Figs Inc (FIGS) Shares Down Despite Recent Market Volatility

Figs Inc (NYSE: FIGS)’s stock price has dropped by -6.80 in relation to previous closing price of 4.85. Nevertheless, the company has seen a loss of -4.84% in its stock price over the last five trading days. The Motley Fool reported 2024-02-29 that Figs surpassed management’s guidance but fell short of Wall Street’s expectations nevertheless. The company is in good financial shape, and the stock is cheap, but Figs needs to get back to growth.

Is It Worth Investing in Figs Inc (NYSE: FIGS) Right Now?

Figs Inc (NYSE: FIGS) has a higher price-to-earnings ratio of 36.36x compared to its average ratio. FIGS has 36-month beta value of 1.48. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for FIGS is 155.72M, and currently, short sellers hold a 14.25% ratio of that float. The average trading volume of FIGS on April 02, 2024 was 4.18M shares.

FIGS’s Market Performance

FIGS stock saw a decrease of -4.84% in the past week, with a monthly decline of -12.91% and a quarterly a decrease of -34.96%. The volatility ratio for the week is 3.92%, and the volatility levels for the last 30 days are 4.54% for Figs Inc (FIGS). The simple moving average for the past 20 days is -11.73% for FIGS’s stock, with a -29.80% simple moving average for the past 200 days.

Analysts’ Opinion of FIGS

Telsey Advisory Group gave a rating of “Market Perform” to FIGS, setting the target price at $6 in the report published on February 29th of the current year.

FIGS Trading at -19.83% from the 50-Day Moving Average

After a stumble in the market that brought FIGS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -48.87% of loss for the given period.

Volatility was left at 4.54%, however, over the last 30 days, the volatility rate increased by 3.92%, as shares sank -18.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.65% lower at present.

During the last 5 trading sessions, FIGS fell by -4.84%, which changed the moving average for the period of 200-days by -46.32% in comparison to the 20-day moving average, which settled at $5.07. In addition, Figs Inc saw -34.96% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at FIGS starting from Turenshine Daniella, who sale 15,762 shares at the price of $5.54 back on Mar 05 ’24. After this action, Turenshine Daniella now owns 409,858 shares of Figs Inc, valued at $87,282 using the latest closing price.

Hasson Heather L., the Executive Chair of Figs Inc, sale 1,824 shares at $5.54 during a trade that took place back on Mar 05 ’24, which means that Hasson Heather L. is holding 497,484 shares at $10,100 based on the most recent closing price.

Stock Fundamentals for FIGS

Current profitability levels for the company are sitting at:

  • 0.06 for the present operating margin
  • 0.69 for the gross margin

The net margin for Figs Inc stands at 0.04. The total capital return value is set at 0.08. Equity return is now at value 6.61, with 5.21 for asset returns.

Based on Figs Inc (FIGS), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at 2.14. The debt to equity ratio resting at 0.13. The interest coverage ratio of the stock is -31.79.

Currently, EBITDA for the company is 36.99 million with net debt to EBITDA at -2.57. When we switch over and look at the enterprise to sales, we see a ratio of 1.16. The receivables turnover for the company is 73.05for trailing twelve months and the total asset turnover is 1.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.73.

Conclusion

To put it simply, Figs Inc (FIGS) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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