Figs Inc (NYSE: FIGS) has a higher price-to-earnings ratio of 40.43x compared to its average ratio. FIGS has 36-month beta value of 1.41. 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.”
The public float for FIGS is 155.92M, and currently, short sellers hold a 13.16% ratio of that float. The average trading volume of FIGS on May 08, 2024 was 3.71M shares.
FIGS) stock’s latest price update
Figs Inc (NYSE: FIGS) has experienced a rise in its stock price by 0.50 compared to its previous closing price of 5.00. However, the company has seen a fall of -0.89% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-07 that Besides Wall Street’s top -and-bottom-line estimates for Figs (FIGS), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.
FIGS’s Market Performance
FIGS’s stock has fallen by -0.89% in the past week, with a monthly drop of -6.42% and a quarterly drop of -14.54%. The volatility ratio for the week is 5.31% while the volatility levels for the last 30 days are 4.04% for Figs Inc The simple moving average for the past 20 days is 2.25% for FIGS’s stock, with a -17.05% simple moving average for the past 200 days.
Analysts’ Opinion of FIGS
Many brokerage firms have already submitted their reports for FIGS stocks, with BofA Securities repeating the rating for FIGS by listing it as a “Underperform.” The predicted price for FIGS in the upcoming period, according to BofA Securities is $4.50 based on the research report published on April 02, 2024 of the current year 2024.
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 -0.44% 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 -43.16% of loss for the given period.
Volatility was left at 4.04%, however, over the last 30 days, the volatility rate increased by 5.31%, as shares sank -3.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.60% lower at present.
During the last 5 trading sessions, FIGS fell by -0.79%, which changed the moving average for the period of 200-days by -31.94% in comparison to the 20-day moving average, which settled at $4.90. In addition, Figs Inc saw -27.70% 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 1.31. 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.
