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Is Figma Stock a Buy Now?

TheMotleyFool

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Is Figma Stock a Buy Now?: https://g.foolcdn.com/editorial/images/852901/office_workers_looking_at_computer-gettyimages-1197257945.jpg

Shares of design software developer Figma (NYSE: FIG) experienced incredible success when they went public last July, debuting at $33 per share before skyrocketing to a 52-week high of $142.92 in August.

Since then, the stock has reversed course big time. Shares hit a 52-week low of $26.79 on Jan. 21, dropping below the IPO price. This may be a great opportunity to scoop up Figma stock. Or could reasons exist to hold off?

Answering those questions requires a deeper dive into Figma's business.

Source Fool.com

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