fuboTV Inc (NYSE:FUBO) price on Thursday, February 27, fall -2.22% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.52.
A look at the stock’s price movement, the close in the last trading session was $3.60. Turning to its 52-week performance, $6.45 and $1.10 were the 52-week high and 52-week low respectively. Overall, FUBO moved -10.89% over the past month.
fuboTV Inc’s market cap currently stands at around $1.19 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 445.17M for the company’s revenue for the quarter, with a low and high estimate of 438.7M and 453.3M respectively. The average forecast suggests up to a 8.53% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.63B, representing a 18.79% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that FUBO is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 7 recommend FUBO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
FUBO’s current price about -10.92% and 5.75% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.91, while 7-day volatility ratio is 11.45% and 8.59% in the 30-day chart. Further, fuboTV Inc (FUBO) has a beta value of 2.01, and an average true range (ATR) of 0.36. Analysts have given the company’s stock an average 52-week price target of $2.5, forecast between a low of $2 and high of $16. Looking at the price targets, the low is 43.18% off current price level while to achieve the yearly target high, price needs to move -354.55%. Nonetheless, investors will most likely welcome a 28.98% jump to $2.5 which is the analysts’ median price.
If we refocus on fuboTV Inc (NYSE:FUBO), historical trading data shows that trading volumes averaged 41.55 million over the past 3 months. The company’s latest data on shares outstanding shows there are 334.09 million shares.
The 3.50% of fuboTV Inc’s shares are in the hands of company insiders while institutional holders own 36.02% of the company’s shares. Current price change has pushed the stock 179.37% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FUBO stock continues to rise going into the next quarter.
