The stock of Funko Inc (FNKO) has seen a 17.82% increase in the past week, with a 19.67% gain in the past month, and a 10.75% flourish in the past quarter. The volatility ratio for the week is 4.65%, and the volatility levels for the past 30 days are at 3.97% for FNKO. The simple moving average for the past 20 days is 12.38% for FNKO’s stock, with a 44.58% simple moving average for the past 200 days.
Is It Worth Investing in Funko Inc (NASDAQ: FNKO) Right Now?
The 36-month beta value for FNKO is also noteworthy at 1.19. 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.”
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The public float for FNKO is 34.48M, and at present, short sellers hold a 15.66% of that float. The average trading volume of FNKO on September 12, 2024 was 549.42K shares.
FNKO) stock’s latest price update
The stock price of Funko Inc (NASDAQ: FNKO) has jumped by 11.61 compared to previous close of 10.25. Despite this, the company has seen a gain of 17.82% in its stock price over the last five trading days. zacks.com reported 2024-08-30 that Funko-A (FNKO) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.
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 18.73% 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 able to rebound, for now settling with 6.62% of gains for the given period.
Volatility was left at 3.97%, however, over the last 30 days, the volatility rate increased by 4.65%, as shares surge +21.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.64% upper at present.
During the last 5 trading sessions, FNKO rose by +17.51%, which changed the moving average for the period of 200-days by +63.00% in comparison to the 20-day moving average, which settled at $10.28. In addition, Funko Inc saw 47.99% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FNKO starting from LUNSFORD MICHAEL C, who sale 5,900 shares at the price of $9.55 back on Aug 15 ’24. After this action, LUNSFORD MICHAEL C now owns 98,974 shares of Funko Inc, valued at $56,355 using the latest closing price.
LUNSFORD MICHAEL C, the Director of Funko Inc, sale 100 shares at $9.63 during a trade that took place back on Aug 13 ’24, which means that LUNSFORD MICHAEL C is holding 98,974 shares at $963 based on the most recent closing price.
Stock Fundamentals for FNKO
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.33 for the gross margin
The net margin for Funko Inc stands at -0.04. The total capital return value is set at 0.0. Equity return is now at value -18.26, with -5.30 for asset returns.
Based on Funko Inc (FNKO), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.43. The debt to equity ratio resting at 1.08. The interest coverage ratio of the stock is 0.0.
Currently, EBITDA for the company is -23.34 million with net debt to EBITDA at 4.27. When we switch over and look at the enterprise to sales, we see a ratio of 0.81. The receivables turnover for the company is 8.74for trailing twelve months and the total asset turnover is 1.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.92.
Conclusion
In summary, Funko Inc (FNKO) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
