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Affirm Holdings Inc. (NASDAQ: AFRM) Inclined 60.82% Over The Last Month – Are There Ways To Succeed From This Incline?

During the last session, Affirm Holdings Inc. (NASDAQ:AFRM)’s traded shares were 17.93 million. At the end of the trading day, the stock’s price was $31.89, reflecting an intraday gain of 13.29% or $3.74. The 52-week high for the AFRM share is $176.65, that puts it down -453.94 from that peak though still a striking 57.23% gain since the share price plummeted to a 52-week low of $13.64. The company’s market capitalization is $8.86B, and the average intraday trading volume over the past 10 days was 14.11 million shares, and the average trade volume was 18.19 million shares over the past three months.

Affirm Holdings Inc. (AFRM) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.70. AFRM has a Sell rating from 3 analyst(s) out of 19 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 7 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.59.

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Affirm Holdings Inc. (NASDAQ:AFRM) trade information

Affirm Holdings Inc. (AFRM) registered a 13.29% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 13.29% in intraday trading to $31.89 this Wednesday, 08/03/22, hitting a weekly high. The stock’s 5-day price performance is 22.47%, and it has moved by 60.82% in 30 days. Based on these gigs, the overall price performance for the year is -52.17%. The short interest in Affirm Holdings Inc. (NASDAQ:AFRM) is 32.82 million shares and it means that shorts have 2.1 day(s) to cover.

The consensus price target of analysts on Wall Street is $37.37, which implies an increase of 14.66% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $15.00 and $80.00 respectively. As a result, AFRM is trading at a discount of -150.86% off the target high and 52.96% off the low.

Affirm Holdings Inc. (AFRM) estimates and forecasts

Statistics show that Affirm Holdings Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Affirm Holdings Inc. (AFRM) shares have gone down -52.74% during the last six months, with a year-to-date growth rate less than the industry average at 4.33% against 13.30. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -22.90% this quarter and then jump 45.10% in the quarter after that. In the rating firms’ projections, revenue will increase 53.90% compared to the previous financial year.

Revenue for the current quarter is expected to be $354.8 million as predicted by 16 analyst(s). Meanwhile, a consensus of 13 analyst(s) estimates revenue growth to $385.64 million by the end of Sep 2022.

While earnings are projected to return -208.70% in 2022.

AFRM Dividends

Affirm Holdings Inc. is due to release its next quarterly earnings between February 09 and February 14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Affirm Holdings Inc. (NASDAQ:AFRM)’s Major holders

Affirm Holdings Inc. insiders own 5.78% of total outstanding shares while institutional holders control 80.98%, with the float percentage being 85.95%. Capital Research Global Investors is the largest shareholder of the company, while 532 institutions own stock in it. As of Mar 30, 2022, the company held over 30.87 million shares (or 13.64% of all shares), a total value of $1.43 billion in shares.

The next largest institutional holding, with 20.48 million shares, is of Baillie Gifford and Company’s that is approximately 9.05% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $947.95 million.

Also, the Mutual Funds coming in first place with the largest holdings of Affirm Holdings Inc. (AFRM) shares are Amcap Fund and Growth Fund Of America Inc. Data provided on Jun 29, 2022 indicates that Amcap Fund owns about 11.93 million shares. This amounts to just over 5.27 percent of the company’s overall shares, with a $215.5 million market value. The same data shows that the other fund manager holds slightly less at 11.86 million, or about 5.24% of the stock, which is worth about $214.25 million.

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