Here’s some evidence of Figs’ pricing power: While the company is not yet profitable on an operating basis — which isn’t uncommon for a recent IPO — the company boasts 70% gross margins, which means that it is able to make a significant profit on the products it sells.
Will FIGS stock go back up?
The 11 analysts offering 12-month price forecasts for Figs Inc have a median target of 15.00, with a high estimate of 22.00 and a low estimate of 7.00. The median estimate represents a +40.32% increase from the last price of 10.69.
Why is FIG stock dropping?
Shares of Figs sank in Friday after the maker of fashionable medical scrubs cut its revenue forecast for 2022. Figs (ticker: FIGS) said it expects net revenue of $510 million to $530 million, down from its previous outlook of $550 million to $560 million.
Are FIGS overvalued?
Although FIGS has a unique business model, the healthcare apparel industry has low barriers to entry. The stock is currently trading below its 50-day and 200-day moving averages of $34.29 and $37.62, respectively, indicating a downtrend. It also looks overvalued at its current price level.
Is FIGS a private company?
It was founded in 2013 by Heather Hasson and Trina Spear, who both serve as co-CEOs. FIGS, Inc.
FIGS (apparel)
| Type | Public company |
|---|---|
| Headquarters | Santa Monica, California, U.S. |
| Products | Scrubs |
| Number of employees | 264 (December 31, 2021) |
| Website | wearfigs.com |
Is it a good idea to invest in FIGS?
FIGS appears to have disrupted the healthcare apparel market, elevating scrubs and creating premium products for healthcare professionals. According to a Research and Markets report, the global scrub-suits market is expected to grow at a 7.7% CAGR between 2020 – 2028. So, FIGS should keep benefiting.
What is the future of FIGS?
Figs’ full year revenue added up to about $420 million, a 59.5% increase compared to 2020. It also posted a net loss of $9.6 million or 6 cents per share, which included a $50.4 million in pre-tax stock-based compensation expense incurred in connection with its July 2021 IPO.
164.77M
FIGS, Inc. has 164.77 million shares outstanding. The number of shares has increased by 6.41% in one year.
Share Statistics.
| Shares Outstanding | 164.77M |
|---|---|
| Shares Change (YoY) | +6.41% |
| Shares Change (QoQ) | +0.34% |
| Owned by Insiders (%) | 24.33% |
| Owned by Institutions (%) | 67.27% |
Is FIGS a buy now?
FIGS has received a consensus rating of Buy. The company’s average rating score is 2.55, and is based on 5 buy ratings, 4 hold ratings, and 1 sell rating.
Who is Heather Hasson?
Heather Hasson is the Co-CEO and Co-founder of FIGS, the digitally native, DTC healthcare apparel and lifestyle brand creating technically advanced products for the modern healthcare professional.
How much is Trina Spear worth?
Following the IPO, shares surged 36%, and Hasson and Spear each sported net worths of nearly $700 million.
Why is FIGS so successful?
Figs has become one of the fastest growth stories in the apparel industry by seizing on a simple idea: make quality health care apparel that’s comfortable and flattering, with forehead-slappingly obvious features like zippered pockets to store a wallet or wedding ring and fabric capable of repelling bodily fluids.
What is wrong with figs Scrubs?
Popular scrubs company FIGS generates backlash from women in medicine and DOs after insensitive video. A now-deleted video, seen above, shared by scrubs company FIGS offended women in medicine and doctors of osteopathic medicine who said it misrepresented women health care professionals and DOs alike.
Are FIG scrubs profitable?
In fact, FIGS’ 2020 fiscal year was profitable, with $263 million in revenue and $57 million in net income. A 73% gross margin is relatively unheard of for clothing manufacturers.
How many customers FIGS have?
The company also grew its total customer base to 1.7 million active buyers from 1.3 million. Active buyers are those who have made a purchase within the last 12 months. Figs generated a net income of $7 million or 3 cents a share in the quarter, a 64.2% decrease compared to the third quarter of 2020.
Are FIGS but?
Figs are not actually fruits but a mass of inverted flowers and seeds that are pollinated by a species of tiny symbiotic wasps. The male fig flower is the only place where the female wasp can lay her eggs, at the bottom of a narrow opening in the fruit that she shimmies her way through.
Can I still buy FIGS stock?
Figs shares (FIGS) are listed on the NYSE and all prices are listed in US Dollars. Figs employs 264 staff and has a trailing 12-month revenue of around $442.6 million.
Figs shares at a glance.
| Latest market close | $9.69 |
|---|---|
| Earnings per share (TTM) more info button | $-0.08 |
Will FIGS pay dividends?
FIGS does not currently pay a dividend.
What does FIGS stand for?
FIGS. FIGS is an acronym for French, Italian, German, Spanish. These are usually the first four languages chosen to localize products into when a company enters the European market.
How much is Heather Hasson worth?
The current estimated net worth of Figs, Inc’s Co-Chief Executive Officer, Heather L Hasson, is estimated to be about $111.64M . Heather L Hasson owns about 1,460,379 units of Figs, Inc common stock. In the last year at Figs, Inc, Heather L Hasson has sold an estimated value of $104.36M worth.
How long has figs scrubs been around?
Figs was founded by fashion-industry alum Heather Hasson and Blackstone BX -2.8% associate Trina Spear in 2013, with the goal of spiffing up the dusty world of hospital scrubs with a more stylish uniform.
Justin Shelton is a professional cook. He’s been in the industry for over 10 years, and he loves nothing more than creating delicious dishes for others to enjoy. Justin has worked in some of the best kitchens in the country, and he’s always looking for new challenges and ways to improve his craft. When he’s not cooking, Justin enjoys spending time with his wife and son. He loves exploring new restaurants and trying out different cuisines.