fuboTV Inc (NYSE: FUBO): The Stock For Success Over The Next Few Months

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In the last trading session, 39.96 million fuboTV Inc (NYSE:FUBO) shares changed hands as the company’s beta touched 1.81. With the company’s per share price at $1.53 changed hands at $0.22 or 16.79% during last session, the market valuation stood at $503.89M. FUBO’s last price was a discount, traded about -149.67% off its 52-week high of $3.82. The share price had its 52-week low at $1.10, which suggests the last value was 28.1% up since then. When we look at fuboTV Inc’s average trading volume, we note the 10-day average is 13.15 million shares, with the 3-month average coming to 8.06 million.

Analysts gave the fuboTV Inc (FUBO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.33. If we narrow down to specifics, the data shows that 0 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended FUBO as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. fuboTV Inc’s EPS for the current quarter is expected to be -0.18.

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fuboTV Inc (NYSE:FUBO) trade information

Instantly FUBO was in green as seen at the end of in last trading. With action 21.43%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -51.89%, with the 5-day performance at 21.43% in the green. However, in the 30-day time frame, fuboTV Inc (NYSE:FUBO) is 4.08% up. Looking at the short shares, we see there were 48.68 million shares sold at short interest cover period of 6.06 days.

The consensus price target for the stock as assigned by Wall Street analysts is 4.25, meaning bulls need an upside of 64.0% from its current market value. According to analyst projections, FUBO’s forecast low is 2 with 16 as the target high. To hit the forecast high, the stock’s price needs a -945.75% plunge from its current level, while the stock would need to soar -30.72% for it to hit the projected low.

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 -30.45% over the past 6 months, a 49.32% in annual growth rate that is considerably higher than the industry average of 11.20%. Year-over-year growth is forecast to reach 17.20% up from the last financial year.

Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 371.92M. 9 analysts are of the opinion that fuboTV Inc’s revenue for the current quarter will be 445.04M. The company’s revenue for the corresponding quarters a year ago was 320.94M and 410.18M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 15.90%. The estimates for the next quarter sales put growth at 8.50%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 14.86%. The 2024 estimates are for fuboTV Inc earnings to increase by 42.43%.

VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 7.3579% or 22.03 million shares worth $34.8 million as of 2024-03-31.