Funko Inc (NASDAQ:FNKO) price on Friday, January 17, rose 0.30% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $13.17.
A look at the stock’s price movement, the close in the last trading session was $13.13, moving within a range at $13.03 and $13.46. The beta value (5-Year monthly) was 1.211. Turning to its 52-week performance, $14.65 and $5.36 were the 52-week high and 52-week low respectively. Overall, FNKO moved 13.05% over the past month.
Funko Inc’s market cap currently stands at around $713.24 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 285.79M for the company’s revenue for the quarter, with a low and high estimate of 281M and 291.24M respectively. The average forecast suggests down to a -1.87% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.04B, representing a -4.94% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that FNKO is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 3 recommend FNKO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
FNKO’s current price about -0.66% and 9.18% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.50, while 7-day volatility ratio is 5.54% and 5.39% in the 30-day chart. Further, Funko Inc (FNKO) has a beta value of 1.16, and an average true range (ATR) of 0.65. Analysts have given the company’s stock an average 52-week price target of $15, forecast between a low of $12 and high of $16. Looking at the price targets, the low is 8.88% off current price level while to achieve the yearly target high, price needs to move -21.49%. Nonetheless, investors will most likely welcome a -13.9% jump to $15 which is the analysts’ median price.
If we refocus on Funko Inc (NASDAQ:FNKO), historical trading data shows that trading volumes averaged 0.73 over the past 10 days and 754.38K over the past 3 months. The company’s latest data on shares outstanding shows there are 52.69 million shares.
The 33.98% of Funko Inc’s shares are in the hands of company insiders while institutional holders own 60.24% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.52 million on 2024-12-31, giving us a short ratio of 3.24. The data shows that as of 2024-12-31 short interest in Funko Inc (FNKO) stood at 1092.0 of shares outstanding, with shares short rising to 3.44 million registered in 2024-11-29. Current price change has pushed the stock -1.64% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FNKO stock continues to rise going into the next quarter.
