FUBO Stock Falls 6.2% to $10.06 as Earnings Loom, June 04

FuboTV Inc. FUBO fell 6.2% to $10.06 USD on June 04, 2026, extending losses to 8.4% over the past day. The live TV streaming platform has declined 76.6% over the past year as the company burns cash and loses money. Meyka rates the stock a C with a sell recommendation. Earnings arrive August 11, and options traders are positioning heavily in puts.

Stock Tumbles Amid Cash Burn and Losses

FUBO closed at $10.06 USD on June 04, down 6.2% for the day and 28.9% over the past month. The stock has fallen 71.4% over the past six months and 76.6% over one year. Year-to-date, FUBO is down 67.5%. Trading volume reached 836,167 shares, below the 90-day average of 1.8 million. The company trades near its 52-week low of $8.31 USD, well below the year high of $56.64 USD.

Fundamentals show deep trouble. FUBO posted negative net income per share of -$1.14 TTM and negative operating cash flow of -$14.77 per share. Free cash flow is also negative at -$14.80 per share. The company burns cash faster than it generates revenue, a critical warning sign for investors.

Meyka Rating Signals Sell, Analysts Split

Meyka assigned FUBO a C grade with a sell recommendation as of June 03, 2026. The rating reflects strong sell signals on profitability metrics. Five analysts rate the stock a buy, one rates it hold, and none rate it sell, giving a consensus rating of 3.0 (neutral). Earnings for Q2 2026 are forecast at $0.07 per share, a modest recovery from recent losses.

Meyka’s 12-month price target stands at $5.94 USD, implying 41% downside from current levels. The stock trades at a price-to-sales ratio of 0.28 USD, suggesting it is cheap by valuation, but this reflects the market’s lack of confidence in the business model.

Options Show Heavy Put Interest Near Support

Options traders are betting on further declines. June 2026 puts at the $11.50 strike are actively traded, as are puts at $13.50 and $25.00 strikes. This activity suggests traders expect the stock to fall below current levels before expiration. The RSI indicator stands at 46.83, near the neutral midpoint, while the MACD histogram is positive at 0.06, showing weak upside momentum.

Technical support sits at the 50-day moving average of $11.09 USD. The stock trades below the 200-day average of $28.76 USD, confirming a long-term downtrend. Bollinger Bands show the stock near the lower band at $8.78 USD, indicating extreme weakness.

Earnings Due August 11, Debt Concerns Persist

FUBO will report earnings on August 11, 2026. The company carries debt equal to 50% of equity and has a current ratio of 0.99, meaning current liabilities nearly match current assets. Interest coverage is negative at -4.16 times, showing the company cannot cover interest payments from operating income. Return on equity is negative at -7.4%, destroying shareholder value.

With Meyka rating the stock a C and the 12-month target at $5.94 USD, the data points to significant downside risk. Analyst consensus remains neutral, but fundamental deterioration and negative cash flow make recovery unlikely without major operational changes.

Final Thoughts

FUBO stock faces mounting pressure from negative cash flow and losses. Meyka’s sell rating and $5.94 price target suggest further declines ahead. Wait for earnings clarity before buying.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.