fuboTV Inc. [FUBO] Revenue clocked in at $512.40 million, down -12.63% YTD: What’s Next?



fuboTV Inc. [NYSE: FUBO] slipped around -0.41 points on Monday, while shares priced at $13.56 at the close of the session, down -2.93%. The company report on January 10, 2022 that fuboTV Announces Preliminary Fourth Quarter 2021 Results Including Revenue and Subscriber Growth, Expects to Exceed Prior Guidance.

fuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced preliminary fourth quarter 2021 results, including revenue and subscriber growth, ahead of its participation at this week’s 24th Annual Needham Virtual Growth Conference. Both revenue and subscriber metrics are expected to exceed previously issued guidance resulting in a record quarter and year for fuboTV.

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Fourth quarter 2021 total revenue is expected to be between $215-$220 million, an increase of 105%-109% year-over-year. Prior guidance was $205-210 million for the quarter.

fuboTV Inc. stock is now -12.63% down from its year-to-date (YTD) trading value. FUBO Stock saw the intraday high of $13.73 and lowest of $12.79 per share. The company’s 52-week high price is 57.47, which means current price is +6.02% above from all time high which was touched on 01/03/22.

Compared to the average trading volume of 7.75M shares, FUBO reached a trading volume of 12118026 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $40.62 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 2.10. 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.

JP Morgan have made an estimate for fuboTV Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 09, 2021. The new note on the price target was released on November 15, 2021, representing the official price target for fuboTV Inc. stock.

The Average True Range (ATR) for fuboTV Inc. is set at 1.40, with the Price to Sales ratio for FUBO stock in the period of the last 12 months amounting to 3.81. The Price to Book ratio for the last quarter was 3.23, with the Price to Cash per share for the same quarter was set at 2.73.

How has FUBO stock performed recently?

fuboTV Inc. [FUBO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.30. With this latest performance, FUBO shares dropped by -28.10% in over the last four-week period, additionally sinking by -50.71% over the last 6 months – not to mention a drop of -50.13% 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 31.05, with the RSI for the last a single of trading hit 28.53, and the three-weeks RSI is set at 32.89 for fuboTV Inc. [FUBO]. The present Moving Average for the last 50 days of trading for this stock 20.85, while it was recorded at 14.28 for the last single week of trading, and 24.48 for the last 200 days.

fuboTV Inc. [FUBO]: Deeper insight into the 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 1.70.

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Insider trade positions for fuboTV Inc. [FUBO]

There are presently around $796 million, or 41.00% of FUBO stock, in the hands of institutional investors. The top three institutional holders of FUBO stocks are: VANGUARD GROUP INC with ownership of 11,383,615, which is approximately 6.805% of the company’s market cap and around 1.70% of the total institutional ownership; BLACKROCK INC., holding 9,090,428 shares of the stock with an approximate value of $123.27 million in FUBO stocks shares; and DRAGONEER INVESTMENT GROUP, LLC, currently with $58.24 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 June and at the time of the June reporting period, where 130 institutional holders increased their position in fuboTV Inc. [NYSE:FUBO] by around 9,498,001 shares. Additionally, 93 investors decreased positions by around 4,172,921 shares, while 42 investors held positions by with 45,028,273 shares. The mentioned changes placed institutional holdings at 58,699,195 shares, according to the latest SEC report filing. FUBO stock had 41 new institutional investments in for a total of 1,483,734 shares, while 47 institutional investors sold positions of 1,442,935 shares during the same period.