The stock price of Figs Inc. (NYSE: FIGS) rose on Wednesday after reporting a stronger expected earnings report. The stock previously closed at $14.04 but opened at $15.85 and kept rising as the trading continued.
Figs, Inc. (FIGS) has a market capitalization of $2.878 billion and an average trading volume of around 3 million shares. The trading volume rose to 5.7 shares. The FIGS stock traded at $17.83, up 3.79 points (+26.99%) at the time of writing. The stock has covered its losses from last month and is up around 19% in the past five days.
The Figs Inc. Company has reported $0.09 earnings per share for the fourth quarter of this fiscal year, beating the analysts’ estimates of $0.02. The company’s revenue in this quarter was $128.70 million, against the estimates of $128.06 million. The revenue surged year-over-year by 42.7%, while its negative return on equity was 6.32% and a negative net margin of 2.63%.
Recent News
The CFO of Figs Inc., Daniella Turenshine, recently sold 8,414 shares of its stock in a transaction on 2nd March. The shares were sold at an average price of $14.63, and the total value of the stocks came to around $123,096.82. The transaction was disclosed in a legal filing with the SEC (Securities and Exchange Commission).
Many large investors have also bought and sold shares of the firm. For instance, Regatta Capital Group LLC purchased a new position in Figs for this quarter with a valuation of $932,000. BlackRock Inc. Also raised its stake in shares of FIGS by over 109.2% in this quarter, taking its total shares to 4,298,529 shares of the company’s stock with a valuation at $118,467,000.
About the company
FIGS is the American healthcare apparel brand that sells scrubs that come in a variety of colors and styles and several other products for healthcare professionals.
