Figs Inc (NYSE: FIGS) has experienced a decline in its stock price by -1.13 compared to its previous closing price of 6.62. However, the company has seen a gain of 0.54% in its stock price over the last five trading days. investorplace.com reported 2024-07-17 that What would you say if there was a reliable, evergreen indicator that a company will consistently out-innovate its competitors and, by extension, have a greater chance of long-term survival and market outperformance? While it may seem a pipe dream, research indicates that founder-led companies do just that, creating a unique set of parameters when looking for stocks to buy.
Is It Worth Investing in Figs Inc (NYSE: FIGS) Right Now?
Figs Inc (NYSE: FIGS) has a higher price-to-earnings ratio of 53.74x compared to its average ratio, The 36-month beta value for FIGS is at 1.38. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for FIGS is 127.86M, and currently, shorts hold a 12.13% of that float. The average trading volume for FIGS on July 31, 2024 was 3.54M shares.
FIGS’s Market Performance
FIGS stock saw an increase of 0.54% in the past week, with a monthly gain of 16.25% and a quarterly increase of 28.08%. The volatility ratio for the week is 5.16%, and the volatility levels for the last 30 days are 5.73% for Figs Inc (FIGS). The simple moving average for the past 20 days is 9.38% for FIGS’s stock, with a 12.28% 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 18.90% 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 -17.98% of loss for the given period.
Volatility was left at 5.73%, however, over the last 30 days, the volatility rate increased by 5.16%, as shares surge +18.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.06% upper at present.
During the last 5 trading sessions, FIGS rose by +0.92%, which changed the moving average for the period of 200-days by +5.63% in comparison to the 20-day moving average, which settled at $6.04. In addition, Figs Inc saw -5.83% 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 Fosty Kevin, who sale 1,005 shares at the price of $5.53 back on Jul 03 ’24. After this action, Fosty Kevin now owns 65,990 shares of Figs Inc, valued at $5,558 using the latest closing price.
Hasson Heather L., the Executive Chair of Figs Inc, sale 3,011 shares at $5.19 during a trade that took place back on Jun 04 ’24, which means that Hasson Heather L. is holding 465,859 shares at $15,616 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
- 0.68 for the gross margin
The net margin for Figs Inc stands at 0.04. The total capital return value is set at 0.07. Equity return is now at value 6.24, with 4.93 for asset returns.
Based on Figs Inc (FIGS), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at 1.98. The debt to equity ratio resting at 0.15. The interest coverage ratio of the stock is 3.98.
Currently, EBITDA for the company is 36.99 million with net debt to EBITDA at -2.77. When we switch over and look at the enterprise to sales, we see a ratio of 1.78. The receivables turnover for the company is 100.63for trailing twelve months and the total asset turnover is 1.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.65.
Conclusion
In conclusion, Figs Inc (FIGS) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
