Fubo Stock Forecast: FUBO is down over 5%. trades in red. goes into oversold territory.

Fubo Stock Forecast: FUBO is down over 5%. trades in red. goes into oversold territory.
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Fubo Stock Forecast January, 21st : Shares of FuboTv Inc are expected to trade between $ 10 and $ 12 in the next 24 hours.

The current outlook is Negative (Positive: 20%, Negative: 60%)

2 analysts

FuboTV is closed 5.61% lower at $ 12.26 in the last trading session.

Metric
Value
Trend
Volume
13.4 M
Higher
Average Volume
0.17 M
NA
Forward PE (1 Year)
-4.46
NA
FUBO Stock Forecast

Fubo Stock Forecast: Momentum Summary

Momentum Indicator
Indicator Direction
Price
Lower
Volume
Higher
Performance versus NASDAQ
Lower
Technical Indicator
Sell
Social Media Buzz Momentum
Steady

Fubo Stock Forecast: Performance Chart

Stock Name
1 day
5 day
1 month
1 Year
-5.61%
-24.36%
-33.55%
-68.25%

Fubo Stock Forecast: Technical Analysis

Source
Support
Resistance
Recommendation
$ 10.89 (S3)
$ 12.39 (R1)
Sell
$ 9.31 (S3)
$ 12.19 (R1)
Sell

Fubo Stock Forecast: Latest FuboTv News and Prediction Tweets

Every day $FUBO has the same volume and same price action. So you’re telling me those are retail traders? No way. Probably David and team shorting his own stock. About time to start buying again for them I’d think.

Originally tweeted by Gavid Dandler Parody (@FuboParody) on January 20, 2022.

$FUBO Shweta with the $40 PT upgrade today on our favorite penny stock 😂

FJlZ6MjVQAApA37

Originally tweeted by melaverse.fiat (@mellionaire7) on January 21, 2022.

Latest FuboTV Stock News

Fubo Stock Forecast: FuboTv Social Media Sentiments

Social Media Sentiment Period
Positive Sentiment
Negative Sentiment
Net Sentiment
Last 7 days
11.5%
9.4%
+2.1%
Last 24 hours
6.3%
15%
-8.7%

FUBO (Fubotv Inc) Stock Technical Analysis | 1/20/2022

Fubo Stock Forecast: Monster Q3 Quarter

FuboTV announced the 3rd quarter ending on 30th September on 9th November after market hours. The results were impressive and they did beat market expectations

  • FuboTv reported a revenue of $156.7 million in the third fiscal quarter and that is 156% higher than same quarter in the previous year. Last year, people were stuck at home and searching for entertainment, but growing revenue when economy is reopening and people had more to do outside their home is impressive.
  • Subscription revenue rose by more than 150% to $138.1 million, while the subscriber base rose to 108% YoY and count stands at 944,605 at end of Q3. The company official also said that by end of October they have crossed 1 million subscriber base.
  • Management expects momentum to continue and has raised their outlook for the next quarter with revised revenue forecast as $612 million to $617 million, that would be YoY increase of 135 percent compared to previous forecast of 116 %.
  • FuboTv also announced acquisition of France based Molotov SAS, a leading live TV streaming services. The purchase is expected to cost $190 million.

FuboTv Crashes More Than 20 Percent Post Earnings.

  • Despite the explosive revenue growth figures, FuboTv was down by more than 20 percent and it is hard to believe what exactly disappointed investors. Some believe that it is another quarter with bottom line loss and it reported a loss of $105.9 million.
  • Also, company’s cash from operations was negative $143 million. This is a troubling sign for company as it ended Q3 with $393 million cash on its balance sheet and it cannot sustain these losses without raising additional capital by selling stock or borrowing money.
  • Earnings per share came at $-0.74 while street expected $-0.61. The selloff in FuboTv could be investor’s signal to management to get more sustainable growth trajectory.

Fubo Stock Forecast: Future Outlook for FuboTV

  • On November 3, FuboTv launched Fubo Sportsbook, an online betting service, in the US starting with Iowa. The sportsbook service is integrated with live TV services to expand the horizon of company.
  • Last year, the trading in Fubo was a risky proposition. It moved up and down like a roller coaster and that was not cautious for ideal investors. But things started to cool off in last 2 months as it is no longer target of reddit traders as it was used to be in past year.
  • It is also possible that short squeeze mob may target the stock again as they did in January this year and Fubo stock may revisit 52 weeks high of $62 depending on company’s ability to generate revenue and cut its losses.
  • FuboTv is expected to benefit from number of partnerships like multiyear partnership with Fubo Sportsbook, to become official betting partner of club. Fubo Sportsbook is set to debut during 2021-22 NFL season. This is first authorized mobile sports betting lounge in MetLife Stadium.
  • With its partnership, FuboTv growth trajectory is expected to gain momentum in 2022. By 2025, analysts believe that FuboTv is expected to touch 2 million subscribers and revenues are expected to increase at compound annual growth rate of nearly 60 percent which is well above market expectations.
  • Stock is expected to touch new heights, but it is not going to happen overnight. Partnerships is expected to deliver in couple of years, revenue is expected to grow at brisk pace and that will turn the company’s balance sheet, a profit generating one which will fuel the upside of stock price.

Read: Gold Price Forecast : GOLD FAILS to Breach $ 1870, Trades Just Over $1862

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Coins. Please consult a registered investment advisor to guide you on your financial decisions. 

Fubo Stock Forecast: FUBO falls more than 1%, Outlook remains Strongly Negative

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