During the last session, fuboTV Inc (NYSE:FUBO)’s traded shares were 2.69 million, with the beta value of the company hitting 1.75. The 52-week high for the FUBO share is $3.82, that puts it down -165.28 from that peak though still a striking 23.61% gain since the share price plummeted to a 52-week low of $1.10. The company’s market capitalization is $481.09M, and the average intraday trading volume over the past 10 days was 9.64 million shares, and the average trade volume was 10.18 million shares over the past three months.
fuboTV Inc (FUBO) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.75. FUBO has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 7 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.11.
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fuboTV Inc (NYSE:FUBO) trade information
The stock’s 5-day price performance is -8.28%, and it has moved by -8.28% in 30 days. Based on these gigs, the overall price performance for the year is -53.85%. The short interest in fuboTV Inc (NYSE:FUBO) is 34.91 million shares and it means that shorts have 4.63 day(s) to cover.
The consensus price target of analysts on Wall Street is $3, which implies an increase of 52.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $16 respectively. As a result, FUBO is trading at a discount of -1011.11% off the target high and -38.89% off the low.
fuboTV Inc (FUBO) estimates and forecasts
Statistics show that fuboTV Inc has outperformed its competitors in share price, compared to the industry in which it operates. fuboTV Inc (FUBO) shares have gone up 18.03% during the last six months, with a year-to-date growth rate more than the industry average at 49.32% against 17.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 32.96% this quarter and then jump 29.55% in the quarter after that. In the rating firms’ projections, revenue will increase 18.67% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 444.91M as predicted by 9 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 436.98M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 410.18M and 402.35M respectively. In this case, analysts expect current quarter sales to grow by 8.47% and then jump by 8.61% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 14.86%. While earnings are projected to return 42.17% in 2024.
FUBO Dividends
fuboTV Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
fuboTV Inc (NYSE:FUBO)’s Major holders
The next largest institutional holding, with 16.92 million shares, is of VANGUARD GROUP INC’s that is approximately 5.652% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $20.98 million.
Also, the Mutual Funds coming in first place with the largest holdings of fuboTV Inc (FUBO) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 8.99 shares. This amounts to just over 18.96 percent of the company’s overall shares, with a $12.94 million market value. The same data shows that the other fund manager holds slightly less at 7.68, or about 16.20% of the stock, which is worth about $11.06 million.
