Is fuboTV Inc (FUBO) Stock a Good Buy for Short-term Investors?

fuboTV Inc [FUBO] stock is trading at $1.41, down -1.40%. 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 2.17% over the last week, with a monthly amount drifted -15.06%, and not 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 [FUBO] stock has fluctuated between $1.10 and $3.82 over the past year. Currently, Wall Street analysts expect the stock to reach $5.29 within the next 12 months. fuboTV Inc [NYSE: FUBO] shares were valued at $1.41 at the most recent close of the market. An investor can expect a potential return of 275.18% based on the average FUBO price forecast.

Analyzing the FUBO fundamentals

fuboTV Inc [NYSE:FUBO] reported sales of 1.52B for the trailing twelve months, which represents a growth of 25.01%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.37.

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 1.3813 points at the first support level, and at 1.3527 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.4473, and for the 2nd resistance point, it is at 1.4847.

Ratios To Look Out For

For context, fuboTV Inc’s Current Ratio is 0.60. Further, the Quick Ratio stands at 0.60, while the Cash Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 0.30, the price to book ratio is 1.74.

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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