Million

Resistance

Billion

<ul class="list-ic vertical">
 <li><span>1</span> <a>FuboTV stock lost over 13% of its trading price in the monthly trading session.&nbsp;</a></li>
 <li><span>2</span> <a>While writing FUBO stock was trading below 20, 50, 100 and 200 days EMAs.&nbsp;</a></li>
 <li><span>3</span> <a>The reported EPS of the Q2 2023 of FuboTV Inc. was 40% greater than estimates.&nbsp;</a></li>
</ul>
<p>FUBO stock price declined over 13% in the monthly time frame and by 30.12% through the quarter. When writing, the stock price was below the 20, 50, 100 and 200 days EMAs.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-fubotv-stock-price-analysis-strong"><strong>FUBOTV Stock Price Analysis&nbsp;</strong></h2>
<p>In the 52 weeks time frame, Fubotv stock peaked at $3.90 and its lowest traded price was $0.96. The annual price target of the stock is $3.60 which is 55.84% greater than its press time trading price.&nbsp;</p>
<p>FuboTV Inc. has a market capitalization of $675.87 Million and data from companiesmarketcap(dot) shows a surge of 98.87% in 2023.&nbsp;</p>
<p>The MACD and signal line are reflecting a bearish crossover and are also indicating further decline. Similarly, the RSI line is below the zero line in the bears region and if it continues further decline in the trading price is expected.</p>
<div class="wp-block-image">
 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-us.googleusercontent.com/eOCotEGtscA9VTBdnMsXEiSEVcEWQjJtlLAbH3eXxOULgQJPcRGUgCBNIa4-lzWeH_AtiZVvhaJlAZniRufql99GY7hiU54UBwyyw-ruYzf1Khk3Kh6hpjDpcy9uYwTevNu9VgaCetC2qKzFWCoBzSE" alt="FuboTV Stock Price Shed Over 10%; Will the Bears Spell Trouble" style="aspect-ratio:1.7583187390542907;width: 100%;height:auto">
  <figcaption class="wp-element-caption">
   Source: FUBO stock price chart from <a href="https://www.tradingview.com/x/mVJ0zuOn/" rel="noopener noreferrer nofollow">TradingView&nbsp;</a>
  </figcaption>
 </figure>
</div>
<p>TradingView data shows that 281.068 Million FUBO shares are free floating and the remaining 11.516 Million shares are closely held. The company did not offer dividends to its shareholders.</p>
<h2 class="wp-block-heading" id="strong-fubotv-fubo-inc-financial-updates-strong"><strong>FuboTV (FUBO) Inc Financial Updates&nbsp;</strong></h2>
<p>The company succeeded in meeting the estimates as it reported 3.47% more revenue. <a href="https://www.thecoinrepublic.com/2023/10/12/fubo-stock-forecast-will-fubotv-break-above-the-200-day-ema/" rel="noopener noreferrer nofollow">FuboTV </a>was expected to report $302.26 Million, the reported figure was $312.74 Million.&nbsp;</p>
<p>As per analysts, the estimated EPS of the company for the Q2 2023 was -$0.30 and the reported EPS was -$0.17 (43.66%) greater.&nbsp;</p>
<p>In the financial year 2022, FuboTV Inc reported $1.0 Billion in revenue from which its net income was -$424.60 Million and profit margin was -42.09%.&nbsp;</p>
<p>Analysts believe that FuboTV might report $286.18 Million in revenue and estimated EPS of Q3 2023 is negative $0.32. The long term total liabilities of the company are $435.69 Million and assets are $840.87 Million.&nbsp;</p>
<p><a href="https://www.thecoinrepublic.com/2023/10/12/fubo-stock-forecast-will-fubotv-break-above-the-200-day-ema/" rel="noopener noreferrer nofollow">FuboTV, Inc.</a> operates as a sports-first, live TV streaming company. The firm focuses on offering subscribers access to tens of thousands of live sporting events annually as well as news and entertainment content.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p>Support Level: $2.05 &amp; $1.85</p>
<p>Resistance Level: $2.57 &amp; $2.77</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>As per TradingView, the stock lost more than 13% of its price in a month. The MACD and signal line are instructing for further decline as both of them are lying in the bears’ region. Market analyst believes that if the decline continues, then the nearest support level is $2.05.</p>
<h5 class="wp-block-heading"><strong>Disclaimer</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 or stock comes with a risk of financial loss.&nbsp;</p>

FuboTV Stock Price Shed Over 10%; Will the Bears Spell Trouble

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Thecoinrepublic.com

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