Can You Buy Stock In Funko
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can you buy stock in funko
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Valuing Funko stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Funko's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Funko shares are trading for around $21, giving it a price-to-sales ratio of less than 1. The stock is cheap, but the company has potential in spades. Funko boasts a gross margin of 32.7%, meaning that management is doing a solid job of controlling costs.
Funko stock last closed at $8.15, down 0.61% from the previous day, and has decreased 52.94% in one year. It has underperformed other stocks in the Leisure industry by 0.29 percentage points. Funko stock is currently +14.15% from its 52-week low of $7.14, and -70.67% from its 52-week high of $27.79.
Funko's (FNKO 5.89%) stock is definitely in a funk. Shares of the pop culture collectibles maker sank 59% to a two-year low on Nov. 4 after the company posted its third-quarter report. Revenue rose 37% year over year to $365.6 million, beating analysts' estimates by $46 million. However, its adjusted net income fell 28% to $15.1 million, or $0.28 per share, and missed the consensus forecast by $0.22.
Funko's stock now trades at just four times forward earnings and 0.3 times next year's sales, but those expectations are pegged to analysts' expectations, which will likely shrink after its latest earnings report. By comparison, Hasbro and Mattel -- which are much larger but also dealing with slower consumer spending -- trade at 11 and 10 times forward earnings, respectively.
Therefore, Funko's stock could easily double from these levels if its growth rates stabilize. Unfortunately, it doesn't seem like Funko will regain its momentum anytime soon. Its revenue growth is decelerating, its margins are crumbling, and its main turnaround strategy is to raise its prices as consumers grapple with record inflation. Funko might eventually be a good takeover target for Hasbro, Mattel, or other toy makers -- but it could still fall a lot further before potential suitors show up.
Funko Inc (FNKO) receives a strong valuation ranking of 95 from InvestorsObserver data analysis. The proprietary ranking system focuses on the underlying health of a company through analysis of its stock price, earnings, and growth rate. FNKO has a better value than 95% of stocks based on these valuation analytics. Investors primarily focused on buy-and-hold strategies will find the valuation ranking relevant to their goals when making investment decisions. (adsbygoogle = window.adsbygoogle ).push(); FNKO gets a 95 Valuation Rank today. Find out what this means to you and get the rest of the rankings on FNKO!See Full FNKO ReportMetrics AnalysisFNKO's trailing-12-month Price to Earnings (PE) ratio of 10.6 puts it around the historical average of roughly 15. FNKO is a average value at its current trading price as investors are paying around what its worth in relation to the company's earnings. FNKO's trailing-12-month earnings per share (EPS) of 0.98 does justify what it is currently trading at in the market. Trailing PE ratios, however, do not factor in a company's projected growth rate, resulting in some firms having high PE ratios due to high growth potentially enticing investors even if current earnings are low. (adsbygoogle = window.adsbygoogle ).push();FNKO's 12-month-forward PE to Growth (PEG) ratio of 0.91 is considered a roughly average value as the market is valuing FNKO right in line with its projected earnings growth. FNKO's PEG comes from its forward price to earnings ratio being divided by its growth rate. A PEG ratio of 1 represents a perfect correlation between earnings growth and share price. Due to their incorporation of more fundamentals of a company's overall health and focusing on the future rather than the past, PEG ratios are one of the most used valuation metrics by analysts today.SummaryFNKO' has a adequate valuation at its current share price on account of a fairly valued PEG ratio despite strong growth. FNKO's PE and PEG are around the market average leading to a average valuation score. Click Here to get the full Report on Funko Inc (FNKO) stock.
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Insiders who purchased Funko, Inc. (NASDAQ:FNKO) shares in the past 12 months are unlikely to be deeply impacted by the stock's 23% decline over the past week. Reason being, despite the recent loss, insiders original purchase value of US$1.7m is now worth US$2.0m.
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insiders sold stock recently, but they haven't been buying. But we take heart from prior transactions. But we'd like it if insiders owned more stock, overall. So overall it's hard to argue insiders are bullish. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Be aware that Funko is showing 3 warning signs in our investment analysis, and 2 of those make us uncomfortable...
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
People can't get enough of Funko Pop!s The pop culture collectibles company Funko (FNKO) cleared Wall Street expectations with its second-quarter report after market close Thursday. Funko continued its streak of revenue growth with record sales for the quarter and first half of the year. And the company raised its outlook on the performance. FNKO stock broke out in the days leading up to the report. But it failed to develop and shares fell into stop loss territory on Funko's first earnings decline in six quarters.
FNKO broke out from a 15-month cup-with-handle base ahead of its earnings report. It passed its official buy point of 26.03 in MarketSmith near the end of July. On Thursday's close, FNKO stock traded near the top of its buy range, which extends to 27.22. Buy ranges extend 5% above a stock's buy point.
But Funko shares tumbled after hours and closed Friday's trading down 16.81%. The fall put FNKO stock in stop loss territory, meaning its current breakout failed. Stop loss zones stretch 7% to 8% below a stock's buy point to prevent investors from potentially losing money. For now, it's best for investors to wait and see where it goes. If FNKO stock consolidates for at least six or seven weeks, a new base could emerge with another possible entry.
FNKO stock leads IBD's Leisure, Hobbies and Games group. It has a perfect Composite Rating of 99, which combines a number of key technical indicators. FNKO stock has a Relative Strength Rating of 98, indicating strong performance against its peers in the S&P 500 over the last 12 months. Though Funko slipped up on its earnings growth streak, it still has a solid EPS rating of 91.
Self-professed geeks everywhere admit to an unusual fondness for collectibles. That quirky love propelled Funko (FNKO) sales through the Covid pandemic. And, coming off a year of record financial performance, it helped Funko stock bypass the current stock market downturn. Shares broke out from a valid base pattern on Thursday following an analyst upgrade. 041b061a72