Figs Inc (NYSE: FIGS) has seen a decline in its stock price by -2.80 in relation to its previous close of 5.90. However, the company has experienced a 18.00% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-10 that FIGS, Inc. (NYSE:FIGS ) Q2 2024 Earnings Call August 8, 2024 5:00 PM ET Company Participants Todd Maron – Investor Relations Trina Spear – Co-Founder and Chief Executive Officer Kevin Fosty – Interim Chief Financial Officer Conference Call Participants Brooke Roach – Goldman Sachs Bob Drbul – Guggenheim Dana Telsey – Telsey Group Adrienne Yih – Barclays Rakesh Patel – Raymond James Chandana Madaka – KeyBanc Matt Koranda – Roth Capital Partners Nathan Feather – Morgan Stanley John Kernan – TD Cowen Brian Nagel – Oppenheimer Operator Good afternoon. Thank you for joining today’s FIGS Second Quarter and Fiscal 2024 Earnings Conference Call.
Is It Worth Investing in Figs Inc (NYSE: FIGS) Right Now?
The price-to-earnings ratio for Figs Inc (NYSE: FIGS) is 55.73x, which is above its average ratio. Moreover, the 36-month beta value for FIGS is 1.42. Analysts have varying opinions 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 127.18M and currently, short sellers hold a 13.73% of that float. On August 20, 2024, FIGS’s average trading volume was 3.73M shares.
FIGS’s Market Performance
FIGS stock saw a decrease of 18.00% in the past week, with a monthly decline of -7.80% and a quarterly a decrease of 3.15%. The volatility ratio for the week is 6.25%, and the volatility levels for the last 30 days are 7.12% for Figs Inc (FIGS). The simple moving average for the last 20 days is -2.84% for FIGS stock, with a simple moving average of -1.06% for the last 200 days.
Analysts’ Opinion of FIGS
Many brokerage firms have already submitted their reports for FIGS stocks, with Telsey Advisory Group repeating the rating for FIGS by listing it as a “Market Perform.” The predicted price for FIGS in the upcoming period, according to Telsey Advisory Group is $7 based on the research report published on August 09, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see FIGS reach a price target of $4.50, previously predicting the price at $8.50. The rating they have provided for FIGS stocks is “Underperform” according to the report published on April 02nd, 2024.
FIGS Trading at 3.01% 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 -28.13% of loss for the given period.
Volatility was left at 7.12%, however, over the last 30 days, the volatility rate increased by 6.25%, as shares sank -14.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.57% upper at present.
During the last 5 trading sessions, FIGS rose by +17.70%, which changed the moving average for the period of 200-days by +8.13% in comparison to the 20-day moving average, which settled at $5.85. In addition, Figs Inc saw -17.48% 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 Hasson Heather L., who sale 40,149 shares at the price of $5.70 back on Aug 07 ’24. After this action, Hasson Heather L. now owns 425,710 shares of Figs Inc, valued at $228,849 using the latest closing price.
Fosty Kevin, the Former Interim CFO of Figs Inc, sale 454 shares at $5.70 during a trade that took place back on Aug 07 ’24, which means that Fosty Kevin is holding 65,536 shares at $2,588 based on the most recent closing price.
Stock Fundamentals for FIGS
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.67 for the gross margin
The net margin for Figs Inc stands at 0.03. The total capital return value is set at 0.06. Equity return is now at value 5.06, with 3.99 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 1.73. The debt to equity ratio resting at 0.15. The interest coverage ratio of the stock is 3.34.
Currently, EBITDA for the company is 36.99 million with net debt to EBITDA at -2.38. When we switch over and look at the enterprise to sales, we see a ratio of 1.64. The receivables turnover for the company is 43.31for trailing twelve months and the total asset turnover is 1.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.45.
Conclusion
To wrap up, the performance of Figs Inc (FIGS) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
