Examining the Potential Price Growth of fuboTV Inc. (FUBO)


fuboTV Inc.’s recent filing unveils that its Chief Growth Officer Horihuela Alberto unloaded Company’s shares for reported $87206.0 on Mar 24. In the deal valued at $1.11 per share,78,564 shares were sold. As a result of this transaction, Horihuela Alberto now holds 1,360,718 shares worth roughly $ 3.1 million.

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Then, Janedis John bought 8,000 shares, generating $9,759 in total proceeds. Upon buying the shares at $1.22, the Chief Financial Officer now owns 18,000 shares.

Before that, Horihuela Alberto sold 61,237 shares. fuboTV Inc. shares valued at $167,789 were divested by the Chief Growth Officer at a price of $2.74 per share. As a result of the transaction, Horihuela Alberto now holds 1,252,615 shares, worth roughly $2.86 million.

Evercore ISI downgraded its fuboTV Inc. [FUBO] rating to an In-line from a an Outperform in a research note published on Monday, February 28, 2023; the price target was decreased to $3 from $6. PT values the company’s stock at a premium of 24.0 to its Monday closing price.

Price Performance Review of FUBO

On Monday, fuboTV Inc. [NYSE:FUBO] saw its stock jump 5.07% to $2.28. On the same session, the stock had its day’s lowest price of $2.13, but rose to a high of $2.29. Over the last five days, the stock has gained 10.14%. fuboTV Inc. shares have risen nearly 31.03% since the year began. Nevertheless, the stocks have fallen -41.39% over the past one year. While a 52-week high of $5.24 was reached on 08/04/23, a 52-week low of $0.96 was recorded on 03/20/23. SMA at 50 days reached $2.45, while 200 days put it at $2.06. A total of 9.7 million shares were traded, compared to the trading of 9.6 million shares in the previous session.

Levels Of Support And Resistance For FUBO Stock

The 24-hour chart illustrates a support level at 2.18, which if violated will result in even more drops to 2.07. On the upside, there is a resistance level at 2.34. A further resistance level may holdings at 2.39. The Relative Strength Index (RSI) on the 14-day chart is 46.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.00%. Stochastics %K at 30.46% indicates the stock is a holding.

How much short interest is there in fuboTV Inc.?

A steep rise in short interest was recorded in fuboTV Inc. stocks on Aug 14, 2023, dropping by -0.3 million shares to a total of 45.09 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 45.39 million shares. There was a decline of -0.67%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 15.86% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.17.

fuboTV Inc. [FUBO] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 24,121,482 shares, or roughly 8.27% of the outstanding FUBO shares. In other words, the investor’s shares have risen by 7,020,319 from its previous 13-F filing of 17101163.0. Additionally, BlackRock Fund Advisors increased 24.74% of its stake after which the total value it holdings stand at $56,457,674, while Millennium Management LLC added 141.85% of its stake to hold $29.25 million in the firm. Over the last quarter, Marshall Wace LLP sold -567,578 shares of fuboTV Inc., while SSgA Funds Management, Inc. sold -582,615 shares. At present, Geode Capital Management LLC is holding 4,747,844 shares valued at $16.0 million. D. E. Shaw & Co. LP owned 4,281,181 shares of the company at the time of its most recent 13F filing, worth $14.43 million.

According to FactSet, fuboTV Inc.’s share price will average $3.60 in the next year, based on opinions of analysts polled by the firm. This is up nearly 38.25 percent from its previous closing price of $2.17. Analysts expect fuboTV Inc. stock to reach the higher price of $5.00, while the lowest price estimate is $3.00. However, 8 analysts have rated FUBO stock as a Hold in their predictions for 2023.


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