fuboTV Inc. [NYSE: FUBO] loss -5.04% on the last trading session, reaching $46.32 price per share at the time. The company report on February 5, 2021 that fuboTV Joins Digital Ad Industry’s Unified ID 2.0 Initiative as Connected TV Partner.
fuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, announced its support of the open-source, interoperable identity solution, Unified ID 2.0, in collaboration with The Trade Desk and other companies across the digital advertising industry.
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fuboTV has joined the Unified ID 2.0 initiative as a connected TV (CTV) partner, expanding Unified ID 2.0 into fuboTV’s significant footprint on the big screen. Representing 93% of total viewing hours during the third quarter of 2020, CTV is fuboTV’s most popular streaming platform. With the big game kicking off on Sunday, fuboTV expects CTV will be its subscribers’ streaming platform of choice.
fuboTV Inc. represents 108.85 million in outstanding shares, while the company has a total market value of $3.28 billion with the latest information. FUBO stock price has been found in the range of $45.30 to $47.79.
If compared to the average trading volume of 21.69M shares, FUBO reached a trading volume of 13475639 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about fuboTV Inc. [FUBO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FUBO shares is $45.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FUBO stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Barrington Research have made an estimate for fuboTV Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 21, 2021. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price from $33 to $50. The new note on the price target was released on December 23, 2020, representing the official price target for fuboTV Inc. stock. Previously, the target price had yet another raise from $30 to $60, while Needham kept a Buy rating on FUBO stock.
The Average True Range (ATR) for fuboTV Inc. is set at 5.61, with the Price to Sales ratio for FUBO stock in the period of the last 12 months amounting to 29.48.
Trading performance analysis for FUBO stock
fuboTV Inc. [FUBO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.60. With this latest performance, FUBO shares gained by 63.27% in over the last four-week period, additionally plugging by 354.12% over the last 6 months – not to mention a rise of 414.67% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FUBO stock in for the last two-week period is set at 57.01, with the RSI for the last a single of trading hit 55.82, and the three-weeks RSI is set at 57.36 for fuboTV Inc. [FUBO]. The present Moving Average for the last 50 days of trading for this stock 35.63, while it was recorded at 48.74 for the last single week of trading, and 17.64 for the last 200 days.
fuboTV Inc. [FUBO]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and fuboTV Inc. [FUBO] shares currently have an operating margin of -709.13. fuboTV Inc.’s Net Margin is presently recorded at -804.50.
Return on Total Capital for FUBO is now -11.75, given the latest momentum, and Return on Invested Capital for the company is -15.17. Return on Equity for this stock declined to -16.91, with Return on Assets sitting at -10.50. When it comes to the capital structure of this company, fuboTV Inc. [FUBO] has a Total Debt to Total Equity ratio set at 26.91. Additionally, FUBO Total Debt to Total Capital is recorded at 21.21, with Total Debt to Total Assets ending up at 14.66. Long-Term Debt to Equity for the company is recorded at 23.33, with the Long-Term Debt to Total Capital now at 18.34.
Reflecting on the efficiency of the workforce at the company, fuboTV Inc. [FUBO] managed to generate an average of -$165,192 per employee. Receivables Turnover for the company is 0.96 with a Total Asset Turnover recorded at a value of 0.01.fuboTV Inc.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.20.
An analysis of insider ownership at fuboTV Inc. [FUBO]
There are presently around $158 million, or 17.70% of FUBO stock, in the hands of institutional investors. The top three institutional holders of FUBO stocks are: FMR LLC with ownership of 1,262,907, which is approximately New of the company’s market cap and around 11.50% of the total institutional ownership; BLACKROCK INC., holding 956,678 shares of the stock with an approximate value of $44.31 million in FUBO stocks shares; and NEPSIS, INC., currently with $11.16 million in FUBO stock with ownership of nearly New of the company’s market capitalization.
Positions in fuboTV Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 42 institutional holders increased their position in fuboTV Inc. [NYSE:FUBO] by around 3,400,776 shares. Additionally, 0 investors decreased positions by around 0 shares, while 0 investors held positions by with 0 shares. The mentioned changes placed institutional holdings at 3,400,776 shares, according to the latest SEC report filing. FUBO stock had 42 new institutional investments in for a total of 3,400,776 shares, while 0 institutional investors sold positions of 0 shares during the same period.