For fuboTV Inc. [FUBO], Analyst sees a rise to $6. What next?

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fuboTV Inc. [NYSE: FUBO] stock went on a downward path that fall over -6.88% on Friday, amounting to a one-week price decrease of less than -16.70%. The company report on April 14, 2022 that fuboTV to Announce Q1 2022 Financial Results on May 5, 2022.

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fuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced that it will issue financial results for the first quarter 2022 after the market closes on May 5, 2022.

Following the release, fuboTV CEO David Gandler and CFO John Janedis will host a live video webcast at 5:30 p.m. ET to review results and provide a brief business update.

Over the last 12 months, FUBO stock dropped by -81.20%. The one-year fuboTV Inc. stock forecast points to a potential upside of 73.02. The average equity rating for FUBO stock is currently 2.10, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $753.30 million, with 198.76 million shares outstanding and 133.25 million shares in the current float. Compared to the average trading volume of 12.21M shares, FUBO stock reached a trading volume of 13738442 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $14.05 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.

Stephens have made an estimate for fuboTV Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on April 25, 2022. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $28 to $12. The new note on the price target was released on February 24, 2022, representing the official price target for fuboTV Inc. stock. Previously, the target price had yet another raise to $28, while JP Morgan analysts kept a Overweight rating on FUBO stock.

The Average True Range (ATR) for fuboTV Inc. is set at 0.50, with the Price to Sales ratio for FUBO stock in the period of the last 12 months amounting to 1.18. The Price to Book ratio for the last quarter was 0.82, with the Price to Cash per share for the same quarter was set at 1.89.

FUBO Stock Performance Analysis:

fuboTV Inc. [FUBO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.70. With this latest performance, FUBO shares dropped by -46.84% in over the last four-week period, additionally sinking by -87.14% over the last 6 months – not to mention a drop of -81.20% 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 26.24, with the RSI for the last a single of trading hit 21.16, and the three-weeks RSI is set at 29.71 for fuboTV Inc. [FUBO]. The present Moving Average for the last 50 days of trading for this stock 6.71, while it was recorded at 4.08 for the last single week of trading, and 18.36 for the last 200 days.

Insight into fuboTV Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and fuboTV Inc. [FUBO] shares currently have an operating margin of -56.30 and a Gross Margin at -7.80. fuboTV Inc.’s Net Margin is presently recorded at -59.97.

Return on Equity for this stock declined to -58.18, with Return on Assets sitting at -34.35.

fuboTV Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.30.

fuboTV Inc. [FUBO] Insider Position Details

There are presently around $218 million, or 37.10% of FUBO stock, in the hands of institutional investors. The top three institutional holders of FUBO stocks are: VANGUARD GROUP INC with ownership of 11,684,267, which is approximately 2.641% of the company’s market cap and around 1.60% of the total institutional ownership; BLACKROCK INC., holding 9,812,364 shares of the stock with an approximate value of $37.19 million in FUBO stocks shares; and MARSHALL WACE, LLP, currently with $12.85 million in FUBO stock with ownership of nearly 27.123% 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 136 institutional holders increased their position in fuboTV Inc. [NYSE:FUBO] by around 10,679,739 shares. Additionally, 109 investors decreased positions by around 12,149,450 shares, while 35 investors held positions by with 34,762,294 shares. The mentioned changes placed institutional holdings at 57,591,483 shares, according to the latest SEC report filing. FUBO stock had 53 new institutional investments in for a total of 2,042,790 shares, while 50 institutional investors sold positions of 7,368,579 shares during the same period.