Figs (FIGS) is a Great Momentum Stock: Should You Buy?

Company Overview - FIGS currently holds a Momentum Style Score of B, indicating a positive outlook for the company in terms of momentum investing [3] - The company has a Zacks Rank of 1 (Strong Buy), which is associated with a strong track record of outperformance in the market [4] Price Performance - Over the past week, FIGS shares have increased by 4.72%, outperforming the Zacks Retail - Apparel and Shoes industry, which rose by 1.35% [6] - In a longer time frame, FIGS has shown a monthly price change of 30.08%, significantly higher than the industry's 9.28% [6] - Over the last quarter, FIGS shares have surged by 72.99%, and over the past year, they have gained 100.51%, while the S&P 500 has only moved 3.47% and 13.15%, respectively [7] Trading Volume - The average 20-day trading volume for FIGS is 2,751,223 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, five earnings estimates for FIGS have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $0.06 to $0.11 [10] - For the next fiscal year, five estimates have also moved upwards without any downward revisions [10] Conclusion - Given the strong performance metrics and positive earnings outlook, FIGS is positioned as a solid momentum pick and should be considered for investment [11][12]