Funko Inc. [NASDAQ: FNKO] surged by $1.59 during the normal trading session on Thursday and reaching a high of $13.45 during the day while it closed the day at $12.70. The company report on January 12, 2021 that Funko Awards ChizComm Beacon Media Multi-Platform Media for New Toy Line.
ChizComm Beacon Media is pleased to announce that it has signed with leading pop culture consumer products company Funko, Inc. (“Funko,” or the “Company”) (Nasdaq: FNKO) to handle multi-platform media for their newest toy line, Snapsies.
ChizComm Beacon Media has been awarded Funko, Inc. kids media across linear, digital, VOD, OTT, influencer, search, and social which includes their new @originalfunkokids YouTube and Instagram channels.
Funko Inc. stock has also gained 18.36% of its value over the past 7 days. However, FNKO stock has inclined by 109.92% in the 3 months of the year. Over the past six months meanwhile, it has gained 109.92% and gained 22.35% year-on date.
The market cap for FNKO stock reached $643.25 million, with 35.48 million shares outstanding and 18.85 million shares in the current float. Compared to the average trading volume of 858.74K shares, FNKO reached a trading volume of 1475894 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Funko Inc. [FNKO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FNKO shares is $7.01 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FNKO stock is a recommendation set at 3.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Piper Sandler have made an estimate for Funko Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 04, 2020. While these analysts kept the previous recommendation, BMO Capital Markets dropped their target price from $6.50 to $5. The new note on the price target was released on December 03, 2020, representing the official price target for Funko Inc. stock. Previously, the target price had yet another drop from $10 to $5, while Piper Sandler kept a Neutral rating on FNKO stock. On February 07, 2020, analysts decreased their price target for FNKO shares from 25 to 10.
The Average True Range (ATR) for Funko Inc. is set at 0.81, with the Price to Sales ratio for FNKO stock in the period of the last 12 months amounting to 1.01. The Price to Book ratio for the last quarter was 1.97, with the Price to Cash per share for the same quarter was set at 0.63. Price to Free Cash Flow for FNKO in the course of the last twelve months was 11.03 with Quick ratio for the last quarter at 1.20.
FNKO stock trade performance evaluation
Funko Inc. [FNKO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.36. With this latest performance, FNKO shares gained by 21.53% in over the last four-week period, additionally plugging by 109.92% over the last 6 months – not to mention a drop of -16.88% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FNKO stock in for the last two-week period is set at 70.24, with the RSI for the last a single of trading hit 75.33, and the three-weeks RSI is set at 67.51 for Funko Inc. [FNKO]. The present Moving Average for the last 50 days of trading for this stock 9.64, while it was recorded at 11.20 for the last single week of trading, and 6.53 for the last 200 days.
Funko Inc. [FNKO]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Funko Inc. [FNKO] shares currently have an operating margin of +5.86 and a Gross Margin at +30.24. Funko Inc.’s Net Margin is presently recorded at +1.47.
Return on Total Capital for FNKO is now 8.01, given the latest momentum, and Return on Invested Capital for the company is 2.72. Return on Equity for this stock inclined to 6.14, with Return on Assets sitting at 1.61. When it comes to the capital structure of this company, Funko Inc. [FNKO] has a Total Debt to Total Equity ratio set at 139.86. Additionally, FNKO Total Debt to Total Capital is recorded at 58.31, with Total Debt to Total Assets ending up at 39.58. Long-Term Debt to Equity for the company is recorded at 117.31, with the Long-Term Debt to Total Capital now at 48.91.
Reflecting on the efficiency of the workforce at the company, Funko Inc. [FNKO] managed to generate an average of $11,655 per employee. Receivables Turnover for the company is 5.30 with a Total Asset Turnover recorded at a value of 1.09.Funko Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.70.
Earnings per share (EPS) analysis for Funko Inc. [FNKO] stock
With the latest financial reports released by the company, Funko Inc. posted 0.18/share EPS, while the average EPS was predicted by analysts to be reported at 0.16/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 12.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FNKO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Funko Inc. go to 2.70%.
Funko Inc. [FNKO]: Insider Ownership positions
There are presently around $323 million, or 76.90% of FNKO stock, in the hands of institutional investors. The top three institutional holders of FNKO stocks are: ACON EQUITY MANAGEMENT, L.L.C. with ownership of 10,939,382, which is approximately 0% of the company’s market cap and around 0.50% of the total institutional ownership; WOODSON CAPITAL MANAGEMENT, LP, holding 2,310,855 shares of the stock with an approximate value of $29.35 million in FNKO stocks shares; and BLACKROCK INC., currently with $21.44 million in FNKO stock with ownership of nearly 7.863% of the company’s market capitalization.
Positions in Funko Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 43 institutional holders increased their position in Funko Inc. [NASDAQ:FNKO] by around 2,225,813 shares. Additionally, 36 investors decreased positions by around 2,957,181 shares, while 20 investors held positions by with 20,228,063 shares. The mentioned changes placed institutional holdings at 25,411,057 shares, according to the latest SEC report filing. FNKO stock had 20 new institutional investments in for a total of 1,370,270 shares, while 10 institutional investors sold positions of 1,496,091 shares during the same period.