FIGS, Inc. is a direct-to-consumer healthcare apparel and lifestyle brand founded in 2013 and publicly traded since May 2021. The company designs and sells scrubs, lab coats, underscrubs, outerwear, footwear, and accessories for healthcare professionals, primarily through its own website and mobile app, its TEAMS business-to-business platform, and a growing network of physical community hubs.
FIGS positions itself as a premium, category-defining brand built around a highly engaged professional community. It has prioritized full-price selling and reduced discounting, which has supported higher average order values. With more than 3.1 million active customers and trailing 12-month net revenue per active customer at a record $229, the company has established a direct relationship with its core audience that investors view as a durable competitive advantage.
Over the last 30 days, FIGS shares advanced from a closing price of $13.35 on the trading session nearest to 30 calendar days earlier to an intraday level around $17.75, a gain of approximately 32.96%, or about 33%. The move was not a straight line: the stock briefly traded below $12 in late September before a sharp rebound carried it to a multi-year high.
Looking at the broader quarterly trend, FIGS gained roughly 25% over the trailing three months, according to market data tracking the stock's performance. The quarterly advance forms part of a longer recovery, with the stock up roughly 54% year-to-date and more than 100% over the trailing year. The shares now trade well above both their 50-day moving average near $13.87 and their 200-day moving average near $12.96. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
The most recent leg higher was driven primarily by a technical breakout. In early October, FIGS shares pushed above a cup-without-handle buy point near $16.38 on above-average volume, a move that made the company the top-ranked stock in its apparel industry group and took the shares to a four-year high. Expanded trading volume and renewed institutional attention amplified the momentum.
Fundamental support came from continued upward earnings estimate revisions and favorable analyst actions. FIGS carries a Zacks Rank #2 (Buy) with a Momentum Score of A, reflecting improving near-term earnings expectations. Analysts have issued a mix of target-price increases, with the consensus average price target near $18.71 and a "Moderate Buy" rating, helping sustain investor confidence as the breakout unfolded. From what I see, this combination of technical and fundamental signals has been particularly noteworthy.
The quarterly advance was anchored by strong second-quarter results reported in early August. Net revenue rose 28.8% year over year to $196.6 million, while earnings per share of $0.15 exceeded consensus estimates of $0.07. Active customers grew 13.2% to 3.1 million, average order value reached a record $127, and non-scrubwear revenue increased more than 40%, signaling successful expansion beyond the core scrubwear category.
Management also raised its full-year outlook, lifting 2026 net revenue growth guidance to approximately 20% from a prior 14%–16% range and increasing adjusted EBITDA margin guidance to 14.8%–15%. International revenue growth of about 67% in the quarter underscored broadening geographic reach. These results reinforced a narrative of re-acceleration after a multi-year slowdown that had pressured the stock since its 2021 debut.
Investors will likely focus next on whether FIGS can sustain its customer and revenue momentum. Management guided to roughly 20% third-quarter revenue growth but a deceleration to about 10% in the fourth quarter, reflecting tougher comparisons against a 33% gain in the year-ago period. Delivery against this guidance will be a key test of the stock's recent re-rating.
Cost and supply-chain factors also warrant attention. A U.S. Customs and Border Protection withhold release order has prevented FIGS from importing products from a partner in Jordan, prompting a shift to other suppliers and added airfreight expense. Tariffs and freight costs remain margin risks, and the second quarter's gross-margin expansion included a roughly $7.9 million one-time tariff refund that will not recur. With the stock trading at an elevated earnings multiple, execution on both top-line growth and profitability will be central to the outlook. I’m watching this closely as the company navigates these variables.
One tool I’ve found helpful for tracking these kinds of momentum plays is Tickeron’s AI Trading Bots. It lets me explore automated strategies across various timeframes and compare performance metrics without relying on a single signal. This approach adds another layer to my analysis when evaluating stocks like FIGS that show both technical breakouts and improving fundamentals.
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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where FIGS declined for three days, in 258 of 310 cases, the price declined further within the following month. The odds of a continued downward trend are 83%.
The 10-day RSI Indicator for FIGS moved out of overbought territory on November 03, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 36 similar instances where the indicator moved out of overbought territory. In 29 of the 36 cases, the stock moved lower in the following days. This puts the odds of a move lower at 81%.
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 47 of 61 cases where FIGS's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 77%.
FIGS broke above its upper Bollinger Band on October 09, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Momentum Indicator moved above the 0 level on September 29, 2026. You may want to consider a long position or call options on FIGS as a result. In 68 of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 80%.
The Moving Average Convergence Divergence (MACD) for FIGS just turned positive on September 30, 2026. Looking at past instances where FIGS's MACD turned positive, the stock continued to rise in 34 of 42 cases over the following month. The odds of a continued upward trend are 81%.
The 10-day moving average for FIGS crossed bullishly above the 50-day moving average on October 07, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 13 of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 81%.
Following a +5.27% 3-day Advance, the price is estimated to grow further. Considering data from situations where FIGS advanced for three days, in 203 of 254 cases, the price rose further within the following month. The odds of a continued upward trend are 80%.
The Aroon Indicator entered an Uptrend today. In 177 of 218 cases where FIGS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 81%.
The Tickeron Price Growth Rating for this company is 34 (best 1 - 100 worst), indicating steady price growth. FIGS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 57 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 90 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: FIGS's P/B Ratio (7.819) is slightly higher than the industry average of (2.884). FIGS has a moderately high P/E Ratio (54.789) as compared to the industry average of (14.892). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (0.686). Dividend Yield (0.000) settles around the average of (0.383) among similar stocks. FIGS's P/S Ratio (3.461) is very high in comparison to the industry average of (0.827).
The Tickeron PE Growth Rating for this company is 94 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. FIGS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Industry ApparelFootwear