Long Position on FIGS @ $50.00 on 7/1/2021 (Fundamentals)

FIGS, Inc. (FIGS) operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States.

It designs and sells healthcare apparel and other non-scrub offerings, such as lab coats, under scrubs, outerwear, activewear, loungewear, compression socks footwear, masks, and face shields.

The company markets and sells its products through its digital platform comprising website and mobile app.

FIGS, Inc. was founded in 2013 and is headquartered in Santa Monica, California.

This recent IPO is a hot stock for growth investors, with a low float, shares are surely to head higher. The business is growing quickly and does have high gross margins, so FIGS likely deserves to trade at a high P/S. Shares are expected to move higher out of their bullish "flag" formation.

Entry Point: $50.00

Stop Loss: $47.00

Trading Range: $28.25 - $50.40

Target Price: $55.00

Position closed on 8/5/2021 at price of $47.00 with a -6.00% loss in 35 days.

Back to Portfolio