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Friday, September 29, 2023

Is Funko Inc. (NASDAQ: FNKO) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Funko Inc. (FNKO) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.13, or 1.83%, to $7.23. The Funko Inc. has recorded 19,716 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Funko Reports 2023 Second Quarter Financial Results, Revises Full-Year Outlook.

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Stocks Info

This NASDAQ-listed company operates within the Leisure industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $7.10 and fluctuated between $7.20 as its day high and $6.73 as its day low. The current market capitalization of Funko Inc. is $368.28M. A total of 0.84 million shares were traded on the day, compared to an average of 819.31K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, FNKO has seen 8 BUY and 2 SELL insider trades, representing the acquisition of 1,716,900 and the disposition of 166,665 shares. Over the last 12 months, there were 38 BUYs and 17 SELLs from insiders. Insiders purchased 2,021,969 shares during that period but sold 291,116.

In the most recent transaction, Working Capital Advisors (UK) bought 7,647 shares of FNKO for 7.01 per share on Sep 07. After the transaction, the 10% Owner now owns 6,524,322 company shares. In a previous transaction on Sep 06, Working Capital Advisors (UK) bought 69,531 shares at 6.88 per share. FNKO shares that 10% Owner owns now total 6,516,675.

Among the insiders who bought shares, Working Capital Advisors (UK) acquired of 125,558 shares on Sep 05 at a per-share price of $6.79. This resulted in the 10% Owner holding 6,447,144 shares of FNKO after the transaction. In another insider transaction, Working Capital Advisors (UK) bought 8,478 shares at $6.46 per share on Aug 29. Company shares held by the 10% Owner now total 6,321,586.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for FNKO in the last 3 months, the mean price target is $7.80 with high estimates of $9.50 and low estimates of $5.50. In terms of 52-week highs and lows, FNKO has a high of $25.24 and a low of $5.27.

As of this writing, FNKO has an earnings estimate of -$0.08 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.06 per share and a lower estimate of -$0.1. The company reported an EPS of -$0.49 in the last quarter, which was 46.70% higher than expectations of -$0.92.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. FNKO’s latest balance sheet shows that the firm has $83.56M in Cash & Short Term Investments as of fiscal 2021. There were $238.63M in debt and $285.01M in liabilities at the time. Its Book Value Per Share was $5.29, while its Total Shareholder’s Equity was $396.56M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FNKO is Buy with a score of 3.00.

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