FNKO Stock Summary and Trading Ideas (Funko - Class A | NASDAQ:FNKO)

Funko Inc is an us-based pop culture consumer products company. It creates whimsical, fun, and different products that enable the customer to express their affinity for their favorite through the movie, TV show, video game, musician, or sports team. The company's current products are principally figures, fashion accessories, apparel, plush products, accessories, homewares, and NFTs. The company sells its products through a diverse network of retail customers across multiple retail channels, including specialty retailers, mass-market retailers, and e-commerce sites. The company generates the majority of its revenue from the core collectibles products.

Funko - Class A trades on the NASDAQ stock market under the symbol FNKO.

As of May 6, 2024, FNKO stock price declined to $6.56 with 295,088 million shares trading.

FNKO has a beta of 1.44, meaning it tends to be more sensitive to market movements. FNKO has a correlation of 0.07 to the broad based SPY ETF.

FNKO has a market cap of $351.29 million. This is considered a Small Cap stock.

Last quarter Funko - Class A reported $291 million in Revenue and $.01 earnings per share. This beat revenue expectation by $9 million and exceeded earnings estimates by $.05.

In the last 3 years, FNKO stock traded as high as $27.79 and as low as $5.27.

The top ETF exchange traded funds that FNKO belongs to (by Net Assets): IWM, VTI, VXF, IWO, SCHA.

FNKO has underperformed the market in the last year with a return of -33.1%, while the SPY ETF gained +28.3%. In the last 3 month period, FNKO fell short of the market, returning -15.5%, while SPY returned +4.8%. However, in the most recent 2 weeks FNKO has outperformed the stock market by returning +9.2%, while SPY returned +4.3%.

FNKO support price is $6.34 and resistance is $6.80 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FNKO stock will trade within this expected range on the day.