This Stock Crushed Earnings. Is It a Buy?

Apparel company FIGS (NYSE: FIGS) has stayed relatively under the radar since its IPO in May 2021, yet the company has performed extremely well. Unlike other IPOs that jump 100% or more during the first months of trading before suffering a long, hard fall, FIGS has been a steady performer. The stock rose 36% in its first day of trading, and shares have remained above that first-day benchmark ever since, now up almost 60% from the IPO price of $22 per share.

FIGS, however, saw its stock sell off after reporting strong earnings, becoming the latest victim of a fickle market. Here's why I think investors should take advantage of this opportunity to pick up shares at a discount.

Image source: Getty Images.

Source Fool.com