The trading price of fuboTV Inc. (NYSE:FUBO) closed lower on Monday, Feb 22, closing at $42.95, -4.96% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $40.38 and $42.85. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 2.76. In examining the 52-week price action we see that the stock hit a 52-week high of $62.29 and a 52-week low of $5. Over the past month, the stock has gained 14.99% in value.
On the technical side, indicators suggest FUBO has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned FUBO a recommendation rating is 8. Out of them, no one rate it a Hold, while 8 recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged fuboTV Inc. (FUBO) as Underperform, while not any of them advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0, which symbolizes a positive outlook. A quick review shows that FUBO’s price is currently -9.81% off the SMA20 and 6.1% off the SMA50. The RSI metric on the 14-day chart is currently showing 48.06, and weekly volatility stands at 8.04%. When measured over the past 30 days, the indicator reaches 12.24%. fuboTV Inc. (NYSE:FUBO)’s beta value is currently sitting at 2.76, while the Average True Range indicator is currently displaying 4.82. With analysts defining $30-$60 as the low and high price targets, we arrive at a consensus price target of $45.5 for the trailing 12-month period. The current price is about -26.51% off the estimated low and 46.99% off the forecast high, based on this estimate. Investors will be thrilled if FUBO’s share price rises to $48.5, which is the median consensus price. At that level, FUBO’s share price would be +18.81% above current price.
To see how fuboTV Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: FUBO stock’s performance was -4.96% in the latest trading, and +353.56% in the past year, while Netflix Inc (NFLX) has traded -1.19% on the day and positioned +40.44% higher than it was a year ago. Another comparable company Roku Inc (ROKU) saw its stock close -6.43% lower in the most recent trading session but was up +266.29% in a year. Furthermore, Discovery Comm B (DISCB) showed a decline of -4.96% on the day while its price kept rising at 353.56% over the past year. fuboTV Inc. has a P/E ratio of 0, compared to Netflix Inc’s 90.64 and Roku Inc’s 0. Also in last trading session, the S&P 500 Index has soared -0.77%, while the Dow Jones Industrial also saw a positive session, up +0.09% on the day.
An evaluation of the daily trading volume of fuboTV Inc. (NYSE:FUBO) indicates that the 3-month average is 23.13 Million. However, this figure has declined over the past 10 days to an average of 11.65 Million.
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Currently, records show that 108.85 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 17.38% of outstanding shares, whereas institutions hold 7.24%. The stats also highlight that short interest as of January 28, 2021, stood at 20.36 Million shares, resulting in a short ratio of 0.5 at that time. From this, we can conclude that short interest is 18.7% of the company’s total outstanding shares. It is noteworthy that short shares in January were down slightly from the previous month’s figure, which was 33.86 Million. However, since the stock’s price has seen +45.79% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.