fuboTV Inc (FUBO) stock price forecast predicts $5.29 value

A share price of fuboTV Inc [FUBO] is currently trading at $2.07, up 4.55%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FUBO shares have gain 35.29% over the last week, with a monthly amount glided 42.76%, 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 August 20, 2024, when Barrington Research reiterated its Mkt Perform rating. Previously, Seaport Research Partners downgraded its rating to Neutral on August 19, 2024. On July 05, 2024, Needham reiterated its Buy rating and revised its price target to $2 on the stock. Seaport Research Partners upgraded its rating to a Buy but stick to its price target of $2.50 on March 04, 2024. Cantor Fitzgerald initiated its recommendation with a Overweight and recommended $5 as its price target on December 12, 2023. In a note dated February 28, 2023, Evercore ISI downgraded an In-line rating on this stock and revised its target price from $6 to $3.

fuboTV Inc experienced fluctuations in its stock price throughout the past year between $1.10 and $3.82. Currently, Wall Street analysts expect the stock to reach $5.29 within the next 12 months. fuboTV Inc [NYSE: FUBO] shares were valued at $2.07 at the most recent close of the market. An investor can expect a potential return of 155.56% based on the average FUBO price forecast.

Analyzing the FUBO fundamentals

Trailing Twelve Months sales for fuboTV Inc [NYSE:FUBO] were 1.52B which represents 25.01% growth. Gross Profit Margin for this corporation currently stands at 0.07% with Operating Profit Margin at -0.17%, Pretax Profit Margin comes in at -0.16%, and Net Profit Margin reading is -0.15%. To continue investigating profitability, this company’s Return on Assets is posted at -0.21, Equity is -0.81 and Total Capital is -0.4. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.37.

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 1.99 points at the first support level, and at 1.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.15, and for the 2nd resistance point, it is at 2.23.

Ratios To Look Out For

To put it in perspective, the Current Ratio for fuboTV Inc [NYSE:FUBO] is 0.60. Also, the Quick Ratio is 0.60, while the Cash Ratio stands at 0.33. Considering the valuation of this stock, the price to sales ratio is 0.45, the price to book ratio is 2.55.

Transactions by insiders

Recent insider trading involved Glat Neil, Director, that happened on Aug 16 ’24 when 25000.0 shares were purchased. Chief Financial Officer, Janedis John completed a deal on Mar 04 ’24 to sell 18000.0 shares. Meanwhile, Chief Financial Officer Janedis John sold 30413.0 shares on Feb 23 ’24.

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