And at the moment the share price is $1.10, which is even further below last year's level. To raise cash they sold 50,620,577 new shares at an average price of $5.90 to raise $292.1m after commission and expenses.ĭue to the low share price, this offer represented almost 1/3 of the shares outstanding at the time. Looking only at user numbers and revenues, fuboTV is increasing these figures and will probably do so again in 2023, and likely at a nice growth rate. However, fuboTV's problems do not stem from the revenue growth and ARPU metrics that management likes to show. They broke the 1 billion sales barrier and beat analyst estimates. AnalysisĪt first glance, the FY22 and Q4 22 results look quite good. The company is definitely in a difficult situation, due to a mixture of not enough cash and increased borrowing costs, coupled with a poor balance sheet and below-average execution. But fuboTV ( NYSE: FUBO ) is not an undervalued stock right now in my view. And the depressed sentiment sometimes turns into wonderful buying opportunities. I like to look at companies that were once hyped and then fell sharply, because sometimes when the sentiment for a stock changes, the drastic overvaluation turns into a drastic undervaluation.
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