There has been a significant shift in the fundamentals for fuboTV Inc (NYSE:FUBO)

fuboTV Inc (NYSE:FUBO) shares traded 15.35% higher at $2.93 on Wall Street last session.

FUBO stock price is now 13.87% away from the 50-day moving average and 39.15% away from the 200-day moving average. The market capitalization of the company currently stands at $857.93M.

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In other news, Horihuela Alberto, Chief Growth Officer sold 78,564 shares of the company’s stock on Mar 24. The stock was sold for $87,206 at an average price of $1.11. Upon completion of the transaction, the Chief Growth Officer now directly owns 1,360,718 shares in the company, valued at $3.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 22, Chief Financial Officer Janedis John bought 8,000 shares of the business’s stock. A total of $9,759 was incurred on buying the stock at an average price of $1.22. This leaves the insider owning 18,000 shares of the company worth $52740.0. Insiders disposed of 192,556 shares of company stock worth roughly $0.56 million over the past 1 year. A total of 3.94% of the company’s stock is owned by insiders.

fuboTV Inc (NYSE: FUBO) opened at $2.7000 on Tuesday. During the past 12 months, fuboTV Inc has had a low of $0.96 and a high of $3.88. As of last week, the company has a debt-to-equity ratio of 1.30, a current ratio of 0.84, and a quick ratio of 0.84. The fifty day moving average price for FUBO is $2.5732 and a two-hundred day moving average price translates $2.1056 for the stock.

The latest earnings results from fuboTV Inc (NYSE: FUBO) was released for Sep, 2023. According to the Broadcasting Company, earnings per share came in at -$0.29, beating analysts’ expectations of -$0.32 by 0.03. This compares to -$0.25 EPS in the same period last year. The net profit margin was -24.88% and return on equity was -77.87% for FUBO. The company reported revenue of $320.94 million for the quarter, compared to $224.99 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 42.64 percent. For the current quarter, analysts expect FUBO to generate $396.47M in revenue.

fuboTV Inc(FUBO) Company Profile

fuboTV Inc. operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. Its fuboTV platform allows customers to access content through streaming devices, as well as on SmartTVs, computers, mobile phones, and tablets. The company is headquartered in New York, New York.

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