FIGS stock shows short-term potential for a rebound toward $5 FIGS' stock price has been in decline since 2021, falling from a peak of $50.40 in that year to a low of $4.30 in 2024. However, over the past year, the steep downward trend has eased, and the stock has stabilized. In the short term, FIGS has established support around $4.50, with technical patterns indicating a potential upside toward $5.05.
While the risk of revisiting the $4.30 low has not been completely eliminated due to long-term downward pressure, the overall downtrend appears to be losing momentum. If this exhaustion continues, the stock could reach a key resistance level of $10 in the coming months. As long as FIGS maintains support at $4.50, the bullish scenario remains likely.
FIGS, Inc. has several strengths, including its stylish and high-quality medical scrubs, which have built strong brand loyalty among healthcare professionals. Its direct-to-consumer model allows for better control over pricing, inventory, and customer engagement. The company also benefits from a high repeat purchase rate, showing strong customer satisfaction. However, FIGS has some drawbacks, such as its higher price point, which may limit affordability for some buyers. Its growth is also constrained by a narrow product focus and limited international presence. Additionally, since it mainly serves healthcare workers, any changes in the industry could impact its sales.
FIGS trade ideas
Figs Inc | FIGS | Long at $5.24Figs Inc $NYSE:FIGS. Technical analysis play first, fundamentals second.
My selected historical simple moving average lines have converged with the stock price, which often leads to sideways trading and a reversal in the downward trend (i.e. future price increase). The downward trend is flattening, but that doesn't mean post-earnings drop to $1.50-$2.00 isn't out of the question...
The FIGS brand is growing within the healthcare world with significant opportunities overseas. While economic headwinds may impede near/medium-term growth, revenue is anticipated to grow into 2027. EPS is expected to rise from 0.01 in 2024 to 0.20 by 2027. While this is not a "value" play and there is high risk for rug pulls, something may be brewing within the chart for a move up. Tread lightly, however...
Targets
$6.00
$6.40
$7.00
$8.00
6/21/24 - $figs - Interesting <$4.5, obvious mid $3s6/21/24 :: VROCKSTAR :: NYSE:FIGS
Interesting <$4.5, obvious mid $3s
Another oscillator i've traded for some time. bought a small token 10 bps stake this AM to keep it on my pinkie toe in the pool watchlist (which is an upgrade from a watchlist lol bc theoretically there's *some* skin in the game).
the way i think about this one is that the valuation is probably only an obvious buy in the $2-3/shr region. why? there's a ton of dilution and without this, they're not really scaling gross profit w/ the current state of opex. so you lose $3 of GP dollars YoY (in the last Q) but also improve opex by $1. that's a tough situation.
what do i like?
if we use 15c of EPS power in '25 on 30x you're at $4.5. ofc there's a discount rate we need to apply, but realistically that's a fair bogey half way thru the year today as stands with decent results. this is why i say it's more obvious in the $3s handle.
but this is NOT a dead brand. it's in the ever growing healthcare and science industries - which are growth. it's the NASDAQ:LULU of healthcare clothes. someone w/ a more scaled opex structure buys this pretty obviously (already at this px). which is why i think a fair place to start nibbling is here in the low $4s and i start to size up in the high $3s and i'm at a max size in the low $3s (if we ever actually get there - i'd doubt it - but always think ahead so you just execute when we get there, not sht yourself). max size for this type of co for me is maybe 1.5-2%, won't be a mega position as stands.
flagging, tho, on today's move bc it's getting pretty unreasonably beat up and probably more of a factor reason than anything.
have a good weekend fam. lmk if u see it differently
oh, the google trends look pretty solid (*check*)
trends.google.com
V
FIGS - Multibagger potential
Fundamentals look incredible. Chart is setting up nicely with a nice bottom formation in progress.
I have started to notice FIGS outfits at more healthcare facilities. A new trend might be on the rise and it could propel this company to a billion club. Current valuation is too cheap I think. This could well be next NASDAQ:CROX
No position yet, but I will add some for my long term account.
FIGS: is likely to start establishing itself between 7 and 13Stock has bottomed out at 6.93
Analysis of stock’s price action shows that FIGS has probably reached the bottom at 6.93 and is likely to start establishing itself between 7 and 13. It seems a bearish sentiment which started since 2021 has finally come to an end. Strategy should be focused on taking advantage of price weakness rather than chasing the price.
Opportunity to buy dip
Although the downside risk still persists, analysis of historical performance and trend points to possible change in sentiment during 2023. In an optimistic case FIGS price can reach a range between 28 and 50 by 2025. Given the pattern, buying opportunity arises if price falls between 7 and 9.
