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Is Funko Stock a Buy After Its 60% Selloff?

Is Funko Stock a Buy After Its 60% Selloff?

Funko (NASDAQ: FNKO) blew up last week, losing 59.4% of its value in six and a half hours of panicked selling, after the "POP" toymaker reported a big earnings miss and warned that full-year earnings will be less than half what it thought they would be just three months ago. Now that Funko has announced this nearly 60% sale (on its shares), though, doesn't that make Funko stock a bargain? A lot of investors thought so on Monday, rushing back into the market to buy Funko stock, driving the share price back up 28.7%.