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Thursday, September 21, 2023

When Will Funko Inc. (FNKO) Slow Down

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Funko Inc. (FNKO) shares are trading at higher $10.90 and the avg recommendation for the stock is Hold, while the current analyst price target stands at $6.26.

To add more color to this target, the company’s high over the last year is $17.76 and the low is $3.12. Over the last 52 weeks, FNKO is down -24.98% while the S&P 500 is up 18.53%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, FNKO reported a profit of $73.72 million. Funko Inc. also saw revenues increase to $191.23 million. In addition, FNKO has free cash flow of $45.64 million as of 09-2020. The company’s EBITDA came in at $33.61 million which compares well with its peers.

FNKO booked profit margins of -1.40%, its Return on Equity (ROE) is -4.10%, and its Return on Assets is -1.20%. All told, it is clear that, FNKO needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. FNKO has a short ratio of 4.93 and outstanding shares of 35.48M.

Company Outlook

FNKO has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.5 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.27. Funko Inc. FNKO also noted assets of $762.78 million at the end of the last quarter. Investors should also keep an eye on sector updates as FNKO has historically followed its peers on positive news.

All told, Funko Inc. FNKO has strung together solid data and demonstrated underlying fundamentals. At its current valuation, FNKO represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Funko Inc. FNKO is now commanding a market cap of 420.09M and a float of 18.85M. FNKO is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of FNKO stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in FNKO, either long or short, and we have not been compensated for this article.

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