|Bid||19.05 x 1200|
|Ask||20.00 x 1000|
|Day's range||18.76 - 20.07|
|52-week range||17.44 - 40.48|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||33.33|
Are diving share prices a sign of worse things to come, or do they represent a buying opportunity?
Both FIGS (NYSE: FIGS) and Riskified (NYSE: RSKD) have felt short-term pessimism from investors, but neither company's long-term investment thesis has been damaged. For a company that traded over 27 times sales at the time of its IPO, you would think that FIGS must be a software company, but it is actually a scrubs manufacturer. FIGS is taking a slightly different approach to making its scrubs -- it wants to ensure that its scrubs are the best on the market in terms of design, comfort, and usefulness.
The IPO market has been red hot in 2021. Through the first three quarters of the year, 1,635 companies went public, raising a total of $330.7 billion. In July, Riskified (NYSE: RSKD), a fintech powered by artificial intelligence (AI), made its public debut.