Last Updated: 19 Sep 2024
Executive Summary
Fubotv Inc. (FUBO) is a live TV streaming platform provider operating in the United States and Europe. Despite its revenue growth, the company continues to face profitability challenges, with negative EBITDA and EPS. The stock price has been volatile, with a current market capitalization of $530 million.
Company Overview
Fubotv offers a subscription-based streaming service that includes live sporting events, news, and entertainment content. The company has partnerships with major sports leagues and networks, as well as original programming. Fubotv has been expanding its service into new markets, including Europe.
Fundamental Analysis
Revenue: FUBO's revenue has grown steadily, reaching $1.52 billion in the trailing twelve months.
Profitability: The company has yet to achieve profitability, with a negative EBITDA of $216.8 million and EPS of -$0.8.
Valuation: FUBO trades at a price-to-sales ratio of 0.348 and a price-to-book ratio of 1.986.
Technical Analysis
Trend: FUBO's stock price has been in a downtrend since early 2023.
Support and Resistance: The stock is currently testing support at $1.61. Resistance is located at $1.836 (200-day moving average).
Momentum: The stock's momentum is negative, with a relative strength index (RSI) below 30.
Short Term Outlook
In the short term, FUBO's stock price is likely to remain volatile. The company's profitability challenges and the overall market sentiment will continue to weigh on the stock. Resistance at $1.836 is a key level to watch.
Long Term Outlook
FUBO has the potential to become a major player in the streaming industry. The company's focus on live sports and its expansion into new markets could drive long-term growth. However, the company's profitability challenges and competition from established players remain concerns.
Analyst Recommendations
Analysts have mixed views on FUBO's stock. One analyst has a strong buy rating, three have buy ratings, four have hold ratings, and one has a sell rating. The average analyst target price is $2.82.
