUBO)’s Major holders

The top two institutional holders are BLACKROCK INC. with over 23.32 million shares worth more than $36.85 million. As of 2024-03-31, BLACKROCK INC. held 7.9133% of shares outstanding.

The other major institutional holder is VANGUARD GROUP INC, with the holding of over 22.03 million shares as of 2024-03-31. The firm’s total holdings are worth over $34.8 million and represent 7.4733% of shares outstanding.