The stock of Funko Inc (FNKO) has seen a 10.65% increase in the past week, with a 25.34% gain in the past month, and a -7.86% decrease in the past quarter. The volatility ratio for the week is 3.57%, and the volatility levels for the past 30 days are at 4.72% for FNKO. The simple moving average for the last 20 days is 18.08% for FNKO stock, with a simple moving average of 5.09% for the last 200 days.
Is It Worth Investing in Funko Inc (NASDAQ: FNKO) Right Now?
The 36-month beta value for FNKO is also noteworthy at 1.13. 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 31.24M, and at present, short sellers hold a 17.21% of that float. The average trading volume of FNKO on May 10, 2024 was 490.18K shares.
FNKO) stock’s latest price update
The stock price of Funko Inc (NASDAQ: FNKO) has surged by 6.60 when compared to previous closing price of 6.82, but the company has seen a 10.65% gain in its stock price over the last five trading sessions. Proactive Investors reported 2024-05-10 that Funko Inc (NASDAQ:FNKO) shares traded more than 6% higher as the pop culture lifestyle brand issued stronger-than-expected guidance for the second quarter despite a quarterly sales miss. It guided revenue of $232.5 million at the midpoint for 2Q, about 1% above Street estimates of $230.1 million.
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 17.01% 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 -45.83% of loss for the given period.
Volatility was left at 4.72%, however, over the last 30 days, the volatility rate increased by 3.57%, as shares surge +26.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.56% upper at present.
During the last 5 trading sessions, FNKO rose by +8.83%, which changed the moving average for the period of 200-days by -2.99% in comparison to the 20-day moving average, which settled at $6.23. In addition, Funko Inc saw -5.95% 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 3,755 shares at the price of $6.06 back on Apr 30 ’24. After this action, Daw Tracy D now owns 62,425 shares of Funko Inc, valued at $22,762 using the latest closing price.
Oddie Andrew David, the CHIEF COMMERCIAL OFFICER of Funko Inc, sale 3,730 shares at $5.97 during a trade that took place back on Apr 30 ’24, which means that Oddie Andrew David is holding 64,060 shares at $22,255 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 -45.82, with -13.61 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 0.63. 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 0.87.
Conclusion
In summary, Funko Inc (FNKO) has had a mixed 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.
