The stock of Figs Inc (FIGS) has seen a 6.16% increase in the past week, with a -21.51% drop in the past month, and a -11.19% decrease in the past quarter. The volatility ratio for the week is 4.67%, and the volatility levels for the past 30 days are at 4.97% for FIGS. The simple moving average for the last 20 days is -13.01% for FIGS’s stock, with a simple moving average of -10.70% for the last 200 days.
Is It Worth Investing in Figs Inc (NYSE: FIGS) Right Now?
The price-to-earnings ratio for Figs Inc (NYSE: FIGS) is above average at 84.75x, Company’s 36-month beta value is 1.38.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 7 as “hold,” and 2 as “sell.”
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The public float for FIGS is 127.13M, and currently, short sellers hold a 17.79% ratio of that floaft. The average trading volume of FIGS on November 19, 2024 was 2.90M shares.
FIGS) stock’s latest price update
Figs Inc (NYSE: FIGS)’s stock price has gone rise by 0.40 in comparison to its previous close of 4.98, however, the company has experienced a 6.16% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-11-13 that Figs reported disappointing 3Q24 results with a 2% revenue decline and a 13 percentage point drop in adjusted EBITDA margins, leading to a 30% stock price drop. The company’s high SG&A expenses and lack of growth make it difficult to compete against lower-priced alternatives, justifying my Hold rating. Questionable $25 million investment in a pre-product healthcare education app raises concerns about capital allocation and potential conflicts of interest.
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 -17.29% 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 -37.34% of loss for the given period.
Volatility was left at 4.97%, however, over the last 30 days, the volatility rate increased by 4.67%, as shares sank -18.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.65% lower at present.
During the last 5 trading sessions, FIGS rose by +6.58%, which changed the moving average for the period of 200-days by -14.19% in comparison to the 20-day moving average, which settled at $5.75. In addition, Figs Inc saw -28.06% 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 38,575 shares at the price of $6.32 back on Nov 06 ’24. After this action, Hasson Heather L. now owns 384,152 shares of Figs Inc, valued at $243,971 using the latest closing price.
Heather Hasson, the Director of Figs Inc, proposed sale 38,575 shares at $6.32 during a trade that took place back on Nov 06 ’24, which means that Heather Hasson is holding shares at $243,971 based on the most recent closing price.
Stock Fundamentals for FIGS
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.67 for the gross margin
The net margin for Figs Inc stands at 0.02. The total capital return value is set at 0.02. Equity return is now at value 2.86, with 2.20 for asset returns.
Currently, EBITDA for the company is 36.99 million with net debt to EBITDA at -6.15. When we switch over and look at the enterprise to sales, we see a ratio of 1.35. The receivables turnover for the company is 52.26for trailing twelve months and the total asset turnover is 1.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.58.
Conclusion
In a nutshell, Figs Inc (FIGS) has experienced a bad performance in recent times. The stock has received mixed “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.
