New FUBO Catalyst - $2.40 coming soon

welcome back to another fubba video guys I know a lot of you guys are holding a lot of shares in fubo so I'm going to give you a lot of updates and fubo did just release news today we're going to go over some technical an analysis later in the video but the news is they have a new partnership with bkfc bear knuckle fighting championship so bkfc is a huge growing Sport and right now the only two places you can watch bkfc is number one straight through the bkfc app which costs $8 a month or you can buy it from watch it on fubo so those are the only two you can you can watch this uh bkfc which is a very quickly growing sport that we're going to get into but then uh bkfc fight content took off on fubo Sports fast Channel and we couldn't wait to bring the dedicated bkfc Network to Fu's live streaming platform so they already have test tested how the views would do for bkfc they've done great everybody's happy with it so they did a deal with the CEO David Feldman and fubba has been a great partner for bkfc and bkfc is going to be a great partner for Foo because uh there's a bunch of things to this uh sport just like the UFC so uh who's the CEO CEO is David Feldman and Conor McGregor is actually one of the co one of the owners he has invested a lot of money into this and a bunch of UFC fighters are coming from the UFC to be KFC for a couple reasons one reason is because UFC doesn't pay their Fighters very very well and even this guy the CEO says all of these guys are making way more than the UFC fighters so uh there this is not like an exhibition sport they're bringing the best of the best we can see Eddie Alvarez and Chad Mendes both from both are amazing fighters from the UFC that are coming down Mike Barry very very popular fighter and we can see right here a little chart from 2019 altogether they had 13 million views now they have 277 million views on YouTube over a million subscribers this is there's a lot of hype behind bkfc and fubo is going to uh have a huge benefit off it since you can only watch it directly from them or from fubo so what can we oh I can't even read the full story now that's a bummer all right well that is the main thing uh the CEO is used to be a professional fighter he used to be a professional boxer so he knows what going on he likes uh he has a lot of hyp pretty much the Dana White the face of the company and I don't know if I mentioned watching it on fubo you need to get a plan a bundle that's what fuba doesn't like that's what all the consumers don't like is it's starting at $23 Canadian a month so you can't watch only that you can watch other things but they did mention in fuba news that you can still watch it from let me find it right here you can still watch it for free with uh the fast Network and you you'll just have to get ads with it so even in that way if you watch it for free fubo is still going to make money from it with the ads so it's a win-win really that's the main thing I wanted to talk about and the other thing if you look at the technical analysis we had a huge jump last video I said I expect this to be $2 by the end of this week and you on Monday it already cross $2 and we can see it kind of went down and even today right now it's trading below the 50-day moving average below the 150 day moving average and this orange line right here is the 200 day moving average and it is kind of getting below it so it is not looking very too bullish right now we have a huge gap at 150 data we could fill no Gap at 130 I don't think we're going to see 130s for a long time and this this company is still very undervalued in my opinion and asked the AI to do a little analysis in fubo and it said a couple interesting things you can see the revenue growth 33% increase year-over year company projects 12% growth which is close to the industry average of 133% you can also see the price to sales ratio is 0.3 and it said that a lot of other companies in the same sector are trading at more than 1.4 right the sales ratio but that would also be much larger companies that are in a much better financial position so we have to keep that in mind but either way 0.3 is just a little way too low and we can see analyst targets where can we get the valuation believe all the analyst targets are in the $2 range and we can see one big thing right here challenges and opportunities we can see the subscriber growth the company is increasing very much but the subscriber growth is down quarter of quarter but right now I think bkfc alone is going to bring them a ton of new subscribers and going to fix that and their guidance is to have 1.6 million subscribers they're currently at 1.45 million subscribers and they will definitely Crush that 1.6 by the end of 2024 not worry about it at all and the one right here the the lawsuit with venue Sports adds four to 5 million per quarter of the company's expenses now keep in mind the lawsuit is not over that that was only the for the venue Sports which was supposed to launch I believe this or last Friday which is not launching and they could appeal again but they a Vue would most likely lose but the the thing is there still the lawsuit is still going on that they're fighting so they don't have to bundle things so they can pay less for their content and a bunch of other things that uh the big companies are doing that's anti-competitive and fubba is still fighting against that so they're still losing money from the lawsuits and yeah those are the fubba news right there for you I'll see you in the next one have a good day guys