Funko Inc [NASDAQ: FNKO] gained 1.58% or 0.2 points to close at $12.52 with a heavy trading volume of 302280 shares.
The daily chart for FNKO points out that the company has recorded 30.14% gains over the past six months.
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If we look at the average trading volume of 664.12K shares, FNKO reached to a volume of 302280 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $12.25 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 2.50. 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.
B. Riley Securities have made an estimate for Funko Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 10, 2024. While these analysts kept the previous recommendation, Goldman raised their target price from $22 to $8.50. The new note on the price target was released on February 01, 2023, representing the official price target for Funko Inc stock. Previously, the target price had yet another drop from $15 to $13, while Jefferies kept a Hold rating on FNKO stock. On November 07, 2022, analysts decreased their price target for FNKO shares from 35 to 9.
The Average True Range (ATR) for Funko Inc is set at 0.57, with the Price to Sales ratio for FNKO stock in the period of the last 12 months amounting to 0.64. The Price to Book ratio for the last quarter was 2.75, with the Price to Cash per share for the same quarter was set at 0.53. Price to Free Cash Flow for FNKO in the course of the last twelve months was 9.23 with Quick ratio for the last quarter at 0.64.
Trading performance analysis for FNKO stock
Funko Inc [FNKO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.57. With this latest performance, FNKO shares gained by 16.40% in over the last four-week period, additionally plugging by 30.14% over the last 6 months – not to mention a rise of 72.97% 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 60.23, with the RSI for the last a single of trading hit 65.45, and the three-weeks RSI is set at 59.53 for Funko Inc [FNKO]. The present Moving Average for the last 50 days of trading for this stock 11.54, while it was recorded at 12.08 for the last single week of trading, and 9.56 for the last 200 days.
Funko Inc [FNKO]: A deeper dive into fundamental analysis
Funko Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.64 and a Current Ratio set at 0.96.
Funko Inc [FNKO]: An earnings per share (EPS) analysis
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 19.40%.
An analysis of Institutional ownership at Funko Inc [FNKO]
There are presently around $90.21%, or 100.45%% of FNKO stock, in the hands of institutional investors. The top three institutional holders of FNKO stocks are: TCG CAPITAL MANAGEMENT, LP with ownership of 12.52 million shares, which is approximately 24.6926%. WORKING CAPITAL ADVISORS (UK) LTD., holding 7.13 million shares of the stock with an approximate value of $$69.59 million in FNKO stocks shares; and WORKING CAPITAL ADVISORS (UK) LTD., currently with $$44.97 million in FNKO stock with ownership which is approximately 9.086%.
