fuboTV Inc (NYSE:FUBO) shares, rose in value on Thursday, April 04, with the stock price up by 4.27% to the previous day’s close as strong demand from buyers drove the stock to $1.63.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.56. The value of beta (5-year monthly) is 2.02. Referring to stock’s 52-week performance, its high was $3.87, and the low was $1.03. On the whole, FUBO has fluctuated by -6.52% over the past month.
With the market capitalization of fuboTV Inc currently standing at about $487.17 million, investors are eagerly awaiting this quarter’s results, scheduled for May 03, 2024 – May 07, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.22, which is expected to increase to -$0.15 for fiscal year -$0.77 and then to about -$0.37 by fiscal year 2025. Data indicates that the EPS growth is expected to be 26.70% in 2025, while the next year’s EPS growth is forecast to be 51.90%.
Analysts have estimated the company’s revenue for the quarter at $381.3 million, with a low estimate of $377.47 million and a high estimate of $388 million. According to the average forecast, sales growth in current quarter could jump up 17.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $1.56 billion, representing an increase of 14.00% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that FUBO’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of FUBO currently trading nearly 3.31% and -16.71% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.46, while the 7-day volatility ratio is showing 4.76% which for the 30-day chart, stands at 6.52%. Furthermore, fuboTV Inc (FUBO)’s beta value is 2.06, and its average true range (ATR) is 0.11.
A comparison of fuboTV Inc (FUBO) with its peers suggests the former has fared considerably weaker in the market. FUBO showed an intraday change of 4.27% in today’s session so far, and over the past year, it grew by 42.68%%.
Data on historical trading for fuboTV Inc (NYSE:FUBO) indicates that the trading volumes over the past 10 days have averaged 6.22 million and over the past 3 months, they’ve averaged 11.34 million. According to company’s latest data on outstanding shares, there are 299.22 million shares outstanding.
Nearly 3.68% of fuboTV Inc’s shares belong to company insiders and institutional investors own 40.19% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 63.66 million shares as on Mar 15, 2024, resulting in a short ratio of 4.54. According to the data, the short interest in fuboTV Inc (FUBO) stood at 21.25% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 48.89 million. The stock has fallen by -48.85% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FUBO stock heading into the next quarter.
