Funko Inc. (NASDAQ:FNKO) went down by -15.10% from its latest closing price compared to the recent 1-year high of $27.79. The company’s stock price has collected 1.91% of gains in the last five trading sessions. Barron’s reported on 06/23/22 that Funko Stock Surges After Upgrade. Toys Are Resilient During Recessions.
Is It Worth Investing in Funko Inc. (NASDAQ :FNKO) Right Now?
Funko Inc. (NASDAQ:FNKO) scored a price-to-earnings ratio above its average ratio, recording 23.54 x from its present earnings ratio. Plus, the 36-month beta value for FNKO is at 1.93. Opinions of the stock are interesting as 5 analysts out of 8 who provided ratings for Funko Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $29.06, which is $6.55 above the current price. FNKO currently public float of 17.86M and currently shorts hold a 9.93% ratio of that float. Today, the average trading volume of FNKO was 868.26K shares.
FNKO’s Market Performance
FNKO stocks went up by 1.91% for the week, with a monthly jump of 6.80% and a quarterly performance of 50.37%, while its annual performance rate touched 37.08%. The volatility ratio for the week stands at 5.37% while the volatility levels for the past 30 days are set at 5.19% for Funko Inc. The simple moving average for the period of the last 20 days is -8.28% for FNKO stocks with a simple moving average of 19.71% for the last 200 days.
Analysts’ Opinion of FNKO
Many brokerage firms have already submitted their reports for FNKO stocks, with JP Morgan repeating the rating for FNKO by listing it as a “Overweight.” The predicted price for FNKO in the upcoming period, according to JP Morgan is $28 based on the research report published on June 23rd of the current year 2022.
Jefferies, on the other hand, stated in their research note that they expect to see FNKO reach a price target of $25, previously predicting the price at $21. The rating they have provided for FNKO stocks is “Buy” according to the report published on August 31st, 2021.
BofA Securities gave a rating of “Buy” to FNKO, setting the target price at $30 in the report published on May 13th of the previous year.
FNKO Trading at -0.94% from the 50-Day Moving Average
After a stumble in the market that brought FNKO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.46% of loss for the given period.
Volatility was left at 5.19%, however, over the last 30 days, the volatility rate increased by 5.37%, as shares sank -11.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.07% upper at present.
During the last 5 trading sessions, FNKO fell by -13.47%, which changed the moving average for the period of 200-days by +20.13% in comparison to the 20-day moving average, which settled at $24.56. In addition, Funko Inc. saw 41.97% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at FNKO starting from Daw Tracy D, who sale 802 shares at the price of $24.25 back on Jun 28. After this action, Daw Tracy D now owns 6,529 shares of Funko Inc., valued at $19,448 using the latest closing price.
Perlmutter Andrew Mark, the CHIEF EXECUTIVE OFFICER of Funko Inc., sale 41,733 shares at $23.76 during a trade that took place back on Jun 28, which means that Perlmutter Andrew Mark is holding 94,061 shares at $991,369 based on the most recent closing price.
Stock Fundamentals for FNKO
Current profitability levels for the company are sitting at:
- +9.27 for the present operating margin
- +33.01 for the gross margin
The net margin for Funko Inc. stands at +4.27. Equity return is now at value 15.10, with 5.10 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.59.