fuboTV Inc (NYSE:FUBO) price on Thursday, June 12, rose 1.19% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.41.
A look at the stock’s price movement, the close in the last trading session was $3.37. The PE ratio in trailing twelve months stood at 17.76. Turning to its 52-week performance, $6.45 and $1.10 were the 52-week high and 52-week low respectively. Overall, FUBO moved 15.99% over the past month.
fuboTV Inc’s market cap currently stands at around $1.16 billion, with investors looking forward to this quarter’s earnings report slated for in July.
Analysts have a consensus estimate of 353.77M for the company’s revenue for the quarter, with a low and high estimate of 350.6M and 359.4M respectively. The average forecast suggests down to a -9.51% 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 1.54B, representing a -5.24% decline 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 100% Buy. On the other hand, the stock is on average a 50% 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 0.53% and 10.97% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.37, while 7-day volatility ratio is 2.33% and 4.43% in the 30-day chart. Further, fuboTV Inc (FUBO) has a beta value of 2.25, and an average true range (ATR) of 0.21. Analysts have given the company’s stock an average 52-week price target of $3.5, forecast between a low of $3.5 and high of $3.5. Looking at the price targets, the low is -2.64% off current price level while to achieve the yearly target high, price needs to move -2.64%. Nonetheless, investors will most likely welcome a -2.64% jump to $3.5 which is the analysts’ median price.
If we refocus on fuboTV Inc (NYSE:FUBO), historical trading data shows that trading volumes averaged 16.22 million over the past 3 months. The company’s latest data on shares outstanding shows there are 341.54 million shares.
The 3.52% of fuboTV Inc’s shares are in the hands of company insiders while institutional holders own 39.78% of the company’s shares. Current price change has pushed the stock 170.63% 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.
