fuboTV Inc (NYSE: FUBO)’s stock price has dropped by -4.49 in relation to previous closing price of 1.78. Nevertheless, the company has seen a gain of 5.59% in its stock price over the last five trading days. businesswire.com reported 2024-12-02 that NEW YORK–(BUSINESS WIRE)–FuboTV Inc. (d/b/a Fubo) (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced that on November 25, 2024, the Compensation Committee of Fubo’s Board of Directors granted restricted stock unit awards covering an aggregate of 32,269 shares of its common stock to six new employees to induce them to join Fubo. The awards were granted under Fubo’s 2024 Employment Inducement Equity Incentive Plan, and vest annually over a four-year period follow.
Is It Worth Investing in fuboTV Inc (NYSE: FUBO) Right Now?
Company’s 36-month beta value is 1.74.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for FUBO is 319.64M, and currently, short sellers hold a 11.32% ratio of that floaft. The average trading volume of FUBO on December 09, 2024 was 10.02M shares.
FUBO’s Market Performance
FUBO stock saw an increase of 5.59% in the past week, with a monthly gain of 20.57% and a quarterly increase of 2.41%. The volatility ratio for the week is 8.17%, and the volatility levels for the last 30 days are 7.76% for fuboTV Inc (FUBO). The simple moving average for the past 20 days is 9.68% for FUBO’s stock, with a 14.56% simple moving average for the past 200 days.
Analysts’ Opinion of FUBO
Needham gave a rating of “Buy” to FUBO, setting the target price at $2 in the report published on July 05th of the current year.
FUBO Trading at 9.82% from the 50-Day Moving Average
After a stumble in the market that brought FUBO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.44% of loss for the given period.
Volatility was left at 7.76%, however, over the last 30 days, the volatility rate increased by 8.17%, as shares surge +18.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.72% upper at present.
During the last 5 trading sessions, FUBO rose by +5.59%, which changed the moving average for the period of 200-days by -8.60% in comparison to the 20-day moving average, which settled at $1.5500. In addition, fuboTV Inc saw -46.54% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FUBO starting from Janedis John, who sale 76,766 shares at the price of $1.50 back on Nov 22 ’24. After this action, Janedis John now owns 0 shares of fuboTV Inc, valued at $115,149 using the latest closing price.
Janedis John, the Chief Financial Officer of fuboTV Inc, sale 74,326 shares at $1.47 during a trade that took place back on Nov 21 ’24, which means that Janedis John is holding 76,766 shares at $109,259 based on the most recent closing price.
Stock Fundamentals for FUBO
Current profitability levels for the company are sitting at:
- -0.14 for the present operating margin
- 0.09 for the gross margin
The net margin for fuboTV Inc stands at -0.13. The total capital return value is set at -0.38. Equity return is now at value -71.01, with -17.74 for asset returns.
Based on fuboTV Inc (FUBO), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at -0.28. The debt to equity ratio resting at 1.47. The interest coverage ratio of the stock is -11.37.
Currently, EBITDA for the company is -238.07 million with net debt to EBITDA at -1.6. When we switch over and look at the enterprise to sales, we see a ratio of 0.5. The receivables turnover for the company is 20.68for trailing twelve months and the total asset turnover is 1.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.54.
Conclusion
In a nutshell, fuboTV Inc (FUBO) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
