Which analyst expects fuboTV Inc. (FUBO) to perform well in the near future?

In the latest session, fuboTV Inc. (NYSE: FUBO) closed at $2.26 down -3.00% from its previous closing price of $2.33. In other words, the price has decreased by -$0.0700 from its previous closing price. On the day, 6065128 shares were traded. FUBO stock price reached its highest trading level at $2.4300 during the session, while it also had its lowest trading level at $2.2250.

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Ratios:

For a deeper understanding of fuboTV Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 1.10. In the meantime, Its Debt-to-Equity ratio is 0.85 whereas as Long-Term Debt/Eq ratio is at 0.83.

Upgrades & Downgrades

On August 17, 2022, Wedbush Downgraded its rating to Neutral which previously was Outperform and also upped its target price recommendation from $5 to $6.

ROTH Capital Downgraded its Buy to Neutral on May 06, 2022, whereas the target price for the stock was revised from $7.50 to $4.25.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 25 when Horihuela Alberto sold 61,237 shares for $2.74 per share. The transaction valued at 167,789 led to the insider holds 1,252,615 shares of the business.

Janedis John bought 7,000 shares of FUBO for $20,580 on May 09. The Chief Financial Officer now owns 10,000 shares after completing the transaction at $2.94 per share. On May 09, another insider, Gandler David, who serves as the Chief Executive Officer of the company, bought 46,000 shares for $2.98 each. As a result, the insider paid 137,075 and bolstered with 1,322,564 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.42 while its Price-to-Book (P/B) ratio in mrq is 0.89.

Stock Price History:

Over the past 52 weeks, FUBO has reached a high of $11.89, while it has fallen to a 52-week low of $1.61. The 50-Day Moving Average of the stock is 2.3882, while the 200-Day Moving Average is calculated to be 3.3453.

Shares Statistics:

For the past three months, FUBO has traded an average of 9.88M shares per day and 12.97M over the past ten days. A total of 195.32M shares are outstanding, with a floating share count of 179.35M. Insiders hold about 0.60% of the company’s shares, while institutions hold 38.30% stake in the company. Shares short for FUBO as of Oct 13, 2022 were 44.57M with a Short Ratio of 44.87M, compared to 47.07M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 24.06% and a Short% of Float of 25.20%.

Earnings Estimates

There are 7 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.74 for the current quarter, with a high estimate of -$0.7 and a low estimate of -$0.8, while EPS last year was -$0.74. The consensus estimate for the next quarter is -$0.72, with high estimates of -$0.56 and low estimates of -$0.81.

Analysts are recommending an EPS of between -$2.73 and -$3.13 for the fiscal current year, implying an average EPS of -$2.95. EPS for the following year is -$2.16, with 7 analysts recommending between -$1.75 and -$2.76.

Revenue Estimates

A total of 8 analysts believe the company’s revenue will be $212.1M this quarter.It ranges from a high estimate of $216.22M to a low estimate of $207.36M. As of the current estimate, fuboTV Inc.’s year-ago sales were $143.55M, an estimated increase of 47.80% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $273.56M, an increase of 18.40% less than the figure of $47.80% in the same quarter last year. There is a high estimate of $282M for the next quarter, whereas the lowest estimate is $266.8M.

A total of 8 analysts have provided revenue estimates for FUBO’s current fiscal year. The highest revenue estimate was $961.2M, while the lowest revenue estimate was $939.9M, resulting in an average revenue estimate of $949.72M. In the same quarter a year ago, actual revenue was $638.35M, up 48.80% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $1.26B in the next fiscal year. The high estimate is $1.38B and the low estimate is $1.17B. The average revenue growth estimate for next year is up 32.40% from the average revenue estimate for this year.