fuboTV Inc [FUBO] moved down 0.00: Why It’s Important

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fuboTV Inc [NYSE: FUBO] closed the trading session at $1.58. The company report on March 29, 2024 at 4:05 PM that Fubo Announces Inducement Grants Under NYSE Listing Rule 303A.08.

FuboTV Inc. (d/b/a Fubo) (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced that on March 26, 2024, the Compensation Committee of Fubo’s Board of Directors granted restricted stock unit awards covering an aggregate of 39,291 shares of its common stock to seven new employees to induce them to join Fubo. The awards were granted under Fubo’s 2023 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.

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The stocks have a year to date performance of -50.31 percent and weekly performance of 4.64 percent. The stock has been moved at -39.46 percent over the last six months. The stock has performed -23.67 percent around the most recent 30 days and changed -52.27 percent over the most recent 3-months.

If compared to the average trading volume of 11.54M shares, FUBO reached to a volume of 5988845 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 $2.98 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 2.33. 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 Buy, with their previous recommendation back on March 04, 2024. While these analysts kept the previous recommendation, Cantor Fitzgerald raised their target price to Overweight. The new note on the price target was released on December 12, 2023, representing the official price target for fuboTV Inc stock. On February 28, 2023, analysts decreased their price target for FUBO shares from 6 to 3.

The Average True Range (ATR) for fuboTV Inc is set at 0.12, with the Price to Sales ratio for FUBO stock in the period of the last 12 months amounting to 0.35. The Price to Book ratio for the last quarter was 1.60, with the Price to Cash per share for the same quarter was set at 0.82.

FUBO stock trade performance evaluation

fuboTV Inc [FUBO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.64. With this latest performance, FUBO shares dropped by -23.67% in over the last four-week period, additionally sinking by -39.46% over the last 6 months – not to mention a rise of 42.34% 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 40.60, with the RSI for the last a single of trading hit 45.05, and the three-weeks RSI is set at 39.21 for fuboTV Inc [FUBO]. The present Moving Average for the last 50 days of trading for this stock 1.9976, while it was recorded at 1.5520 for the last single week of trading, and 2.5127 for the last 200 days.

fuboTV Inc [FUBO]: An insightful look at the core fundamentals

fuboTV Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.75 and a Current Ratio set at 0.75.

Earnings per share (EPS) analysis for fuboTV Inc [FUBO] stock

With the latest financial reports released by the company, fuboTV Inc posted -0.37/share EPS, while the average EPS was predicted by analysts to be reported at -0.43/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 14.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FUBO.

fuboTV Inc [FUBO]: Institutional Ownership

The top three institutional holders of FUBO stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in FUBO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in FUBO stock with ownership which is approximately 5.8386%.

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