why is fubo stock dropping

Despite triple digit year-over-year revenue growth driven by an influx of paid subscribers, fuboTV (NYSE: FUBO) is piling on the losses. While management explains that these losses are driven by heavy investments in new product specifically related to sports wagering, the company's stock has declined 41% since Jan. 1.

Full Answer

Is Fubo stock a solid long term investment?

Mar 04, 2021 · Streaming television service fuboTV ( FUBO -10.93% ) announced quarterly earnings Tuesday afternoon, and the stock has dropped almost 25% since. Wednesday's slide has continued today, as shares ...

Should you buy Fubo stock?

Mar 30, 2022 · Fubo Stock Forecast: Why is Fubo Stock Dropping. The reason of stock losing 80% of value from its last year peak, the company is still losing money. Unprofitable businesses appear to be the last choice of investors. Despite the revenue growth Fubo is losing money quarter by quarter.

Is Fubo having problems?

Mar 26, 2021 · The drop in Fubo shares since mid-February coincides with the drop in the Nasdaq composite from its recent highs. But while the Nasdaq is down about 7% since that time, fuboTV shares are off more ...

Did Fubo drop lifetime?

Apr 08, 2022 · In the past three months, fuboTV insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,220,592.00 in company stock. Percentage Held by Insiders. 13.20% of the stock of fuboTV is held by insiders. A high percentage of insider ownership can be a sign of company health.

Why did FuboTV stock drop?

Shares of fuboTV Inc. were off nearly 5% in after-hours trading Wednesday after the streaming company delivered revenue ahead of what it had been expecting when it delivered preliminary results a month earlier but also issued a mixed outlook.Feb 23, 2022

Will FUBO stock go up?

Stock Price Forecast The 8 analysts offering 12-month price forecasts for Fubotv Inc have a median target of 15.00, with a high estimate of 20.00 and a low estimate of 9.00. The median estimate represents a +163.16% increase from the last price of 5.70.

Is FUBO undervalued?

Is FuboTV Inc Stock Undervalued? The current FuboTV Inc [FUBO] share price is $5.86. The Score for FUBO is 24, which is 52% below its historic median score of 50, and infers higher risk than normal. FUBO is currently trading in the 20-30% percentile range relative to its historical Stock Score levels.

Is FUBO a buy or sell?

During the day the stock fluctuated 10.28% from a day low at $5.64 to a day high of $6.22. The price has fallen in 8 of the last 10 days and is down by -25.39% for this period....Predicted Opening Price for fuboTV Inc. of Wednesday, April 13, 2022.Fair opening price April 13, 2022Current price$5.84$5.67 (Undervalued)

Will FuboTV recover?

Given the value compression and normalization of growth in the streaming space, we don't think FUBO stock will recover meaningfully in 2022. Instead, it should probably do what it does best in the near term: staying highly volatile with unpredictable movement, with no clear trend bias.Feb 28, 2022

Is FUBO stock overvalued?

Not being able to make a profit out of its core operations is an important red flag for any company. Data from Simply Wall Street shows that FUBO stock is overvalued based on its PB Ratio (4.7x) compared to the U.S. Interactive Media and Services industry average (3.3x).Dec 1, 2021

What is fair value of FUBO stock?

The DCF Value of one NYSE:FUBO stock under the Base Scenario is 18.84 USD .

Is Apple a buy or sell?

The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.93%2Buy18.44%3Hold9.99%4Sell5.61%2 more rows

How much is FUBO monthly?

FuboTV review: Pricing FuboTV offers a free, seven-day trial of its default Starter plan, which costs $64.99 a month for over 120 channels, 250 hours of Cloud DVR storage and three simultaneous streams. The Ultra plan costs $84.99 and adds the Fubo Extra and Sports Plus packages on top of the Family plan.Mar 16, 2022

What is Hulu stock?

Since Hulu isn't a publicly-traded company, there is no Hulu stock symbol. That said, because Hulu is owned by Disney (DIS) and Comcast (CMCSA), you can look those tickers up on your broker's website if you want to check out how those two companies are performing.Mar 10, 2022

A sportsbook deal announced today didn't overcome news of coming competition

Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years.

What happened

Streaming television service fuboTV ( NYSE:FUBO) announced quarterly earnings Tuesday afternoon, and the stock has dropped almost 25% since. Wednesday's slide has continued today, as shares are down over 6% as of 3:50 p.m. EST.

