Funko Inc (NASDAQ: FNKO)’s stock price has dropped by -9.94 in relation to previous closing price of 12.22. Nevertheless, the company has seen a loss of -2.61% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-07 that Funko, Inc. (NASDAQ:FNKO ) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Rob Jaffe – Director, Investor Relations Cynthia Williams – Chief Executive Officer Yves LePendeven – Chief Financial Officer Conference Call Participants Eric Wold – B. Riley Stephen Laszczyk – Goldman Sachs Linda Bolton-Weiser – D.
Is It Worth Investing in Funko Inc (NASDAQ: FNKO) Right Now?
FNKO has 36-month beta value of 1.24. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 3 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for FNKO is 34.48M, and currently, short sellers hold a 10.08% ratio of that float. The average trading volume of FNKO on November 08, 2024 was 464.43K shares.
FNKO’s Market Performance
FNKO stock saw a decrease of -2.61% in the past week, with a monthly decline of -9.94% and a quarterly a decrease of 16.83%. The volatility ratio for the week is 5.15%, and the volatility levels for the last 30 days are 3.41% for Funko Inc (FNKO). The simple moving average for the past 20 days is -7.12% for FNKO’s stock, with a 23.33% 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 -5.10% 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 -12.73% of loss for the given period.
Volatility was left at 3.41%, however, over the last 30 days, the volatility rate increased by 5.15%, as shares sank -7.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.78% upper at present.
During the last 5 trading sessions, FNKO fell by -0.27%, which changed the moving average for the period of 200-days by +53.96% in comparison to the 20-day moving average, which settled at $11.86. In addition, Funko Inc saw 42.37% 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 7,361 shares at the price of $12.02 back on Oct 01 ’24. After this action, LUNSFORD MICHAEL C now owns 108,613 shares of Funko Inc, valued at $88,444 using the latest closing price.
Oddie Andrew David, the CHIEF COMMERCIAL OFFICER of Funko Inc, sale 21,882 shares at $12.02 during a trade that took place back on Sep 24 ’24, which means that Oddie Andrew David is holding 40,372 shares at $263,026 based on the most recent closing price.
Stock Fundamentals for FNKO
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.52 for the gross margin
The net margin for Funko Inc stands at -0.02. The total capital return value is set at 0.04. 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 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 1.29. The interest coverage ratio of the stock is 0.72.
Currently, EBITDA for the company is -23.34 million with net debt to EBITDA at 1.17. When we switch over and look at the enterprise to sales, we see a ratio of 0.82. The receivables turnover for the company is 6.07for trailing twelve months and the total asset turnover is 1.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.92.
Conclusion
To put it simply, Funko Inc (FNKO) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
