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Should You Buy The Dip on Figma Stock?

TheMotleyFool

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Figma (NYSE: FIG) was one of the hottest IPOs on the market when it went public in late July. Although shares were initially intended to be offered to the public at around $33 per share, they quickly rose to more than $120 per share. However, the stock is now worth about $55 per share and is down over 50% from its highest point shortly after going public.

With that gigantic drop, many investors may be thinking it's time to buy the dip on Figma stock, as it would provide monstrous returns if it returned to its all-time high. But is now the right time to do this? Or do investors need to exercise more patience?

Image source: Getty Images.

Source Fool.com

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