fuboTV Inc (NYSE: FUBO) stock jumped 9.66% on Friday to $3.18 against a previous-day closing price of $2.90. With 14.8 million shares changed hands, the volume of the stock remained heavier than its average volume of 13.4 million shares. During the session, the Broadcasting company that operates in wider Communication Services sector, reached to the highest price of $3.1900 whereas the lowest price it dropped to was $2.9411. The 52-week range on FUBO shows that it touched its highest point at $3.87 and its lowest point at $0.96 during that stretch. It currently has a 1-year price target of $3.65. Beta for the stock currently stands at 2.28.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FUBO was up-trending over the past week, with a rise of 24.22%, but this was up by 31.40% over a month. Three-month performance surged to 53.62% while six-month performance rose 78.65%. The stock lost -0.93% in the past year, while it has gained 82.76% so far this year. A look at the trailing 12-month EPS for FUBO yields -1.32 with Next year EPS estimates of -0.78. For the next quarter, that number is -0.31. This implies an EPS growth rate of 64.34% for this year and 28.78% for next year.
Float and Shares Shorts:
At present, 292.81 million FUBO shares are outstanding with a float of 281.28 million shares on hand for trading. On Oct 30, 2023, short shares totaled 51.48 million, which was 17.58% higher than short shares on Sep 28, 2023. In addition to Mr. Edgar Miles Bronfman Jr. as the firm’s Executive Chairman, Mr. David Gandler serves as its Co-Founder, CEO & Director.
Institutional Ownership:
Through their ownership of 32.55% of FUBO’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.95% of FUBO, in contrast to 18.45% held by mutual funds. Shares owned by individuals account for 18.39%. As the largest shareholder in FUBO with 7.47% of the stake, The Vanguard Group, Inc. holds 21,849,860 shares worth 21,849,860. A second-largest stockholder of FUBO, BlackRock Fund Advisors, holds 21,104,032 shares, controlling over 7.21% of the firm’s shares. Marshall Wace LLP is the third largest shareholder in FUBO, holding 6,546,971 shares or 2.24% stake. With a 3.18% stake in FUBO, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 9,311,740 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 2.23% of FUBO stock, is the second-largest Mutual Fund holder. It holds 6,534,577 shares valued at 15.81 million. Vanguard Extended Market Index Fu holds 1.44% of the stake in FUBO, owning 4,219,012 shares worth 10.21 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FUBO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FUBO analysts setting a high price target of $5.00 and a low target of $3.00, the average target price over the next 12 months is $3.65. Based on these targets, FUBO could surge 57.23% to reach the target high and fall by -5.66% to reach the target low. Reaching the average price target will result in a growth of 14.78% from current levels.
Summary of Insider Activity:
Insiders traded FUBO stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 10 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 728,047 while 192,556 shares were sold.
