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fuboTV Inc.

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FUBO trade ideas

FUBOTV moves before earnings LONGWith upcoming earnings on August 4th, as shown on the @H chart, FUBO is moving. The set of three EMAs (35/70/280) show an impending crossover the longest EMA and a golden cross between the other two has already occurred. The MACD demonstrates the bullish momentum. The dual time frame RSI has the low/green line crossing the 50 level from well below it and then the high/ black line in the 60 range another confirmation of bullish trend strength. I can appreciate that other traders are anticipating a bit of a jump in the event of an earnings beat. I will join that group. The target is the level of the double top of mid-July. The stop loss is the level of the golden cross of the EMAs. An identified options trade is the strike of $ 3 expiring 8/11.
NYSE:FUBOLong
by AwesomeAvani
$FUBO Post Inflation ReboundWhen it comes to digitally streaming sports one company stands apart from the rest. fuboTV Inc. (NYSE: FUBO) offers a wide range of content that is meticulously selected to target key demographics. It is due to this wide range of selective content that FUBO experienced a $82 million increase in revenue, which caused FUBO stock to run 150%. These gains may very well be just the beginning of FUBO’s rebound this year due to its dominance in sports streaming. That said, taking cord cutting statistics into consideration, FUBO stock could be considered a worthy long-term investment. FUBO Fundamentals The secret behind FUBO’s dominance in the sports media is demographic understanding. Every decision that is made by FUBO is meticulously researched, and as a result, it is able to make decisions that target key demographics. A prime example of this is their ability to target a multitude of channels in order to provide better major league coverage than any other online platform in the US. Additionally, no other streaming platform in the US offers a wider assortment of sports media. Taking these facts into consideration, it would not at all be surprising if FUBO stock continued its upward trend over the coming months. One of the most significant upcoming catalysts for FUBO stock is the start of the NFL season in September which could cause subscriptions to increase markedly since it is the most watched sport in the US with 74.5% of Americans following it. Pricing Power FUBO’s clear dominance over other sports streaming platforms means that it can set its price higher than others due to the quality of its service. Earlier this year, FUBO raised its subscription by $5 on all plans yet it still has more than 1 million subscribers since there is no other platform available in the market that offers the same number of sporting events that FUBO offers. Guidance & Cord Cutting According to FUBO’s guidance for 2023, the company expects its subscribers to increase from 1.55 million to 1.57 million which represents an 8% YoY growth and an increase of full-year revenue from $1.235 billion to $1.265 billion. Having said that, there is a good chance that FUBO may surpass its guidance due to Cord cutting statistics and the improving economic situation in the US. Due to digitalization, more people are moving away from traditional cable TV and acquiring digital subscriptions instead. Currently, around 35.9% of adults in the US are cord-cutters, however, that figure is projected to increase to 41.6% by 2024. Additionally, it is estimated that over 80 million US households in the US will not have any TV subscriptions in the US due to cord-cutting by 2026. Improving Economic Conditions Currently, inflation in the US is continuing to wane and real earnings increased in May by 0.2% according to the Bureau of Labor and Statistics. This marks the first time real earnings were positive since March 2021, which is extremely significant since real earnings represent wages after taking into account inflation. A positive number represents improved quality of life due to increased buying power. Improved Buying Power This increased buying power means that people have more money to utilize on commodities such as subscriptions. Taking into account the fact that FUBO is a dominant force in sports streaming, this may cause FUBO’s subscriptions to increase due to improved affordability. FUBO Financials According to its Q1 fiscal report, FUBO’s assets increased QoQ from $1.27 billion to $1.29 billion due to its cash balance increasing from $337 million to $358 million. On the other hand, total liabilities decreased from $874 million to $860 million, due to current liabilities decreasing from $438 million to $423 million. Taking into account FUBO’s current assets which account for $459.8 million its current ratio is 1.08, which is not ideal, but is not a negative indicator since it is still above one. In terms of revenues, FUBO experienced a significant YoY increase from $219.1 million to $300.8 million which could be attributed to the company increasing its subscription prices. However, expenses increased YoY from $365.2 million to $405.8 million due to the increase in subscription related expenses which currently account for $301.3 million. That said, its net loss decreased from $140.8 million to $83.6 million due to its increasing revenues which may increase even further in the third and fourth quarters as a result of increasing subscriptions due to the beginning of the NFL season. Technical Analysis FUBO stock is in a neutral trend and is trading in a sideways channel between $2.28, and $3.08. Looking at the indicators the stock is currently above the 200, 50, and 21 MAs which is a bullish indication. Meanwhile, the RSI is approaching overbought at 65 and the MACD is curling approaching a bearish crossover. As for the fundamentals, the upcoming NFL season is a catalyst to watch as FUBO could increase its subscribers in Q3 and Q4 thanks to the NFL’s popularity. Moreover, the company’s Q2 earnings on August 17 will also be a major catalyst since investors would want to see improved cost management from the company and growing revenues as that would put the company on the right track to achieve its target of breakeven and reaching profitability in 2025. Given the significance of these catalysts, investors could wait for FUBO stock to retest its support and go long in anticipation of the Q2 earnings report and the beginning of the NFL season. FUBO Forecast As things stand, FUBO is the most dominant sports streaming platform due to its wide and diverse range of content. Having said that, the current improved macro environment could help boost subscriptions as real earnings became positive last May for the first time since April 2021 – indicating stronger buying power. With the NFL season set to start next September and the improved buying power, FUBO’s subscriptions could be poised to increase in the second half of 2023 which would signal substantial revenues for the company thanks to it raising its subscription prices earlier this year.
