fuboTV Inc. (NYSE: FUBO) stock has been battered severely in recent months. It reached its all-time high (ATH) in February last year, but its momentum spike was quickly digested. While it has been trading within a tight range throughout most of 2021, its momentum started to turn extremely bearish from November.
Full Answer
Should investors worry about FuboTV (Fubo) stock right now?
Investors need to pay close attention to fuboTV (FUBO) stock based on the movements in the options market lately. Although there were several bullish attempts through 2021,fuboTV Inc. (NYSE: FUBO) is ending the year on a low note.
How much did Fubo raise in its IPO?
(FUBO) raised $150 million in an initial public offering (IPO) on Thursday, October 8th 2020. The company issued 15,000,000 shares at a price of $9.00-$11.00 per share.
What is the revenue guidance for Fubo?
The company provided EPS guidance of for the period. The company issued revenue guidance of $622 million-$627 million, compared to the consensus revenue estimate of $618.79 million. What price target have analysts set for FUBO?
Is $Fubo consolidating at $25?
$FUBO consolidating. Price target at $25 consolidation occur at $15.50-$17.60 before exploding to the upside. $FUBO - Watch for calls above 18 - Daily bouncing from demand zone - Falling wedge breakout & retest - Daily inside bar
Why has FUBO stock dropped so much?
FuboTV said the decline was “consistent with normal seasonal trends” in the business. The lowered forecast drove the stock down 17% to $3.38 on Friday. It didn't help that the company posted a first-quarter earnings miss. FuboTV reported a loss of 89 cents a share, wider than consensus calls for a loss of 64 cents.
Will FUBO stock go back up?
The 8 analysts offering 12-month price forecasts for Fubotv Inc have a median target of 6.00, with a high estimate of 20.00 and a low estimate of 3.00. The median estimate represents a +80.18% increase from the last price of 3.33.
Is FUBO a buy or sell?
fuboTV has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 2 buy ratings, 5 hold ratings, and 1 sell rating.
How much of FUBO is shorted?
fuboTV currently has a short interest ratio of 3.0.
Is fuboTV going out of business?
The Good With FUBO Stock If you look at Fubo's stock chart, it seems like the company is going out of business. Yet this is not the case. In fact, the company continues adding subscribers while converting it to new revenue. Furthermore, FuboTV is in a growing niche focusing on sports streaming content.
Is FUBO undervalued?
Fubotv Inc shows a prevailing Real Value of $11.22 per share. The current price of the firm is $3.34. At this time, the firm appears to be undervalued....USD 3.34 0.14 4.02%LowEstimated ValueHigh0.193.7810.97
Is FUBO stock a good buy Zacks?
Zacks' proprietary data indicates that fuboTV Inc. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the FUBO shares relative to the market in the next few months.
Is AMD a buy Zacks?
It's calculated as earnings divided by price. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
Will Riot stock go up?
The 9 analysts offering 12-month price forecasts for Riot Blockchain Inc have a median target of 20.00, with a high estimate of 42.00 and a low estimate of 15.00. The median estimate represents a +222.32% increase from the last price of 6.21.
What company owns FuboTV?
FuboTVfuboTV / Parent organizationOn March 23, 2020, fuboTV was acquired by FaceBank Group, a publicly listed virtual entertainment technology company founded by media technology entrepreneur John Textor.
Is FUBO a meme stock?
One of the more intriguing of the meme stocks from 2021 was FuboTV (NYSE: FUBO).
Is FUBO stock heavily shorted?
FuboTV is the next of our most-shorted stocks to buy. Bears currently wagering against the streaming sports-centric platform comprise a hefty 18% of FUBO stock's float. FUBO is another name that investors betting on the under in 2021 have largely cleaned up. Today, shares are more than 50% beneath their January high.
Is fuboTV a buy right now?
8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for fuboTV in the last twelve months. There are currently 1...
When is fuboTV's next earnings date?
fuboTV is scheduled to release its next quarterly earnings announcement on Tuesday, August 9th 2022. View our earnings forecast for fuboTV .