FIGS | Short to Gap FillNYSE:FIGS may continue its post-IPO decline, even after a big earnings beat. It's in a downward fall and shows weakness after the gap-up. With the Federal Reserve meeting and OpEx this week, it may (at minimum) fill the gap between $14.53 to $15.90 as it moves its way down the falling wedge.
If it gap fills, it may continue the fall, but I wouldn't be surprised if it tested resistance at some point in the near future given the earnings beat.
figs gearing up for long figs looks to be basing here but still too early for long. Earliest entry is break of trendline but more confident entries are a base over ~$22 to breaking above where B is on the XABCD. the target for this would be the 25.25 but speed bump/ other potential reversal areas are at the other lines. Again, i do not think this is read yet but has a nice set up and should be monitored for continuation.
DIPS YOU HAVE TO WATCH - DKNG/PYPL/UPST/BIDU/NIO/ROKU/FIGSAll,
BE PATIENT. Let the market do it's thing and get conformation. There is ALOT of money to be made here if you are patient with call options. I see ROKU/PYPL as immediate buys once market turns around. UPST as well but not tons of support.
FIGS id watch every 30m this one is positive ER really undervalued here on serious support basically a wedge. I like FIGS if it holds or breaks below id watch that even more. FIGS whenever it fully stops I will probably take.
FIGS, On the way to 70 USD! Who wants to miss the chance?FIGS is going to bring us a considerable profit !. How much? lets follow the idea.
FIGS reacted nicely to strong support (34.13 USD) formed by two different types of Fibonacci after an abc form of correction shown on the chart. A considerable up ward move started after the mentioned correction which seems to be the wave 1 of a new 5 leg up going wave. After that, price retraced 61.8 % of the last move. This minor decline maybe the wave 2 of the up going wave cycle. If true, the golden wave 3 move has recently been started. Mentioned up going wave cycle which is itself a wave 3 of a larger cycle Elliott wave can push the price at least up to around 70 USD.
It is worth to note the broken down trend line acted well and nicely as strong support twice which suggests this dynamic support is a strong and valid one.
please note the beautiful bullish reversal in stochastic indicator exactly at the support. Amazing one !
Like always , despite of all these bullish signs we have to trade objectively. So we set our stop loss carefully in the case of opening a long position.
Long trade:
opening price : Current prices
Mid term target: 70
Stop loss : 39
Reward to Risk : around 8 !
Good luck every one and wish you considerable profits.
$FIGS - What I would like to SeeWhen a stock is on my watchlist, I am often thinking ahead of what I would like to see before putting my hard earn money to work. $FIGS is on my WL right now & here is the type of action I would like to c (orange bars). Basically, test $42 & tighten up. I' be very interested!
FIGS - LOOKING FOR $46 - Great FinancialsAll,
Firstly, FIGS is THE hot commodity in the healthcare sector. All major doctors, dentists, surgeons love and buy only FIGS no joke. They are a high quality brand and actually a decent company. FIGS looks ready to pop on confluence support here and wedge. We will see, keep an eye out. See financials below, but I would consider them undervalued here by about $5-$10. I could see FIGS at some point in time being near $100 stock if they keep up their revenue and hype with healthcare workers.
Entry #1: now 5% stop
Entry #2: break of wedge w/ trailing stop
Entry #3: wait for wedge break and see what happens on previous channel retest fail (late entry on break 40-41$ vs now.
Could also of couse go down so do your DD
Financials (Almost all good)
**High ROE: FIGS's Return on Equity (49.9%) is considered outstanding.
PE--
PE vs Industry: FIGS is good value based on its PE Ratio (11x) compared to the US Medical Equipment industry average (48.9x).
PE vs Market: FIGS is good value based on its PE Ratio (11x) compared to the US market (17.9x).
ER/Revenue--
Earnings vs Savings Rate: FIGS's forecast earnings growth (40.2% per year) is above the savings rate (2%).
Earnings vs Market: FIGS's earnings (40.2% per year) are forecast to grow faster than the US market (15% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FIGS's revenue (27.6% per year) is forecast to grow faster than the US market (9.2% per year).
High Growth Revenue: FIGS's revenue (27.6% per year) is forecast to grow faster than 20% per year.
Debt--
Short Term Liabilities: FIGS's short term assets ($146.3M) exceed its short term liabilities ($43.4M).
Long Term Liabilities: FIGS's short term assets ($146.3M) exceed its long term liabilities ($3.6M).
$FIGS is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
Figs is a healthcare apparel company sells uniforms and other accessories to healthcare workers, such as nurses, doctors, and medical students.
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $28.99;
stop-loss — $27.74;
take-profit — 32.74/MOC price.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.