Down 50% From Its High, Is Figs Stock a Smart Buy?

Figs (NYSE: FIGS) is the largest direct-to-consumer platform in the healthcare apparel industry. The company made its public debut in May 2021, and like many recent IPOs, the stock price has fallen sharply. In fact, its share price is down more than 50% from its all-time high. Even so, there's a lot to like about this business, including strong revenue growth, positive free cash flow, and an intensely loyal customer base.

In this Backstage Pass video, recorded on Jan. 4, Motley Fool contributor Jamie Louko explains why Fig could be a lucrative long-term investment.

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Source Fool.com