Is FuboTV (FUBO) Stock Oversold?

May 6, 2021

Is FuboTV (FUBO) Stock Oversold?

In the current quarter (ending 6/30), underlying Consumer Demand for the upstart OTT streaming provider FuboTV (FUBO) is trending +160% higher than 2019.

FUBO is also on pace for a +460% YoY gain in 21Q2, which reflects the brief downturn experienced during the last year's shutdown of live sporting events.

The recent strength seen on FUBO's PI chart mirrors the ongoing rise in the number of consumers talking about streaming content:

Generic Streaming Mentions are up +66% YoY on a 90-day moving average.

The March entry price of LikeFolio's bullish alert for FUBO has left a lot to be desired, but we’re maintaining our outlook going forward.

If you were on the fence at ~$30 a share, consider taking another look now that stock has dropped below $20.

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