So what

It's not that earnings were bad. The company reported its first fiscal quarter of revenue greater than $100 million. And the fourth quarter capped off a year where total revenue grew 83%, and paid subscribers reached almost 550,000. That represented 73% growth in a year.

Now what

The new agreement through Caesars expands fuboTV's plans for a sportsbook launch to three states in the fourth quarter of this year. Much investor enthusiasm for the stock has been based on the company's plans to combine streaming TV with sports betting.

How much is FuboTV losing in 2020?

The losses are big. FuboTV reported a net loss of $570 million for 2020. That figure included one-time impairment charges totaling $249 million, but even backing out those charges leaves the company with a gigantic net loss.

How much is FuboTV worth?

And FuboTV's penchant for meaningless profitability metrics is, in my mind, a big red flag. FuboTV is still worth around $3 billion, or more than 6 times expected 2021 revenue.

Is FuboTV a streaming service?

FuboTV is aiming to leverage its streaming platform to drive sports betting revenue. The company is planning free-to-play predictive games for the third quarter of this year and the launch of its sportsbook in the fourth quarter. Full integration with its streaming platform will come later.

Is FuboTV a gambling channel?

FuboTV already has users on its platform, but it's unclear how many of those users are interested in gambling. Sports gambling could become a nice revenue stream for FuboTV, but the company's losses are so big that it may not make much of a difference.

Is sports betting legal in New York?

Sports gambling is gaining traction as states legalize online sports betting. New York legalized mobile sports betting earlier this month, for example, although only two companies will be allowed to operate platforms via a bidding process.

Is fuboTV a buy right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for fuboTV in the last year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" fuboTV stock.#N#View analyst ratings for fuboTV or view top-rated stocks.

What stocks does MarketBeat like better than fuboTV?

Wall Street analysts have given fuboTV a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but fuboTV wasn't one of them.

When is fuboTV's next earnings date?

fuboTV is scheduled to release its next quarterly earnings announcement on Tuesday, November 9th 2021.#N#View our earnings forecast for fuboTV.

How were fuboTV's earnings last quarter?

fuboTV Inc. (NYSE:FUBO) released its earnings results on Tuesday, August, 10th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.49) by $0.11. The firm had revenue of $130.90 million for the quarter, compared to the consensus estimate of $121.43 million.

What guidance has fuboTV issued on next quarter's earnings?

fuboTV issued an update on its FY 2021 earnings guidance on Tuesday, September, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $560 million-$570 million, compared to the consensus revenue estimate of $531.68 million.

What price target have analysts set for FUBO?

8 analysts have issued twelve-month price objectives for fuboTV's shares. Their forecasts range from $28.00 to $60.00. On average, they anticipate fuboTV's stock price to reach $39.75 in the next twelve months.

Who are some of fuboTV's key competitors?

Some companies that are related to fuboTV include World Wrestling Entertainment (WWE), Entertainment One (ENTMF), CuriosityStream (CURI), Genius Brands International (GNUS), Gaia (GAIA), Entrepreneur Universe Bright Group (EUBG), Empire Post Media (EMPM), Qian Yuan Baixing (QYBX), Instructivision (ISTC), Ise Blu Equity (ISBL), National Lampoon (NLMP), Seven Arts Entertainment (SAPX) and The Kushner-Locke (KLOC).#N#View all of FUBO's competitors..

After a sharp rise, the shares are coming back down to earth

Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years.

What happened

Shares of fuboTV ( NYSE:FUBO) continued their late-December slide Friday morning, falling by about 11% as of 11:40 a.m. EST. That brought the stock's decline since Dec. 22 to more than 50%.

So what

To keep it in perspective, the stock had climbed by more than 400% after its debut as a public company in October, and the steepest portion of that climb took place in the seven days before this plunge began. Those gains spurred two recent short-seller reports asserting that fuboTV shares should be trading at $10 or less.

Now what

The latest short-seller report from Kerrisdale Capital broke down what it believes are flaws in the company's business model. It also addressed a recent acquisition that has sparked more investor interest in the company.

The Economics Aren't Great

The Losses Are Big

• FuboTV reported a net loss of $570 million for 2020. That figure included one-time impairment charges totaling $249 million, but even backing out those charges leaves the company with a gigantic net loss. Given that subscriber costs will rise right along with subscription revenue, profits will likely be hard to come by. FuboTV does report a profita...

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