Why Acquire Shares Of fuboTV Inc (FUBO)?

fuboTV Inc (NYSE:FUBO) has a beta value of 1.75 and has seen 10.63 million shares traded in the last trading session. The FUBO stock price is -141.5% off its 52-week high price of $3.55 and 25.17% 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 11.56 million shares traded. The 3-month trading volume is 10.17 million shares.

The consensus among analysts is that fuboTV Inc (FUBO) is Buy stock at the moment, with a recommendation rating of 2.75. 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 -0.11.

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fuboTV Inc (NYSE:FUBO) trade information

Over the past 30 days, the shares of fuboTV Inc (NYSE:FUBO) have changed -2.65%. Short interest in the company has seen 39.23 million shares shorted with days to cover at 3.17.

Wall Street analysts have a consensus price target for the stock at $2, which means that the shares’ value could jump 26.5% from current levels. The projected low price target is $2.0 while the price target rests at a high of $2.0. In that case, then, we find that the current price level is -36.05% off the targeted high while a plunge would see the stock gain -36.05% 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 gained 24.58% over the past 6 months, with this year growth rate of 49.32%, compared to 18.60% for the industry. Revenue growth from the last financial year stood is estimated to be 18.78%.

9 analysts offering their estimates for the company have set an average revenue estimate of 444.91M for the current quarter. 6 have an estimated revenue figure of 436.98M for the next ending quarter. Year-ago sales stood 410.18M and 402.35M respectively for this quarter and the next, and analysts expect sales will grow by 8.47% for the current quarter and 18.78% 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 in January 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 Sep 30, 2024 , the former fund manager holds about 18.96% shares in the company for having 8.99 shares of worth $13.21 million while later fund manager owns 7.68 shares of worth $11.29 million as of Sep 30, 2024 , which makes it owner of about 16.20% of company’s outstanding stock.