FuboTV Inc. (FUBO) is having another rough day, with shares declining as broader markets show weakness. While the Nasdaq is down 0.68% and the S&P 500 is off 0.66%, the sports-focused streaming company is getting hit harder than the market.
What's Driving the Decline
The selling pressure stems from FuboTV's first-quarter 2026 financial report, which delivered mixed signals. Sure, the company beat revenue estimates with $1.55 billion versus the expected $1.10 billion, but that silver lining came with some storm clouds. The company posted a 2-cent loss per share and made two moves that spooked investors: pulling forward guidance entirely and announcing a reverse stock split ranging between 1-for-8 and 1-for-12.
When a company stops telling you where it thinks it's headed, that's rarely a confidence builder.
Technical Picture Looks Grim
FuboTV has fallen 67.75% over the past year, and the stock is currently trading at $1.31, hovering just 2 cents above its 52-week low of $1.29. That's about as close to the edge as you can get.
The technical setup is deeply bearish across the board. The stock is trading 34% below its 20-day simple moving average, 46.7% below the 50-day, 58.2% below the 100-day, and 61.8% below the 200-day. Every moving average is flashing red.
There's one potentially interesting signal though: the RSI sits at 16.06, firmly in oversold territory. That doesn't guarantee a bounce, but it suggests the stock has been beaten down hard enough that some kind of relief rally could materialize.
Looking Ahead
FuboTV reports earnings again on May 1. Here's what analysts are expecting:
- EPS Estimate: Loss of 6 cents (compared to a 2-cent loss a year ago)
- Revenue Estimate: $1.59 billion (up dramatically from $405.96 million year-over-year)
- Valuation: P/E ratio of 4.1x
Analyst Consensus: Despite the carnage, analysts maintain a Buy rating with an average price target of $3.63, nearly triple the current price. Recent analyst activity includes:
- Wedbush: Outperform rating, lowered target to $3.50 (Feb. 5)
- Seaport Global: Upgraded to Buy with $3.00 target (Feb. 5)
- Needham: Buy rating, lowered target to $3.00 (Feb. 3)
Price Action: FuboTV shares were down 6.06% at $1.24 at the time of publication on Thursday.
