when I double-click on a component, the font styles are off and it goes up higher than it should be

Hey @cleverposter , welcome to the community!
This usually happens when other editors of the file are using a different version of the same font.

In order to fix conflicting font issues, all editors in the file need to:

Update the font

1. Uninstall and remove the local font from their computer.
2. Download and install the font from one common source.
3. Restart the desktop or browser app.

Update affected layers

1. Select a layer using that font.
2. Open the menu or open the quick actions menu.
3. Use Select all with same font to select all text layers with that font.
4. Use Recompute Text Layout in Selection to reset text to the correct formatting.

Hope this helps!