Figs (FIGS) Upgraded to Strong Buy: Reasons for the Change
Figs Stock Upgrade: Figs (FIGS) has received a Zacks Rank #1 (Strong Buy) upgrade, indicating a positive earnings outlook that could lead to increased stock prices due to rising earnings estimates.
Zacks Rating System: The Zacks rating system, which evaluates stocks based on earnings estimate revisions, has a strong track record, with Zacks Rank #1 stocks averaging a +25% annual return since 1988.
Earnings Estimates: Analysts have raised their earnings estimates for Figs significantly, with a recent increase of 83.3% for the upcoming fiscal year, reflecting an improvement in the company's business fundamentals.
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FIGS Inc Sees Options Trading Volume Surge to 9,198 Contracts
- Active Options Trading: FIGS Inc's options trading volume surged to 9,198 contracts, representing approximately 919,800 shares, which is about 43.5% of its average daily trading volume of 2.1 million shares over the past month, indicating heightened market interest in the stock.
- High Demand Options: Among FIGS options, the $7.50 strike call option expiring on January 16, 2026, has seen a trading volume of 4,770 contracts, equivalent to approximately 477,000 shares, reflecting strong investor expectations for the stock's future appreciation.
- Willdan Group Activity: Concurrently, Willdan Group Inc's options trading volume reached 1,193 contracts, representing about 119,300 shares, which also accounts for 43.5% of its average daily trading volume of 273,980 shares over the past month, showcasing the stock's market activity.
- Bullish Options Trend: The $110 strike call option for WLDN has recorded a trading volume of 256 contracts today, equivalent to approximately 25,600 shares, indicating that investors are optimistic about the stock's performance in the coming months.
Figs (FIGS) Shows Strong Momentum: Is It a Good Time to Invest?
Momentum Investing Overview: Momentum investing involves buying stocks that are trending upwards, with the expectation that they will continue to rise. The Zacks Momentum Style Score helps investors identify stocks with strong momentum indicators.
FIGS Performance Metrics: FIGS (FIGS) has a Momentum Style Score of B and a Zacks Rank of #1 (Strong Buy), showing significant price increases of 72.99% over the past quarter and 100.51% over the past year, outperforming the S&P 500.
Earnings Estimates and Volume: Recent earnings estimates for FIGS have improved, with five upward revisions in the last two months, boosting the consensus estimate from $0.06 to $0.11. The stock's average 20-day trading volume is 2,751,223 shares, indicating strong market interest.
Investment Recommendations: Investors are encouraged to consider FIGS as a promising stock for near-term gains, supported by its strong performance metrics and positive earnings revisions, alongside other Zacks expert stock picks that have historically shown high returns.
