fuboTV Inc [NYSE: FUBO] closed the trading session at $2.56 on 11/10/23. The day’s price range saw the stock hit a low of $2.43, while the highest price level was $2.62. The company report on November 3, 2023 at 7:30 AM that Fubo Exceeded Guidance in Q3 2023 With $313 Million Total Revenue, up 43% Year-Over-Year, and Record 1.477 Million Paid Subscribers in North America; Raises Full Year 2023 Outlook.
FuboTV Inc. (d/b/a/ Fubo) (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced its financial results for the third quarter ended September 30, 2023. The Company also raised its previously stated full year 2023 guidance for North America.
Fubo achieved double digit growth versus the prior year in North America, delivering $313 million total revenue (up 43% year-over-year) and a record 1.477 million paid subscribers (up 20% year-over-year), meaningfully exceeding third quarter 2023 guidance. The Company delivered $30.3 million in North America ad revenue during the quarter, an increase of 34% year-over-year.
The stocks have a year to date performance of 47.13 percent and weekly performance of -14.67 percent. The stock has been moved at 48.84 percent over the last six months. The stock has performed 7.56 percent around the most recent 30 days and changed 4.92 percent over the most recent 3-months.
If compared to the average trading volume of 13.31M shares, FUBO reached to a volume of 16544934 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $3.65 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 2.78. 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.
Seaport Research Partners have made an estimate for fuboTV Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 06, 2023.
The Average True Range (ATR) for fuboTV Inc is set at 0.22, with the Price to Sales ratio for FUBO stock in the period of the last 12 months amounting to 0.59. The Price to Book ratio for the last quarter was 2.17, with the Price to Cash per share for the same quarter was set at 0.89.
FUBO stock trade performance evaluation
fuboTV Inc [FUBO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.67. With this latest performance, FUBO shares gained by 7.56% in over the last four-week period, additionally plugging by 48.84% over the last 6 months – not to mention a drop of -10.80% 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 48.96, with the RSI for the last a single of trading hit 46.42, and the three-weeks RSI is set at 49.85 for fuboTV Inc [FUBO]. The present Moving Average for the last 50 days of trading for this stock 2.58, while it was recorded at 2.81 for the last single week of trading, and 2.11 for the last 200 days.
fuboTV Inc [FUBO]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and fuboTV Inc [FUBO] shares currently have an operating margin of -40.83 and a Gross Margin at -8.02. fuboTV Inc’s Net Margin is presently recorded at -42.09.
Return on Total Capital for FUBO is now -43.79, given the latest momentum, and Return on Invested Capital for the company is -45.19. Return on Equity for this stock declined to -77.52, with Return on Assets sitting at -32.08. When it comes to the capital structure of this company, fuboTV Inc [FUBO] has a Total Debt to Total Equity ratio set at 107.13. Additionally, FUBO Total Debt to Total Capital is recorded at 51.72, with Total Debt to Total Assets ending up at 34.65. Long-Term Debt to Equity for the company is recorded at 104.84, with the Long-Term Debt to Total Capital now at 50.62.
Reflecting on the efficiency of the workforce at the company, fuboTV Inc [FUBO] managed to generate an average of -$832,555 per employee. Receivables Turnover for the company is 25.76 with a Total Asset Turnover recorded at a value of 0.76.fuboTV Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.84 and a Current Ratio set at 0.84.
fuboTV Inc [FUBO]: Institutional Ownership
The top three institutional holders of FUBO stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in FUBO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in FUBO stock with ownership which is approximately 5.7994%.