fuboTV Inc. [NYSE: FUBO] plunged by -$0.24 during the normal trading session on Tuesday and reaching a high of $28.0323 during the day while it closed the day at $27.21. The company report on September 14, 2021 that fuboTV Selects Magnite as Preferred SSP.
Focus on live sports and addressable targeting in CTV, kicking off with the 2021 football season.
Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, announced that fuboTV (NYSE: FUBO), the leading sports-first live TV streaming platform, has selected Magnite to serve as its preferred sell-side platform (SSP).
fuboTV Inc. stock has also loss -8.01% of its value over the past 7 days. However, FUBO stock has declined by -2.47% in the 3 months of the year. Over the past six months meanwhile, it has lost -14.86% and lost -2.82% year-on date.
The market cap for FUBO stock reached $3.75 billion, with 137.92 million shares outstanding and 127.21 million shares in the current float. Compared to the average trading volume of 7.90M shares, FUBO reached a trading volume of 6516497 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 $43.86 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 1.77, with the Price to Sales ratio for FUBO stock in the period of the last 12 months amounting to 9.00. The Price to Book ratio for the last quarter was 6.20, with the Price to Cash per share for the same quarter was set at 2.95.
FUBO stock trade performance evaluation
fuboTV Inc. [FUBO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.01. With this latest performance, FUBO shares dropped by -5.62% in over the last four-week period, additionally sinking by -14.86% over the last 6 months – not to mention a rise of 192.58% 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 46.19, with the RSI for the last a single of trading hit 42.50, and the three-weeks RSI is set at 47.90 for fuboTV Inc. [FUBO]. The present Moving Average for the last 50 days of trading for this stock 27.53, while it was recorded at 28.41 for the last single week of trading, and 29.65 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 2.00.
fuboTV Inc. [FUBO]: Insider Ownership positions
There are presently around $1,454 million, or 38.00% of FUBO stock, in the hands of institutional investors. The top three institutional holders of FUBO stocks are: VANGUARD GROUP INC with ownership of 10,658,315, which is approximately 40.934% of the company’s market cap and around 1.70% of the total institutional ownership; BLACKROCK INC., holding 8,770,585 shares of the stock with an approximate value of $238.65 million in FUBO stocks shares; and DRAGONEER INVESTMENT GROUP, LLC, currently with $116.88 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 August and at the time of the August reporting period, where 158 institutional holders increased their position in fuboTV Inc. [NYSE:FUBO] by around 26,233,372 shares. Additionally, 90 investors decreased positions by around 16,131,805 shares, while 23 investors held positions by with 11,061,501 shares. The mentioned changes placed institutional holdings at 53,426,678 shares, according to the latest SEC report filing. FUBO stock had 93 new institutional investments in for a total of 4,039,215 shares, while 45 institutional investors sold positions of 7,143,534 shares during the same period.