The stock of Figs Inc (FIGS) has seen a -15.17% decrease in the past week, with a 7.42% gain in the past month, and a -5.63% decrease in the past quarter. The volatility ratio for the week is 6.80%, and the volatility levels for the past 30 days are at 7.44% for FIGS. The simple moving average for the past 20 days is -6.23% for FIGS’s stock, with a -8.33% simple moving average for the past 200 days.
Is It Worth Investing in Figs Inc (NYSE: FIGS) Right Now?
Figs Inc (NYSE: FIGS) has a price-to-earnings ratio of 51.36x that is above its average ratio. Additionally, the 36-month beta value for FIGS is 1.44. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 7 rating it as “hold,” and 2 rating it as “sell.”
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The public float for FIGS is 128.00M and currently, short sellers hold a 15.04% ratio of that float. The average trading volume of FIGS on September 10, 2024 was 3.81M shares.
FIGS) stock’s latest price update
Figs Inc (NYSE: FIGS) has experienced a decline in its stock price by -1.77 compared to its previous closing price of 5.38. However, the company has seen a fall of -15.17% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-05 that FIGS’ Q2 2024 results showed moderate revenue growth but at the expense of lower margins due to increased spending on products and marketing. The company’s lack of cost management and high gross margins make it vulnerable to competition, justifying my Hold rating. Despite some improvement in guidance, the valuation remains unattractive with the stock trading at a high P/E ratio even under optimistic scenarios.
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 -8.86% 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 -33.77% of loss for the given period.
Volatility was left at 7.44%, however, over the last 30 days, the volatility rate increased by 6.80%, as shares surge +10.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading unchanged at present.
During the last 5 trading sessions, FIGS fell by -14.45%, which changed the moving average for the period of 200-days by -19.85% in comparison to the 20-day moving average, which settled at $5.66. In addition, Figs Inc saw -23.96% 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 Hasson Heather L., who sale 2,983 shares at the price of $6.19 back on Sep 05 ’24. After this action, Hasson Heather L. now owns 422,727 shares of Figs Inc, valued at $18,465 using the latest closing price.
Heather Hasson, the Director of Figs Inc, proposed sale 2,983 shares at $6.19 during a trade that took place back on Sep 05 ’24, which means that Heather Hasson is holding shares at $18,465 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 1.42. 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
In conclusion, Figs Inc (FIGS) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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..
