United

Constant

Million

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>NYSE: FUBO stock lost over 4% of its trading price on August 15.&nbsp;</a> </li> 
 <li> <span>2</span> <a>At press time, FUBO stock price was between the 100 days EMA and 200 days EMA.&nbsp;</a> </li> 
 <li> <span>3</span> <a>Approximately 281 Million FUBO shares are free-floating, and the remaining 11.542 Million shares are closely held.</a> </li> 
</ul> 
<p>NYSE: FUBO stock lost over 4% of its trading price on the August 15 trading session. It opened at $2.37, lowering to $2.33, it hit a high of $2.53 and closed at $2.33 with an intraday trading volume of 8.11 Million.&nbsp;</p> 
<p>In the 52 weeks time frame, Fubotv stock’s highest traded price was $5.40, and its lowest traded price was $0.96. As per estimates, FUBO share’s annual price target is $3.60, which is 56.86% greater than the stock’s current trading price.&nbsp;</p> 
<p>FuboTV, Inc. has a market capitalization of $672.944 Million and its average trading volume is 23.624 Million. At press time, FUBO stock was trading between the 100 day EMA and 200 day EMA.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-fubo-stock-price-analysis-strong"><strong>FUBO Stock Price Analysis&nbsp;</strong></h2> 
<p>In the last two trading sessions, FuboTV stock’s trading volume reflected the majority of sellers compared to buyers. But at press time, the stock was trading at $2.29, which is around 1.72% lower than its last trading price.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/LFthf_JBSWAQDDSO5RFEoi_LDAWQkFAQ5i-mWKeVENC7q41rtiDUWYxoIJ-ZRGC7IoeOdyig6EsY39Wik0w014lJK_ktWdzx4F8SK87LULzfBUylWWSBIHfxzG_f-oXhSipF0p-mH_M1thU04YfR0w" alt="FUBO Sheds 12% in a Week; Eyes Nearest Resistance $2.81"> 
  <figcaption class="wp-element-caption">
    Source: FuboTV stock price chart from TradingView&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>If sellers sustain the pressure in the coming session, <a href="https://www.thecoinrepublic.com/2023/08/09/fubotv-stock-price-prediction-can-fubo-stock-surpass-5-mark/" target="_blank" rel="noopener noreferrer nofollow">FUBO share </a>price will face the immediate support of $1.93 and the next possible support of $1.55. If buyers succeed in dominating sellers, then FUBO stock price might reverse and face immediate resistance of $2.81 and the next possible resistance of $3.50.&nbsp;&nbsp;&nbsp;</p> 
<p>According to TradingView, more than 281 Million FUBO shares are free-floating, and the remaining 11.542 Million shares are closely held by the company’s financial backers or the board of directors.</p> 
<h3 class="wp-block-heading" id="strong-fubotv-inc-earnings-revenue-strong"><strong>FuboTV, Inc Earnings &amp; Revenue&nbsp;</strong></h3> 
<p>In Q1 2023, FuboTV Inc. (NYSE: FUBO) reported 6.19% more revenue than estimated figures. The estimated revenue for the quarter was $303 Million, but it reported $324 Million. For Q2, the estimated revenue was $302.27 Million, surpassing the company’s reported $312.74 Million.</p> 
<p>Earnings per share (EPS) for Q1 2023 was -$0.45, but the company reported 18.21% more EPS than estimated. For Q2, the estimated EPS was -$0.30, but the reported EPS was 43.66% more than the estimation.&nbsp;</p> 
<p>The company’s income is generated from the subscription model and advertisements.&nbsp;</p> 
<p>The company majorly leads its operations in the United States, among other world regions. From the generated revenue of Q1 2023, the company’s net income was -$83.36 Million, and its profit margin was -25.70%.</p> 
<p>In 2022, the company generated $1.01 Billion in revenue, from which, gross profit was -8% and net income was -42%.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels&nbsp;&nbsp;</strong></h4> 
<p>Support Levels: $1.93 and $1.55</p> 
<p>Resistance Levels: $2.81 and $3.50</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p>Constant decline in FUBO stock price is troubling the giant holders. On August 15, it lost over 3%, and in the first half of the August 16 trading session, it lost approximately 3%. However, financial experts claim that the ongoing decline is due to immense selling, and it is expected that by the end of the ongoing session, <a href="https://www.thecoinrepublic.com/2023/07/31/fubo-stock-prices-skyrocketing-adding-155-in-a-quarter/" target="_blank" rel="noopener noreferrer nofollow">FuboTV stock</a> will bounce. A possible improvement in trading price is possible.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer&nbsp;</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

FUBO Sheds 12% in a Week; Eyes Nearest Resistance $2.81

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