Million

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>FUBO stock lost 7.23% of its trading value intraday and declined 15.07% over the week.&nbsp;</a> </li> 
 <li> <span>2</span> <a>FuboTV Inc. market capitalization surged over 90% in 2023 compared to that in 2022.</a> </li> 
 <li> <span>3</span> <a>For the third quarter 2023, the estimated EPS is negative $0.32, and revenue is expected to reach $284.32 Million.</a> </li> 
</ul> 
<p>FUBO stock lost 7.23% of its trading price on the September 22 trading session. However, in the weekly time frame, a steep decline of 15.07% is seen in FUBOTV stock.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-fubotv-inc-fubo-stock-price-analysis-strong"><strong>FuboTV, Inc. (FUBO) Stock Price Analysis&nbsp;</strong></h2> 
<p>In the 52 weeks time frame fuboTV Inc. stock peaked at $4.73 and its lowest trading price was $0.96. Despite intraday and weekly decline, a surge of 13.79% is seen in the monthly time frame and it added 22.87% to its trading price in the past three months.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large is-resized"> 
  <img decoding="async" loading="lazy" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-770-1024x551.png" alt="FuboTV Inc: FUBO Stock Lost 15.07% Weekly; OTT Boom Behind Decline?" class="wp-image-170770" style="width: 100%;height:581px" width="1080" height="581" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-770-1024x551.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-770-300x161.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-770-768x413.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-770-750x403.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-770.png 1080w" sizes="(max-width: 1080px) 100vw, 1080px"> 
  <figcaption class="wp-element-caption">
    Source: FuboTV, Inc stock price chart from <a href="https://www.tradingview.com/x/9Dc5TqCV/" rel="noopener noreferrer nofollow">TradingView&nbsp;</a> 
  </figcaption> 
 </figure> 
</div> 
<p>fuboTV, Inc has a market capitalization of $0.67 Million. Data from companiesmarketcap(dot)com states that a surge of 98.87% is seen in 2023 compared to that in 2022.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="427" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-771-1024x427.png" alt="FuboTV Inc: FUBO Stock Lost 15.07% Weekly; OTT Boom Behind Decline?" class="wp-image-170771" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-771-1024x427.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-771-300x125.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-771-768x320.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-771-750x313.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-771-1140x475.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-771.png 1336w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: companiesmarketcap(dot)com (fuboTV Inc market cap chart) 
  </figcaption> 
 </figure> 
</div> 
<p>The annual price target of FUBOTV stock is $3.60, the annual target is 55.84% greater than its press time trading price.&nbsp;</p> 
<p>At the time of writing, FUBO stock was trading below 20,50,100 and 200 day exponential moving averages (EMAs). On August 4 2023, the company reported its second quarter revenue reflecting positivity of 3.47%.</p> 
<p>The MACD line and signal line are above the zero line in the positive region but the histogram is reflecting accumulation of below the zero line.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="551" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-772-1024x551.png" alt="FuboTV Inc: FUBO Stock Lost 15.07% Weekly; OTT Boom Behind Decline?" class="wp-image-170772" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-772-1024x551.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-772-300x161.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-772-768x413.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-772-750x403.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-772.png 1080w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: FUBO stock price chart from <a href="https://www.tradingview.com/x/zFqngUEp/" rel="noopener noreferrer nofollow">TradingView </a>(monthly)&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>Over the past three trading sessions, massive selling pressure was observed. If bulls failed to safeguard their positions in the coming sessions, the probability of further decline would rise.</p> 
<p>If FuboTV <a href="https://www.thecoinrepublic.com/2023/09/23/tapestry-tpr-stock-is-this-good-time-to-buy-oversold-stock/" target="_blank" rel="noopener noreferrer nofollow">stock</a> declines further, its nearest visible support is $2.03 and $1.72. If buyers succeed in dominating sellers in the upcoming session, then FUBO stock might face immediate resistance at $2.40 &amp; $2.61.</p> 
<h3 class="wp-block-heading" id="strong-fubotv-inc-fubo-financial-updates-strong"><strong>FuboTV, Inc. (FUBO) Financial Updates</strong></h3> 
<p>According to its Q2 2023 report, FuboTV earnings per share (EPS) is $0.17 whereas the estimated figure was negative $0.30 which accounts for a positive 43.66%.&nbsp;</p> 
<p>The revenue for the same period of FuboTV Inc. amounts to $302.26 Million, while the estimated figure was $312.74 Million. For the upcoming quarter, the estimated EPS is negative $0.32, and revenue is expected to reach $284.32 Million.</p> 
<p>TradingView data shows that 281.071 Million FUBO shares are free floating and remaining 3.93% shares are closely held.&nbsp;</p> 
<p>fuboTV, Inc. 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.</p> 
<h4 class="wp-block-heading"><strong>Conclusion: </strong></h4> 
<p>FUBO stock price declined over 7% intraday and a steep decline of 15.07% is seen in a month. Over the past few trading sessions, sellers seem to be very aggressive. Market analysts believe that sellers’ accumulation below histogram suggests further decline in the fuboTV stock.</p> 
<h5 class="wp-block-heading"><strong>Technical Levels&nbsp;</strong></h5> 
<p>Support Level: $2.03 &amp; $1.72</p> 
<p>Resistance Level: $2.40 &amp; $2.60</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 Inc: FUBO Stock Lost 15.07% Weekly; OTT Boom Behind Decline?

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