|Day's range||32.50 - 32.50|
fuboTV Inc. (FUBO) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Fubo TV (NYSE: FUBO) was one of the hottest stocks of the 2020-21 pandemic stock market bubble. Shares of the live TV streaming platform went from under $10 in mid-2020 to almost $50 in early 2021 as it became one of the famous "meme" stocks popularized by Reddit traders. Investors have major concerns with Fubo's razor-thin gross margins and substantial operating losses that won't move in the right direction.
More than 113 million U.S. households -- almost 9 out of 10 -- subscribe to streaming services. Streaming companies like fuboTV (NYSE: FUBO) and Roku (NASDAQ: ROKU) have been volatile investments after a couple of years of pandemic ups and downs, followed by a fierce bear market that continues today. Roku is an electronics company building an ecosystem around smart televisions as the home entertainment hub.