fuboTV Inc (FUBO) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

With 31.09 million shares changed hands, the volume of the stock remained heavier than its average volume of 18.75 million shares. The 52-week range on FUBO shows that it touched its highest point at $6.45 and its lowest point at $1.10 during that stretch. It currently has a 1-year price target of $4.19. Beta for the stock currently stands at 2.22.

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 down-trending over the past week, with a drop of -19.49%, but this was down by -16.56% over a month. Three-month performance dropped to -39.42% while six-month performance rose 39.23%. The stock gained 75.00% in the past year, while it has gained 100.00% so far this year. A look at the trailing 12-month EPS for FUBO yields 0.19 with Next year EPS estimates of -0.08. For the next quarter, that number is -0.04. This implies an EPS growth rate of 141.36% for this year and -135.31% for next year.

Float and Shares Shorts:

At present, 341.54 million FUBO shares are outstanding with a float of 329.45 million shares on hand for trading.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FUBO since 7 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.49193 being high and -$0.79256 being low. For FUBO, this leads to a yearly average estimate of -$0.60125. Based on analyst estimates, the high estimate for the next quarter is -$0.01 and the low estimate is -$0.05. The average estimate for the next quarter is thus -$0.03.