fuboTV Inc (FUBO): What Makes The Stock Attractive?

fuboTV Inc (NYSE:FUBO) has a beta value of 1.80 and has seen 2.42 million shares traded in the recent trading session. The company, currently valued at $478.86M, closed the recent trade at $1.45 per share which meant it lost -$0.03 on the day or -1.76% during that session. The FUBO stock price is -163.45% off its 52-week high price of $3.82 and 24.14% 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 10.63 million shares traded. The 3-month trading volume is 12.40 million shares.

The consensus among analysts is that fuboTV Inc (FUBO) is Buy stock at the moment, with a recommendation rating of 2.56. 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 -1.76% in the red today, 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 $1.45 or saw a rise of 16.18%. Year-to-date, fuboTV Inc shares have moved -54.28%, while the 5-day performance has seen it change -13.96%. Over the past 30 days, the shares of fuboTV Inc (NYSE:FUBO) have changed -26.57%. Short interest in the company has seen 34.43 million shares shorted with days to cover at 1.87.

Wall Street analysts have a consensus price target for the stock at $3, which means that the shares’ value could jump 51.67% from the levels at last check today. 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 latest price level in today’s session is -1003.45% off the targeted high while a plunge would see the stock gain -37.93% from the levels at last check today.

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 -3.71% over the past 6 months, with this year growth rate of 49.32%, compared to 7.30% for the industry. Revenue growth from the last financial year stood is estimated to be 18.20%.

9 analysts offering their estimates for the company have set an average revenue estimate of 376.77M for the current quarter. 9 have an estimated revenue figure of 447.42M 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 17.40% for the current quarter and 18.20% 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.

FUBO Dividends

fuboTV Inc is expected to release its next earnings report on 2024-Nov-01 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

fuboTV Inc (NYSE:FUBO)’s Major holders

The top two institutional holders are BLACKROCK INC. with over 22.17 million shares worth more than $27.49 million. As of 2024-06-30, BLACKROCK INC. held 7.4055% of shares outstanding.

The other major institutional holder is VANGUARD GROUP INC, with the holding of over 16.92 million shares as of 2024-06-30. The firm’s total holdings are worth over $20.98 million and represent 5.652% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of Jun 30, 2024, the former fund manager holds about 18.96% shares in the company for having 8.99 shares of worth $12.94 million while later fund manager owns 7.9 shares of worth $11.37 million as of Aug 31, 2024, which makes it owner of about 16.67% of company’s outstanding stock.