How were fuboTV's earnings last quarter?
fuboTV Inc. (NYSE:FUBO) released its quarterly earnings data on Tuesday, August, 10th. The company reported ($0.38) earnings per share for the quar...
What guidance has fuboTV issued on next quarter's earnings?
fuboTV issued an update on its FY 2022 earnings guidance on Monday, May, 23rd. The company provided earnings per share guidance of for the period....
What price target have analysts set for FUBO?
8 brokerages have issued 12-month target prices for fuboTV's stock. Their forecasts range from $4.25 to $32.00. On average, they expect fuboTV's st...
Who are fuboTV's key executives?
fuboTV's management team includes the following people: Mr. Edgar Miles Bronfman Jr. , Exec. Chairman (Age 67, Pay $84.1k) Mr. David Gandler ,...
Who are some of fuboTV's key competitors?
Some companies that are related to fuboTV include Sports Ventures Acquisition (AKIC) , Genius Brands International (GNUS) , Gaia (GAIA) , Curio...
When did fuboTV IPO?
(FUBO) raised $150 million in an IPO on Thursday, October 8th 2020. The company issued 15,000,000 shares at a price of $9.00-$11.00 per share. Ever...
What is fuboTV's stock symbol?
fuboTV trades on the New York Stock Exchange (NYSE) under the ticker symbol "FUBO."
What is Fubo TV?
operates as a digital entertainment company. It focuses on offering consumers a live television (TV) streaming platform for sports, news and entertainment through fuboTV. The company was founded by David Gandler, Alberto Horihuela Suarez and Sung Ho Choi on February 20, 2009 and is headquartered in New York, NY.
Where is FuboTV headquartered?
The company was founded by David Gandler, Alberto Horihuela Suarez and Sung Ho Choi on February 20, 2009 and is headquartered in New York, NY.
When will hedge funds return?
Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the fourth quarter of 2019.
Is FuboTV on fire?
FuboTV Is on Fire After a Strong Q2 Earnings Report. One of the most interesting things about fuboTV (NYSE:FUBO) stock is the company’s plans for its sportsbook. The project could be revolutionary, as it combines streaming services with online gaming. Naturally, FUBO stock stands to benefit from this move.
What Is Up With FuboTV
First, let’s look carefully at the recent earnings and shareholder letter from FuboTV. The company posted $156.7 million in revenue for the quarter, up 156% year-over-year (YOY). It is also up 19.7% sequentially over Q2 total revenue of $130.9 million.
Where This Leaves FuboTV Stock
The bottom line is that the company is spending a lot of money, or what it calls “strategic investments” in “programming, team, technology, and infrastructure.”
What To Do With FUBO Stock
As it stands, eight analysts surveyed by Seeking Alpha have an average revenue target of $1.06 billion for 2022. This puts FUBO stock on a forward price-sales (P/S) target metric of 2.8 times. In addition, their average price target is $45.71 per share — or more than 117% higher than today’s price of $21 per share.
The sports streaming channel had both good news and bad news for investors
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
1. fuboTV is operating at a loss on the bottom line
On the positive side, fuboTV saw revenue jump 156% to $157 million in the latest quarter over the year-ago period. No doubt, that's impressive growth. However, where investors are raising concern is the cost of that growth.
2. fuboTV's net losses are diluting shareholders
To sustain those losses, fuboTV is tapping capital markets and raising money. In the most recent nine months ended Sept. 30, the company raised $389.5 million in cash by selling convertible notes. Additionally, it has raised $71.8 million by selling shares of its stock to the public.
What is the fundamental rank of Fubo?
FUBO has a Fundamental Rank of 68. Find out what this means to you and get the rest of the rankings on FUBO! FuboTV Inc is a sports-first, live TV streaming company, offering subscribers access to tens of thousands of live sporting events annually as well as news and entertainment content.
What states does Fubo Sportsbook operate in?
Fubo's gaming agreement with Cordish is significant as it will bring Fubo Sportsbook to a minimum of four states following previously announced market access agreements in New Jersey and Indiana (through Caesars Entertainment, Inc.) and Iowa (through Casino Queen).
