fuboTV Inc. [NYSE: FUBO] closed the trading session at $34.25 on 06/25/21. The day’s price range saw the stock hit a low of $32.57, while the highest price level was $35.09. The company report on June 22, 2021 that fuboTV Set to Join Russell 3000® Index.
fuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, is set to join the broad-market Russell 3000® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the U.S. market opens on June 28, according to a preliminary list of additions posted June 4.
Annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of May 7, ranking them by total market capitalization. Membership in the U.S. all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
The stocks have a year to date performance of 22.32 percent and weekly performance of 17.05 percent. The stock has been moved at -34.87 percent over the last six months. The stock has performed 44.39 percent around the most recent 30 days and changed 56.54 percent over the most recent 3-months.
If compared to the average trading volume of 16.37M shares, FUBO reached to a volume of 33883620 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $39.50 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.
Evercore ISI have made an estimate for fuboTV Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 06, 2021. While these analysts kept the previous recommendation, Barrington Research raised their target price to Outperform. The new note on the price target was released on January 21, 2021, representing the official price target for fuboTV Inc. stock. Previously, the target price had yet another raise from $33 to $50, while BMO Capital Markets kept a Market Perform rating on FUBO stock. On December 22, 2020, analysts increased their price target for FUBO shares from 30 to 60.
The Average True Range (ATR) for fuboTV Inc. is set at 2.30, with the Price to Sales ratio for FUBO stock in the period of the last 12 months amounting to 13.74. The Price to Book ratio for the last quarter was 5.92, with the Price to Cash per share for the same quarter was set at 3.47.
FUBO stock trade performance evaluation
fuboTV Inc. [FUBO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 17.05. With this latest performance, FUBO shares gained by 44.39% in over the last four-week period, additionally sinking by -34.87% over the last 6 months – not to mention a rise of 201.76% 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 70.71, with the RSI for the last a single of trading hit 75.43, and the three-weeks RSI is set at 66.23 for fuboTV Inc. [FUBO]. The present Moving Average for the last 50 days of trading for this stock 23.75, while it was recorded at 32.49 for the last single week of trading, and 25.66 for the last 200 days.
fuboTV Inc. [FUBO]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and fuboTV Inc. [FUBO] shares currently have an operating margin of -106.07 and a Gross Margin at -27.87. fuboTV Inc.’s Net Margin is presently recorded at -261.93.
Return on Total Capital for FUBO is now -49.48, given the latest momentum, and Return on Invested Capital for the company is -128.87. Return on Equity for this stock declined to -136.67, with Return on Assets sitting at -92.92. When it comes to the capital structure of this company, fuboTV Inc. [FUBO] has a Total Debt to Total Equity ratio set at 5.28. Additionally, FUBO Total Debt to Total Capital is recorded at 5.02, with Total Debt to Total Assets ending up at 3.90. Long-Term Debt to Equity for the company is recorded at 1.70, with the Long-Term Debt to Total Capital now at 0.58.
Reflecting on the efficiency of the workforce at the company, fuboTV Inc. [FUBO] managed to generate an average of -$2,592,423 per employee. Receivables Turnover for the company is 16.50 with a Total Asset Turnover recorded at a value of 0.35.fuboTV Inc.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 2.40.
fuboTV Inc. [FUBO]: Insider Ownership positions
There are presently around $1,487 million, or 31.00% of FUBO stock, in the hands of institutional investors. The top three institutional holders of FUBO stocks are: VANGUARD GROUP INC with ownership of 7,562,627, which is approximately 70.452% of the company’s market cap and around 1.70% of the total institutional ownership; SUSQUEHANNA INTERNATIONAL GROUP, LLP, holding 5,576,014 shares of the stock with an approximate value of $190.98 million in FUBO stocks shares; and DRAGONEER INVESTMENT GROUP, LLC, currently with $147.12 million in FUBO stock with ownership of nearly 0% of the company’s market capitalization.
Positions in fuboTV Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 139 institutional holders increased their position in fuboTV Inc. [NYSE:FUBO] by around 16,885,961 shares. Additionally, 72 investors decreased positions by around 29,138,453 shares, while 13 investors held positions by with 2,614,832 shares. The mentioned changes placed institutional holdings at 43,409,582 shares, according to the latest SEC report filing. FUBO stock had 77 new institutional investments in for a total of 5,477,414 shares, while 45 institutional investors sold positions of 16,304,032 shares during the same period.