Figma Finally Freefall! Options Launch: How to Determine Buy-the-Dip Price?
$Figma(FIG)$ plunged 27% and closed at $88.6. Its options just launched this week, with the lowest available strike price at $70.
At what price would you consider selling puts?
After yesterday’s 27% drop, Figma is now trading at a P/S ratio of 52.61. If you sell a put at $70, you're essentially betting on a valuation where the P/S drops to around 41—still lofty。
To put things into perspective:
Figma’s revenue is only ~4.8% of $Adobe(ADBE)$, yet its market cap has reached ~30% of Adobe’s.
Figma’s P/S of 52.6 is 6.27x higher than Adobe’s (P/S = 8.39).
A $70 share price implies a $34.1B valuation, and a P/S of 41.6.
Looking to bottom-fish? You might need to wait until below $50, when P/S drops below 30.
💡 Did you know? Adobe once agreed to acquire Figma for $20B, which corresponds to a share price of around $41—less than half of today's price.
What do you think:
Can Figma sustain a P/S ratio north of 50?
Will the stock really dip to $50 or below?
At what price would you consider selling puts or buying the dip?
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就我个人而言，当股票接近50-55美元区间（市盈率低于30）时，我会考虑卖出看跌期权。对于一家在Adobe交易取消后仍在证明其独立实力的公司来说，这意味着更健康的风险/回报平衡和更现实的估值。
至于逢低买入，我还没有急于买入。Adobe失败收购的41美元的价格标签仍然萦绕在我的脑海中——那是200亿美元的估值，任何接近这个水平的价格都将提供更具吸引力的长期进入。
@Tiger_comments @TigerStars
Figma的P/S爲52.6比Adobe高6.27倍(P/S=8.39)。
70美元的股價意味着$34.1 B估值，和一個P/S爲41.6.
正確看待事物：
菲格瑪的收入僅爲約4.8%$Adobe(ADBE)$，然而它的市值已達到Adobe的30%左右.
Figma的P/S爲52.6比Adobe高6.27倍(P/S=8.39)。
70美元的股價意味着$34.1 B估值，和一個P/S爲41.6.
Figma的市值为122美元，达到600亿美元，市盈率为184倍，远高于Adobe等同行的7.5倍。
摩根士丹利的获利了结和大盘收益引发了抛售。
Figma能否维持50以上的市盈率？除非它能够实现高速增长，否则不太可能。
会跌至50美元吗？如果第三季度盈利令人失望或宏观阻力持续存在，则有可能。
什么是逢低买入区？如果跌至55美元至65美元。前提是收入增长保持在35%以上，并且竞争不会削弱定价权。
Figma是一种高风险高回报的股票，不适合风险厌恶的投资者。
@Tiger_comments @TigerStars @Tiger_SG @CaptainTiger