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- 1 Funko, Inc (NASDAQ: FNKO) stock lost 19.07% on July 14 trading session.
- 2 Michael Lunsford will now hold the position of Funko, Inc CEO after Brian Mariotti’s exit.
Funko, Inc (NASDAQ: FNKO) stock lost 19.07% on July 14 trading session; it opened trading at $9.70, lowering to $7.40; it hit a high of $9.70 and closed at $8.15 with an intraday trading volume of 3.695 Million.
In the monthly time frame, FNKO stock degraded by over 38.07%, and the stock prices slipped by around 16.67% in 3 months. On Friday’s trading session, Funko, Inc stock reflected a massive trading volume which might be a reflex action of an investor who pulled his investment from the company’s stock.
The annual price target of FNKO stock is $11.67, around 43.15% greater than the current trading prices. In the 52-week time frame, it traded at $27.79, and the lowest was at $7.14.
Funko, Inc.’s market capitalization is $413.121 Million, its average volume is 665.394k. Since June 16, FNKO stock started declining and fell over 10-15% till June 23, 2023.
According to TradingView, 31.169 Million Funko, Inc shares are free-floating, and the remaining 16.228 Million shares are closely held by the company’s financial backers or the board of directors.
Source: FNKO stock price chart from TradingView
Funko, Inc revenue-to-profit conversion of Funko, Inc includes 29% of gross profit, 4% of earnings before interest, taxes, depreciation, and amortization (EBITDA), 0% of earnings before interest and taxes (EBIT), and 1% of net income.
Funko, Inc Earning & Revenue
In Q1 2023, Funko, Inc reported 6.92% more revenue than estimated figures. It was assumed that it might report $235.57 Million, but it reported $251.88 Million. For Q2 and Q3 2023, the estimated revenue is $259.29 Million and $349.88 Million.
Earnings Per Share of Funko, Inc reflected an upper movement of 46.80%. The estimated EPS of the company was -$0.92, but it was reported as $0.49. The estimated EPS of the company for Q2 and Q3 are -$0.39 and 0.39.
The majority of Funko, Inc’s income is generated from Pop! Branded Products, Loungefly Branded Products, and others. The company leads its operation in the United States, Europe, and other international regions.
In the short term, the company’s total assets are $473.17 Million, and its liabilities are $361.40 Million. Similarly, in the long term, Funko, Inc.’s total assets are 340.60 Million.
According to a media outlet Funko, Inc’s company has passed a proposal to change the current Chief Executive Officer, Brian Mariotti, with immediate effect, and from now onwards, Michael Lunsford will be serving the position of intern Chief Executive Officer.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
