Fubotv earnings beat by $0.10, revenue topped estimates
In a turbulent market environment, Studio City International Holdings (MSC) stock has recorded a new 52-week low, dipping to $3.7, with trading volumes averaging 10,000 shares daily over the past three months. According to InvestingPro data, the stock exhibits a negative beta of -0.4, indicating it often moves contrary to broader market trends. This latest price level reflects a significant downturn for the company, which has seen its stock value decrease by 42.71% over the past year. While the company maintains impressive gross profit margins of 66.5% and analysts anticipate 33% revenue growth for FY2024, current InvestingPro analysis suggests the stock is fairly valued at current levels. Investors are closely monitoring MSC as it navigates through a challenging period, with the hope that the company’s strategic initiatives will eventually steer it back towards a path of growth and recovery. InvestingPro subscribers have access to 8 additional key insights about MSC’s financial outlook.
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