fuboTV Inc. (FUBO) shares are trading at lower $10.07.
To add more color to this target, the company’s high over the last year is $22.00 and the low is $5.00. Over the last 52 weeks, FUBO is up 29.10% while the S&P 500 is up 18.28%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, FUBO reported a profit of $-18.41 million. fuboTV Inc. also saw revenues decrease to $44.17 million. In addition, FUBO has free cash flow of -$42.38 million as of 06-2020. The company’s EBITDA came in at -$33.85 million which compares well with its peers.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. FUBO has outstanding shares of 42.06M.
FUBO has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.74 million and more growth is possible in the weeks ahead. fuboTV Inc. FUBO also noted assets of $1.11 billion at the end of the last quarter. Investors should also keep an eye on sector updates as FUBO has historically followed its peers on positive news.
All told, fuboTV Inc. FUBO has strung together solid data and demonstrated underlying fundamentals. At its current valuation, FUBO represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
fuboTV Inc. FUBO is now commanding a market cap of 423.59M and a float of 31.38M. FUBO is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of FUBO stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in FUBO, either long or short, and we have not been compensated for this article.