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However, FUBO has lost 41.8% over the past six months and 4.5% year-to-date to close yesterday’s trading session at $26.74. Furthermore, it is currently trading 57.1% below its $62.29 all-time high, which it hit on December 22, 2020.
While New York City-based FUBO operates across the United States, Canada, and Spain, streaming giant Netflix, Inc. (NASDAQ:NFLX) has a presence in more than 190 countries worldwide. Also, hedge fund sentiment toward the stock has declined lately, and FUBO has yet to turn a profit. So, the stock’s near-term prospects look bleak.
