Fubo TV (FUBO) Stock Price

Financial Performance

Fubo TV's revenue in the last quarter was $386.2M, showing a decrease of -1.2% from the previous quarter and -5.8% year over year. However, their gross profit increased significantly by 36.1% from the previous quarter and by a substantial 79.6% year over year to reach $54.1M, indicating an improvement in profitability despite falling revenues. Their operating income was -$54.7M, marking a decline of -53.3%. The EBITDA ratio stood at -0.1 suggesting that there are some concerns regarding its profitability.

Stock Price

The stock is currently trading at $3.69 which represents an impressive increase of 139.6% over the last month and 38.2% increase YoY basis indicating positive market sentiment towards Fubo TV's stock price performance.The RSI value stands at 61.84 reflecting neither overbought nor oversold conditions while the stock's 200-day moving average is $1.64 indicating a long term upward trend for the stock.

Alternative Data Signals

Fubo TV's web traffic has seen a slight decrease of -1.2% MoM but their mobile apps have witnessed an exceptional growth with daily downloads increasing by massive percentages both MoM (3088%) and YoY (2275%). This suggests that more users are engaging with Fubo TV on mobile platforms which could potentially translate into higher revenues in future periods.Job openings at Fubo TV have increased slightly by 9%, but they have decreased YoY by nearly -37%. While employee business outlook seems neutral with around half reporting positive sentiments about company’s future prospects.Social media followers across various platforms have seen a steady increase, indicating growing brand awareness and engagement.

Conclusion

The stock analysis is somewhat mixed for Fubo TV. While the company has shown significant growth in its gross profit despite falling revenues, their operating income has declined and EBITDA ratio indicates profitability concerns. The stock price performance has been strong with substantial increases both on MoM and YoY basis. Alternative data signals show robust mobile app download growth but a decline in job openings YoY. Therefore, based on this analysis, the outlook appears to be cautiously optimistic or neutral for Fubo TV's stock.

Note: This AI Stock Analysis is based on data as of January 27. Our members can refresh and get access to an up-to-date AI stock analysis.

Sign up

Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Fubo TV (FUBO), currently trading at $3.77, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.