NYSE:FUBO
by Penny_Stocks_Today
FUBO Coming back to life?If FUBO can get a weekly close this month above above its 1W 20D MA, $3.75, it could gap up by the end of the year to its 50D MA, currently sitting at $12.86. The market conditions appear to be turning a corner, and FUBO finally beat its EPS estimate in Q2 2022, losing less than expected this past quarter. The fundamentals of the business model are questionable, and many doubt that it could ever turn a profit, but with peak season of North American sports approaching as well as the 2022 World Cup, it appears that FUBO has finally turned a corner after bottoming at $2.32 on July 5th. Closing this week at $3.47 is a far cry from its highs of $62 in late December 2020. Yet FUBO increased its paid North American subscriber base last quarter by 41% to 947K, and expects 1.35 million paid subscribers by the end of the year. FUBO also expects year-end revenue to be between $910 - $930 million. In addition, FUBO has decided to axe its costly sportsbook ambitions. Its $3.47 close sits comfortably above the shorter term daily moving averages, which are below $2.85. A short period of consolidation could follow after this rapid upward move since July 26th, but if FUBO gets a weekly close above $3.75 - $4.00 it could be off to the races. Its 1W 100D MA currently sits at $19.33, which is converging on its first Fib retracement level of 0.236 (measured from All Time High to All Time Low). That retracement level sits at $16.41. I could see FUBO approaching that $16 resistance by the end of the year if 3 things happen: 1. North American sports and World Cup hype drive FuboTV subscriber growth in Q3, and their product provides users with high quality content and a smooth experience. Early reviews from Canadian viewers watching the English Premier League on FuboTV aren't great, so hopefully the streaming quality improves. They currently have nearly $400 million cash on hand. There is no reason they can't engineer a better product. 2. The Q3 earnings report in November/December needs to be impressive. Their losses need to continue to decrease. In Q3 2021 their reported EPS was -0.59, and in Q1 2022 their EPS ballooned to a dreadful -0.89. Per their latest report they now have that number down to -0.63, but they're still losing money YoY. EPS for Q3 2022 needs to be under -0.59. If it's significantly under that number--let's say -0.50, and their reported revenue improves from from $221 million closer to $250 million, it could be off to the races. 3. This is an obvious one but it has to be said. Macro conditions must continue to improve: no additional major global conflicts, Monkeypox and Covid stay relatively under control, minimal American midterm election chaos, and inflation decreases while the Fed eases up on aggressive interest rate hikes. Investors need reasons to be hopeful. Let's see what the rest of 2022 has in store for FUBO, one of the most heavily shorted stocks on the NYSE (30.02%) as of 7/15.
NYSE:FUBOLong
by wazza_10
7
$FUBO - Pancakes Are Great, FUBO is Good and Market is CrazyInsane, irrational market with lots of volatility right now. Let's get insane and volatile ourselves and buy some $FUBO. $FUBO could easily break out to $10-12 range *at some point* in 2022. Read through the 10-Q for Q122 - yikes lol...that being said, there were some positives as well. Revenue doubled YOY and this stock has been absolutely pummeled along with $ROKU, $NFLX and the entire market. If you look at the chart for the past year, it's almost trading identical to $ROKU, which I'm very bullish on long term (I do realize their companies are quite different, but they've been treated similarly in the downtrend of late 21/early 22). $FUBO - I'd look for this thing to at least double to $7, if not almost 4X to $12 by the end of the year for a small stint. And who knows, maybe it could touch $20's/$30's by next year - I'm willing to wait and see. GLTA - C
NYSE:FUBOLong
by Midnight_Trades
1
Recently < $4 - will FIFA World Cup be a price rally tailwind?Even though I wonder if World Cup (football) - American soccer - will help this stock rally, this trade idea is purely technical with low risk. You can see an expanded weekly chart to see how few times price has dipped below $4.00. Notice how long RSI and stochastic have lingered in oversold territory, and on a weekly chart this is unusual. Based on my options study, and wanting to hold through earnings and World Cup, I bought 19Aug 10 strike calls for $0.31. You can buy stock, or take Jun or Aug calls at a lower strike also and still use little capital. To start, I want to see a move over 7 and over 20sma. I have a very small position to hold for a high reward low risk trade so I am not setting a stop loss on this position.
NYSE:FUBOLong
by OptionsRising
8