fuboTV Inc (NYSE:FUBO) Rises 42.43% In 2024; Is It Still Attractive At $1.70?

In recent trading session, fuboTV Inc (NYSE:FUBO) saw 1.01 million shares changing hands at last check today with its beta currently measuring 1.78. Company’s recent per share price level of $1.70 trading at -$0.03 or -2.02% at last check today assigns it a market valuation of $558.23M. That most recent trading price of FUBO’s stock is at a discount of -124.71% from its 52-week high price of $3.82 and is indicating a premium of 35.29% 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 16.01 million shares which gives us an average trading volume of 11.95 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 2.56. Splitting up the data highlights that, out of 7 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 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.18 in the current quarter.

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fuboTV Inc (NYSE:FUBO) trade information

Upright in the red during last session for losing -2.02%, in the last five days FUBO remained trading in the green while hitting it’s week-highest on Wednesday, 09/04/24 when the stock touched $1.70 price level, adding 3.95% to its value on the day. fuboTV Inc’s shares saw a change of -46.70% in year-to-date performance and have moved 1.50% in past 5-day. fuboTV Inc (NYSE:FUBO) showed a performance of 27.44% in past 30-days. Number of shares sold short was 45.58 million shares which calculate 4.86 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 3 to the stock, which implies a rise of 43.33% to its recent value today. 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 -17.65% in reaching the projected high whereas dropping to the targeted low would mean a loss of -17.65% 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 -2.02% of value to its shares in past 6 months, showing an annual growth rate of 49.32% while that of industry is 7.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 18.20% from the last financial year’s standing.

9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 376.77M for the same. And 9 analysts are in estimates of company making revenue of 447.42M in the next quarter. Company posted 320.94M and 410.18M of sales in current and next quarters respectively a year earlier.

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.

fuboTV Inc (NYSE:FUBO)’s Major holders

BLACKROCK INC. is the top institutional holder at FUBO for having 22.17 million shares of worth $27.49 million. And as of 2024-06-30, it was holding 7.4055 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 16.92 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.652 of outstanding shares, having a total worth of $20.98 million.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024, the former fund manager was holding 8.99 shares of worth $15.23 million or 18.96% of the total outstanding shares. The later fund manager was in possession of 8.07 shares on Jul 31, 2024, making its stake of worth around $13.68 million in the company or a holder of 17.03% of company’s stock.