fuboTV Inc [FUBO] stock prices are up 7.52% to $1.43 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The FUBO shares have gain 15.32% over the last week, with a monthly amount glided 19.17%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
fuboTV Inc [NYSE: FUBO] stock has seen the most recent analyst activity on July 05, 2024, when Needham reiterated its Buy rating and also revised its price target to $2 from $3. Previously, Seaport Research Partners upgraded its rating to Buy on March 04, 2024, and kept the price target unchanged to $2.50. On December 12, 2023, Cantor Fitzgerald initiated with a Overweight rating and assigned a price target of $5 on the stock. Seaport Research Partners started tracking the stock assigning a Neutral rating. Evercore ISI downgraded its rating to a In-line and reduced its price target to $3 on February 28, 2023. Wedbush upgraded its rating to Outperform for this stock on September 23, 2022, but kept the price target unchanged to $6. In a note dated August 17, 2022, Wedbush downgraded an Neutral rating on this stock and boosted its target price from $5 to $6.
The stock price of fuboTV Inc [FUBO] has been fluctuating between $1.10 and $3.87 over the past year. Currently, Wall Street analysts expect the stock to reach $5.68 within the next 12 months. fuboTV Inc [NYSE: FUBO] shares were valued at $1.43 at the most recent close of the market. An investor can expect a potential return of 297.2% based on the average FUBO price forecast.
Analyzing the FUBO fundamentals
The fuboTV Inc [NYSE:FUBO] reported sales of 1.45B for trailing twelve months, representing a surge of 24.04%. Gross Profit Margin for this corporation currently stands at 0.06% with Operating Profit Margin at -0.19%, Pretax Profit Margin comes in at -0.18%, and Net Profit Margin reading is -0.18%. To continue investigating profitability, this company’s Return on Assets is posted at -0.23, Equity is -0.8 and Total Capital is -0.41. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.58.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.3367 points at the first support level, and at 1.2433 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.4967, and for the 2nd resistance point, it is at 1.5633.
Ratios To Look Out For
It’s worth pointing out that fuboTV Inc [NYSE:FUBO]’s Current Ratio is 0.63. Further, the Quick Ratio stands at 0.63, while the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 0.30, the price to book ratio is 1.73.
Transactions by insiders
Recent insider trading involved Janedis John, Chief Financial Officer, that happened on Mar 04 ’24 when 18000.0 shares were sold. Chief Financial Officer, Janedis John completed a deal on Feb 23 ’24 to sell 30413.0 shares. Meanwhile, Chief Financial Officer Janedis John sold 22342.0 shares on Feb 22 ’24.
