Throughout their investor presentations, the firm highlighted a path to profitability that had investors excited about the prospect the company is facing in the future. Chief Financial Officer John Janedis stated that profitability and positive cash flow will come about in 2025.
FUBO chart and analysis
Regardless of the recent runup, the long-term trend is still neutral, while the short-term trend is positive, so the stock is getting more attention from investors. In the last month, FUBO has been trading in a wide range from $2.35 to $8.14. Furthermore, the technical analysis shows that FUBO does not offer a high-quality setup at the moment given that prices have been extended to the upside lately. For a solid entry, it is better to wait for some consolidation. Meanwhile, TipRanks analysts rate the shares a ‘moderate buy’, predicting that the average price the stock could reach in the next 12 months is $5, -21.26% lower from the current trading price of $6.35.
On the radar
Fubo got on the investor’s radar last week following reports on how the company might proceed with its sportsbook endeavors, showing a path to profitability and a sustainable future. The strength of the recent rally will be tested in the coming days as investors digest the earnings release and investor presentations for more details. Buy stocks now with Interactive Brokers – the most advanced investment platform Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
