The stock of Funko Inc (NASDAQ: FNKO) has increased by 4.77 when compared to last closing price of 5.45.Despite this, the company has seen a loss of -0.70% in its stock price over the last five trading days. Proactive Investors reported 2024-03-08 that Funko Inc (NASDAQ:FNKO) shares traded higher on Friday afternoon on better-than-forecast fourth quarter results and management’s commentary that it expects to see significant profit improvement for 2024. The company, which manufactures licensed limited pop culture collectibles such as figurines and bobbleheads, expects its bottom line to improve significantly in 2024 compared to 2023 despite headwinds from the Hollywood strikes and uncertainty around shipping costs due to the situation in the Red Sea.
Is It Worth Investing in Funko Inc (NASDAQ: FNKO) Right Now?
The 36-month beta value for FNKO is also noteworthy at 1.09. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 3 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for FNKO is 30.96M, and at present, short sellers hold a 14.94% of that float. The average trading volume of FNKO on April 18, 2024 was 460.85K shares.
FNKO’s Market Performance
FNKO’s stock has seen a -0.70% decrease for the week, with a -9.94% drop in the past month and a -18.08% fall in the past quarter. The volatility ratio for the week is 4.49%, and the volatility levels for the past 30 days are at 4.44% for Funko Inc The simple moving average for the past 20 days is -4.50% for FNKO’s stock, with a -20.33% simple moving average for the past 200 days.
Analysts’ Opinion of FNKO
Many brokerage firms have already submitted their reports for FNKO stocks, with B. Riley Securities repeating the rating for FNKO by listing it as a “Buy.” The predicted price for FNKO in the upcoming period, according to B. Riley Securities is $10 based on the research report published on April 10, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see FNKO reach a price target of $8.50, previously predicting the price at $22. The rating they have provided for FNKO stocks is “Sell” according to the report published on February 01st, 2023.
Jefferies gave a rating of “Hold” to FNKO, setting the target price at $13 in the report published on January 12th of the previous year.
FNKO Trading at -13.65% 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 -57.45% of loss for the given period.
Volatility was left at 4.44%, however, over the last 30 days, the volatility rate increased by 4.49%, as shares sank -11.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.97% lower at present.
During the last 5 trading sessions, FNKO fell by -0.70%, which changed the moving average for the period of 200-days by -47.23% in comparison to the 20-day moving average, which settled at $5.94. In addition, Funko Inc saw -26.13% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FNKO starting from Daw Tracy D, who sale 7,500 shares at the price of $6.08 back on Apr 03 ’24. After this action, Daw Tracy D now owns 58,670 shares of Funko Inc, valued at $45,568 using the latest closing price.
Oddie Andrew David, the CHIEF COMMERCIAL OFFICER of Funko Inc, sale 7,631 shares at $6.09 during a trade that took place back on Apr 02 ’24, which means that Oddie Andrew David is holding 57,921 shares at $46,480 based on the most recent closing price.
Stock Fundamentals for FNKO
Current profitability levels for the company are sitting at:
- -0.09 for the present operating margin
- 0.29 for the gross margin
The net margin for Funko Inc stands at -0.15. The total capital return value is set at -0.21. Equity return is now at value -51.35, with -16.25 for asset returns.
Based on Funko Inc (FNKO), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 1.25. The interest coverage ratio of the stock is -3.43.
Currently, EBITDA for the company is -23.34 million with net debt to EBITDA at -8.91. When we switch over and look at the enterprise to sales, we see a ratio of 0.56. The receivables turnover for the company is 8.38for trailing twelve months and the total asset turnover is 1.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.95.
Conclusion
In summary, Funko Inc (FNKO) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
