FIGS Back To Q1 Prices, But The Name Is Still A Hold
Portfolio Pulse from
Figs reported disappointing Q3 2024 results with a 2% revenue decline and a significant drop in EBITDA margins, causing a 30% stock price drop. High SG&A expenses and a questionable investment decision raise concerns, justifying a Hold rating.

November 13, 2024 | 3:30 pm
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NEGATIVE IMPACT
Figs reported a 2% revenue decline and a 13 percentage point drop in adjusted EBITDA margins for Q3 2024, leading to a 30% stock price drop. High SG&A expenses and a questionable $25 million investment raise concerns.
The 2% revenue decline and significant drop in EBITDA margins indicate poor financial performance, leading to a 30% stock price drop. High SG&A expenses and a questionable investment decision further justify a negative outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100