fuboTV Inc. [NYSE: FUBO] loss -6.43% on the last trading session, reaching $3.64 price per share at the time. The company report on August 19, 2022 that FuboTV Announces Inducement Grants Under NYSE Listing Rule 303A.08.
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FuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced that on August 16, 2022, the Compensation Committee of FuboTV’s Board of Directors granted restricted stock unit awards covering an aggregate of 40,283 shares of its common stock to five new non-executive employees to induce them to join FuboTV. The awards were granted under FuboTV’s 2022 Employment Inducement Equity Incentive Plan, and vest annually over a four-year period following their grant, subject to continued employment. The awards were granted as employment inducement awards pursuant to the New York Stock Exchange rules.
About FuboTVWith a mission to build the world’s leading global live TV streaming platform with the greatest breadth of premium content and interactivity, FuboTV Inc. (NYSE: FUBO) aims to transcend the industry’s current TV model. FuboTV Inc. operates in the U.S., Canada, France and Spain.
fuboTV Inc. represents 198.02 million in outstanding shares, while the company has a total market value of $720.79 million with the latest information. FUBO stock price has been found in the range of $3.59 to $3.9799.
If compared to the average trading volume of 15.96M shares, FUBO reached a trading volume of 11372565 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $9.83 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.
Wedbush have made an estimate for fuboTV Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 17, 2022. While these analysts kept the previous recommendation, ROTH Capital dropped their target price from $7.50 to $4.25. The new note on the price target was released on May 06, 2022, representing the official price target for fuboTV Inc. stock.
The Average True Range (ATR) for fuboTV Inc. is set at 0.56, with the Price to Sales ratio for FUBO stock in the period of the last 12 months amounting to 0.85. The Price to Book ratio for the last quarter was 1.10, with the Price to Cash per share for the same quarter was set at 1.89.
Trading performance analysis for FUBO stock
fuboTV Inc. [FUBO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.32. With this latest performance, FUBO shares gained by 42.75% in over the last four-week period, additionally sinking by -55.28% over the last 6 months – not to mention a drop of -86.08% 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 48.18, with the RSI for the last a single of trading hit 43.28, and the three-weeks RSI is set at 49.95 for fuboTV Inc. [FUBO]. The present Moving Average for the last 50 days of trading for this stock 3.17, while it was recorded at 3.92 for the last single week of trading, and 8.33 for the last 200 days.
fuboTV Inc. [FUBO]: A deeper dive into fundamental analysis
fuboTV Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.40.
An analysis of insider ownership at fuboTV Inc. [FUBO]
There are presently around $293 million, or 43.70% of FUBO stock, in the hands of institutional investors. The top three institutional holders of FUBO stocks are: VANGUARD GROUP INC with ownership of 16,098,743, which is approximately 27.551% of the company’s market cap and around 1.50% of the total institutional ownership; BLACKROCK INC., holding 15,256,083 shares of the stock with an approximate value of $55.53 million in FUBO stocks shares; and MARSHALL WACE, LLP, currently with $20.35 million in FUBO stock with ownership of nearly -12.033% 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 117 institutional holders increased their position in fuboTV Inc. [NYSE:FUBO] by around 22,609,021 shares. Additionally, 106 investors decreased positions by around 10,374,288 shares, while 38 investors held positions by with 47,390,857 shares. The mentioned changes placed institutional holdings at 80,374,166 shares, according to the latest SEC report filing. FUBO stock had 36 new institutional investments in for a total of 4,424,040 shares, while 46 institutional investors sold positions of 2,896,912 shares during the same period.