Market Analysts see fuboTV Inc. [FUBO] falling to $4.25. Time to buy?



fuboTV Inc. [NYSE: FUBO] price plunged by -21.12 percent to reach at -$0.87. The company report on May 5, 2022 that fuboTV Closed Q1 2022 with $236.7M Revenue, 1.056 Million Subscribers in North America.

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fuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced its financial results for the first quarter ended March 31, 2022.

fuboTV’s North American (U.S. and Canada) streaming business delivered a record $236.7 million in total revenue in the first quarter, an increase of 98% year-over-year. The company also delivered solid year-over-year growth in advertising revenue (up 81% to $22.8 million) and total paid subscribers (up 81% to 1,056,245). fuboTV states its key metrics on a year-over-year basis given the seasonality of sports content.

A sum of 35785927 shares traded at recent session while its average daily volume was at 12.66M shares. fuboTV Inc. shares reached a high of $3.54 and dropped to a low of $2.87 until finishing in the latest session at $3.25.

The one-year FUBO stock forecast points to a potential upside of 69.96. The average equity rating for FUBO stock is currently 2.10, trading closer to a bullish pattern in the stock market.

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 $10.82 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.

ROTH Capital have made an estimate for fuboTV Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 06, 2022. The new note on the price target was released on May 06, 2022, representing the official price target for fuboTV Inc. stock. Previously, the target price had yet another raise to $6, while Stephens analysts kept a Equal-Weight rating on FUBO stock. On February 24, 2022, analysts decreased their price target for FUBO shares from 28 to 12.

The Average True Range (ATR) for fuboTV Inc. is set at 0.58, with the Price to Sales ratio for FUBO stock in the period of the last 12 months amounting to 1.19. The Price to Book ratio for the last quarter was 0.71, with the Price to Cash per share for the same quarter was set at 1.60.

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 -14.25. With this latest performance, FUBO shares dropped by -47.67% in over the last four-week period, additionally sinking by -90.06% over the last 6 months – not to mention a drop of -81.15% 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 28.92, with the RSI for the last a single of trading hit 26.48, and the three-weeks RSI is set at 30.99 for fuboTV Inc. [FUBO]. The present Moving Average for the last 50 days of trading for this stock 6.27, while it was recorded at 4.09 for the last single week of trading, and 17.80 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 $185 million, or 30.70% 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 1.40% of the total institutional ownership; BLACKROCK INC., holding 9,812,364 shares of the stock with an approximate value of $31.89 million in FUBO stocks shares; and MARSHALL WACE, LLP, currently with $11.02 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 10,458,534 shares. Additionally, 108 investors decreased positions by around 12,980,542 shares, while 34 investors held positions by with 33,500,981 shares. The mentioned changes placed institutional holdings at 56,940,057 shares, according to the latest SEC report filing. FUBO stock had 52 new institutional investments in for a total of 1,888,535 shares, while 49 institutional investors sold positions of 7,462,716 shares during the same period.