Figma Stock: Is It Safer Than It Looks?
Shares of Figma (NYSE: FIG) saw a hot start out of the gate following their initial public offering in July, but they've recently been in a free fall as investors worry about the company's high valuation. Last week, the stock closed at less than $55 per share, far lower than the $85 it first opened at on July 31.
The company, which helps users and businesses collaborate on design, recently reported its first earnings numbers since going public. Unfortunately, that didn't do much to calm fears and concerns about the stock.
But with so much bearishness around the stock of late, is it possible that Figma's a much better buy than it seems?
Source Fool.com
