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StockNews.com
StockNews.com
Business
Pragya Pandey

Is fuboTV a Buy Under $10?

Fubo

The shares of Live TV streaming platform fuboTV Inc. (FUBO) have retreated 75.8% in price over the past year and 59.4% over the past three months to close yesterday's trading session at $8.55. In addition, the stock is currently trading below its 52-week high of $43.28, which it hit on March 2, 2021.

Though the New York City company posted 106% growth in its total paid subscribers in its recent fourth-quarter earnings release, it reported a significant net loss for its fiscal year 2021. Furthermore, its high operating costs and broadcasting charges have outweighed its revenue generation.

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