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Sunday, December 3, 2023

Is fuboTV Inc (NYSE: FUBO) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for fuboTV Inc (FUBO) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.035, or -1.17%, to $2.965. The fuboTV Inc has recorded 334,501 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Fubo Exceeded Guidance in Q3 2023 With $313 Million Total Revenue, up 43% Year-Over-Year, and Record 1.477 Million Paid Subscribers in North America; Raises Full Year 2023 Outlook.

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Stocks Info

FUBO belongs to the Communication Services sector of the NYSE while operating in the Broadcasting industry. At the end of the last regular session, the stock closed at $3.00 and fluctuated between $3.1800 as its day high and $2.6500 as its day low. The current market capitalization of fuboTV Inc is $877.74M. A total of 59.6 million shares were traded on the day, compared to an average of 14.05M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, FUBO has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 10 BUYs and 3 SELLs from insiders. Insiders purchased 728,047 shares during that period but sold 192,556.

In the most recent transaction, Horihuela Alberto sold 78,564 shares of FUBO for 1.11 per share on Mar 24. After the transaction, the Chief Growth Officer now owns 1,360,718 company shares. In a previous transaction on Mar 22, Janedis John bought 8,000 shares at 1.22 per share. FUBO shares that Chief Financial Officer owns now total 18,000.

Among the insiders who sold shares, Horihuela Alberto disposed of 61,237 shares on Nov 25 at a per-share price of $2.74. This resulted in the Chief Growth Officer holding 1,252,615 shares of FUBO after the transaction.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for FUBO in the last 3 months, the mean price target is $3.65 with high estimates of $5.00 and low estimates of $3.00. In terms of 52-week highs and lows, FUBO has a high of $3.88 and a low of $0.96.

As of this writing, FUBO has an earnings estimate of $FUBON SECURITIES INVSTMT TRUST per share for the current quarter. EPS was calculated based on a consensus of fuboTV Inc. estimates, with a high estimate of $FUBON ASSET MANAGEMENT CO LTD T per share and a lower estimate of $FUBON ASSET MANAGEMENT CO LTD F.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. FUBO’s latest balance sheet shows that the firm has $374.29M in Cash & Short Term Investments as of fiscal 2021. There were $363.90M in debt and $337.30M in liabilities at the time. Its Book Value Per Share was $1.18, while its Total Shareholder’s Equity was $670.88M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FUBO is Buy with a score of 3.13.

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