Figma’s 8.93% Plunge Propels 0.49B in Volume to 164th Rank Amid Analyst Disarray

On August 25, 2025, Figma (FIG) fell 8.93% with a trading volume of $0.49 billion, up 54.04% from the previous day, ranking 164th in the stock market. The decline followed multiple analyst firms initiating coverage on the stock, with mixed price targets ranging from $48 to $85. The stock, which surged over 200% in its July IPO debut, has since traded in a downward trend amid valuation concerns.

Analysts highlighted a bearish technical outlook, with RSI nearing oversold conditions and MACD confirming a downtrend. Key support is seen at $69.61, while breaking above $75.70 could signal a reversal. Figma’s first quarterly earnings report, due September 3, will be critical for investor sentiment. Analysts emphasized the need for management to outline a clear growth strategy beyond its core design software, given its 91% gross margin and $821 million in trailing revenue, but also noted challenges in expanding into new markets as it approaches saturation among large enterprises.

The backtested strategy of holding top 500 volume stocks for one day from 2022 to 2025 yielded a 31.52% total return with a Sharpe ratio of 0.79. Daily returns ranged from -4.47% to 4.95%, reflecting short-term momentum capture amid market volatility.