In a filing, Funko Inc. revealed its 10% Owner Working Capital Advisors (UK) acquired Company’s shares for reported $0.8 million on Sep 12. In the deal valued at $7.04 per share,112,886 shares were bought. As a result of this transaction, Working Capital Advisors (UK) now holds 6,818,797 shares worth roughly $ 51.89 million.
Then, Working Capital Advisors (UK) bought 71,399 shares, generating $497,144 in total proceeds. Upon buying the shares at $6.96, the 10% Owner now owns 6,705,911 shares.
Before that, Working Capital Advisors (UK) bought 110,190 shares. Funko Inc. shares valued at $766,779 were divested by the 10% Owner at a price of $6.96 per share. As a result of the transaction, Working Capital Advisors (UK) now holds 6,634,512 shares, worth roughly $50.49 million.
Goldman downgraded its Funko Inc. [FNKO] rating to a Sell from a a Neutral in a research note published on Friday, February 01, 2023; the price target was decreased to $8.50 from $22. PT values the company’s stock at a premium of 10.47 to its Friday closing price.
Price Performance Review of FNKO
On Friday, Funko Inc. [NASDAQ:FNKO] saw its stock fall -6.28% to $7.61. On the same session, the stock had its day’s lowest price of $7.50, but rose to a high of $8.10. Over the last five days, the stock has gained 7.18%. Funko Inc. shares have fallen nearly -30.25% since the year began. Nevertheless, the stocks have fallen -68.29% over the past one year. While a 52-week high of $24.69 was reached on 06/14/23, a 52-week low of $5.27 was recorded on 08/16/23. SMA at 50 days reached $7.25, while 200 days put it at $9.75. A total of 0.77 million shares were traded, compared to the trading of 0.89 million shares in the previous session.
Levels Of Support And Resistance For FNKO Stock
The 24-hour chart illustrates a support level at 7.37, which if violated will result in even more drops to 7.14. On the upside, there is a resistance level at 7.97. A further resistance level may holdings at 8.34. The Relative Strength Index (RSI) on the 14-day chart is 58.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.82%. Stochastics %K at 90.23% indicates the stock is a selling.
How much short interest is there in Funko Inc.?
A steep rise in short interest was recorded in Funko Inc. stocks on Aug 30, 2023, growing by 0.21 million shares to a total of 3.29 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 3.08 million shares. There was a rise of 6.38%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 9.18% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.15.
According to FactSet, Funko Inc.’s share price will average $7.80 in the next year, based on opinions of analysts polled by the firm. This is down nearly -1.48 percent from its previous closing price of $8.12. Analysts expect Funko Inc. stock to reach the higher price of $9.50, while the lowest price estimate is $5.50. However, 5 analysts have rated FNKO stock as a Hold in their predictions for 2023.