fuboTV Inc. [NYSE: FUBO] traded at a low on 07/25/22, posting a -2.73 loss after which it closed the day’ session at $2.49. The company report on July 19, 2022 that STACKTV’S SUITE OF HIT SHOWS AND MOVIES NOW AVAILABLE ON FUBOTV.
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The results of the trading session contributed to over 11323253 shares changing hands. Over the past one week, the price volatility of fuboTV Inc. stands at 9.19% while the volatility over the past one month is 9.26%.
The market cap for FUBO stock reached $502.28 million, with 201.72 million shares outstanding and 145.67 million shares in the current float. Compared to the average trading volume of 12.95M shares, FUBO reached a trading volume of 11323253 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 $9.21 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 2.40. 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 0.24, with the Price to Sales ratio for FUBO stock in the period of the last 12 months amounting to 0.66. The Price to Book ratio for the last quarter was 0.56, with the Price to Cash per share for the same quarter was set at 2.24.
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 -1.19. With this latest performance, FUBO shares dropped by -12.94% in over the last four-week period, additionally sinking by -75.61% over the last 6 months – not to mention a drop of -90.68% 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 42.19, with the RSI for the last a single of trading hit 41.24, and the three-weeks RSI is set at 41.53 for fuboTV Inc. [FUBO]. The present Moving Average for the last 50 days of trading for this stock 2.91, while it was recorded at 2.69 for the last single week of trading, and 11.45 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 -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 1.60 and a Current Ratio set at 1.60.
Insider trade positions for fuboTV Inc. [FUBO]
There are presently around $171 million, or 37.60% of FUBO stock, in the hands of institutional investors. The top three institutional holders of FUBO stocks are: VANGUARD GROUP INC with ownership of 12,621,424, which is approximately 8.021% of the company’s market cap and around 1.50% of the total institutional ownership; BLACKROCK INC., holding 10,266,847 shares of the stock with an approximate value of $25.56 million in FUBO stocks shares; and MARSHALL WACE, LLP, currently with $15.82 million in FUBO stock with ownership of nearly 87.385% 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 123 institutional holders increased their position in fuboTV Inc. [NYSE:FUBO] by around 21,481,386 shares. Additionally, 122 investors decreased positions by around 10,962,825 shares, while 34 investors held positions by with 36,031,593 shares. The mentioned changes placed institutional holdings at 68,475,804 shares, according to the latest SEC report filing. FUBO stock had 49 new institutional investments in for a total of 10,448,316 shares, while 51 institutional investors sold positions of 2,625,691 shares during the same period.