Funko Inc [FNKO] stock prices are down -0.62% to $6.40 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FNKO shares have gain 4.75% over the last week, with a monthly amount drifted -9.99%, and not seem to be holding up well over a long-time horizon.
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On 7, March 2024, Funko Reports 2023 Fourth Quarter, Full Year Financial Results; Provides Full-Year Outlook for 2024. In a post published today on Yahoo Finance, –Q4 Net Sales, Gross Margin and Adjusted EBITDA at Upper End of Expectations, Driven by Strong DTC Growth and Continued Operational Improvement–.
From an analyst’s perspective:
Funko Inc [NASDAQ: FNKO] stock has seen the most recent analyst activity on February 01, 2023, when Goldman downgraded its rating to a Sell and also revised its price target to $8.50 from $22. Previously, Jefferies downgraded its rating to Hold on January 12, 2023, and dropped its price target to $13. On November 07, 2022, downgrade downgraded it’s rating to Neutral and revised its price target to $9 on the stock. Truist downgraded its rating to a Hold and decreased its price target to $13 on November 04, 2022. JP Morgan downgraded its rating to a Neutral and reduced its price target to $16 on November 04, 2022. JP Morgan upgraded its rating to Overweight for this stock on June 23, 2022, and upped its price target to $28. In a note dated August 31, 2021, Jefferies upgraded an Buy rating on this stock and boosted its target price from $21 to $25.
The stock price of Funko Inc [FNKO] has been fluctuating between $5.27 and $13.42 over the past year. Currently, Wall Street analysts expect the stock to reach $13.83 within the next 12 months. Funko Inc [NASDAQ: FNKO] shares were valued at $6.40 at the most recent close of the market. An investor can expect a potential return of 116.09% based on the average FNKO price forecast.
Analyzing the FNKO fundamentals
The Funko Inc [NASDAQ:FNKO] reported sales of 1.10B for trailing twelve months, representing a drop of -12.55%. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.15%. To continue investigating profitability, this company’s Return on Assets is posted at -0.2, Equity is -0.62 and Total Capital is -0.21. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.25.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.29 points at the first support level, and at 6.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.53, and for the 2nd resistance point, it is at 6.66.
Ratios To Look Out For
It’s worth pointing out that Funko Inc [NASDAQ:FNKO]’s Current Ratio is 0.95. In addition, the Quick Ratio stands at 0.62 and the Cash Ratio stands at 0.1. Considering the valuation of this stock, the price to sales ratio is 0.30, the price to book ratio is 1.39.
Transactions by insiders
Recent insider trading involved Daw Tracy D, CHIEF LEGAL OFFICER, that happened on Mar 11 ’24 when 4808.0 shares were sold. CHIEF REVENUE OFFICER, Oddie Andrew David completed a deal on Mar 11 ’24 to sell 2337.0 shares. Meanwhile, CHIEF REVENUE OFFICER Oddie Andrew David sold 3422.0 shares on Mar 07 ’24.
