As of Wednesday close, Funko Inc.’s (NASDAQ:FNKO) stock was up $0.38, moving up 5.81 percent to $6.92. The average number of shares traded per day over the past five days has been 1,160,080 shares. 5 times new highs have been achieved over the past 5 days, with a $0.70 gain in that time frame. In the last twenty days, the average volume was 1,087,410, while in the previous 50 days, it was 893,436.
Since last month, FNKO stock retreated -14.99%. Shares of the company fell to $5.27 on 08/16/23, the lowest level in the past month. A 52-week high of $25.24 was reached on 06/14/23 after having rallying from a 52-week low of $5.27. Since the beginning of this year, FNKO’s stock price has dropped by -36.57% or -$3.99, and marked a new high 12 times. However, the stock has declined by -72.58% since its 52-week high.
FNKO stock investors should be aware that Funko Inc. (FNKO) stock had its last reported insider trading activity 2 days ago on Aug 29. Working Capital Advisors (UK), the 10% Owner of the company, purchased of 8,478 shares for $6.46 on Aug 29. It resulted in a $54,760 investment by the insider. Working Capital Advisors (UK) added 35,699 shares at an average price of $6.11 on Aug 25. The insider now owns 6,313,108 shares following the transaction. On Aug 24, 10% Owner Working Capital Advisors (UK) bought 90,185 shares at $6.06 apiece. The transaction was valued at $546,530.
Valuation Metrics
The stock’s beta is 1.40. Besides these, the trailing price-to-sales (P/S) ratio of 0.29, the price-to-book (PB) ratio of 1.31.
Financial Health
In the three months ended June 29, Funko Inc.’s quick ratio stood at 0.50, while its current ratio was 1.00, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.57, and the total debt-to-equity ratio was 1.22. On the profitability front, the trailing twelve-month gross margin is 28.70% percent. In the year ended June 29, EBITDA margin amounted to 3.66%, whereas operating margins totaled -11.40%. Based on annual data, FNKO earned $434.02 million in gross profit and brought in $1.32 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 1.00%. Return on equity (ROE) for the past 12 months was -47.90%.
In Funko Inc.’s quarter-end financial report for June 29, it reported total debt of $142.07 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. FNKO’s revenue fell -31.53% to $251.88 million during the quarter, while net income inched up to $240.03 million. While analysts expected Funko Inc. to report -$0.43 quarterly earnings, the actual figure was -$0.43 per share. During the quarter, the company generated -$16.07 million in EBITDA. The liabilities of Funko Inc. were 634.81 million at the end of its most recent quarter ended June 29, and its total debt was $400.18 million. The value of shareholders’ equity is $51.8 million.
Technical Picture
This quick technical analysis looks at Funko Inc.’s (FNKO) price momentum. With a historical volatility rate of 36.87%, the RSI 9-day stood at 64.19% on 30 August.
With respect to its five-day moving average, the current Funko Inc. price is up by +11.25% percent or $0.70. At present, FNKO shares trade -5.72% below its 20-day simple moving average and -25.51% percent below its 100-day simple moving average. However, the stock is currently trading approximately -43.37% below its SMA50 and -29.60% below its SMA200.
Stochastic coefficient K was 88.29% and Stochastic coefficient D was 81.00%, while ATR was 0.45. Given the Stochastic reading of 88.24% for the 14-day period, the RSI (14) reading has been calculated as 51.79%. As of today, the MACD Oscillator reading stands at 0.34, while the 14-day reading stands at 0.59.
Analyst Ratings
Funko Inc. downgraded its rating on Funko Inc. (NASDAQ: FNKO) to a Sell in a note to investors on February 01, 2023. The analysts firm previously had a Neutral rating on the stock.Funko Inc. (FNKO) has been rated Hold by analysts. According to 1 brokerage firm, FNKO is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Funko Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $8.00, the current consensus forecast for the stock is $5.50 – $9.50. Based on these forecasts, analysts predict Funko Inc. (FNKO) will achieve an average price target of $7.80.
