In last trading session, Affirm Holdings Inc. (NASDAQ:AFRM) saw 12.44 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $13.31 trading at $0.64 or 5.05% at ring of the bell on the day assigns it a market valuation of $4.17B. That closing price of AFRM’s stock is at a discount of -955.52% from its 52-week high price of $140.49 and is indicating a premium of 10.29% from its 52-week low price of $11.94. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 17.8 million shares which gives us an average trading volume of 13.17 million if we extend that period to 3-months.
For Affirm Holdings Inc. (AFRM), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.70. Splitting up the data highlights that, out of 20 analysts covering the stock, 3 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 8 suggested the stock as a Hold whereas 8 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.98 in the current quarter.
Affirm Holdings Inc. (NASDAQ:AFRM) trade information
Upright in the green during last session for gaining 5.05%, in the last five days AFRM remained trading in the red while hitting it’s week-highest on Friday, 11/18/22 when the stock touched $13.31 price level, adding 12.95% to its value on the day. Affirm Holdings Inc.’s shares saw a change of -86.76% in year-to-date performance and have moved -11.97% in past 5-day. Affirm Holdings Inc. (NASDAQ:AFRM) showed a performance of -35.45% in past 30-days. Number of shares sold short was 40.9 million shares which calculate 3.79 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $21.24 to the stock, which implies a rise of 37.34% to its current value. Analysts have been projecting $10.00 as a low price target for the stock while placing it at a high target of $52.00. It follows that stock’s current price would drop -290.68% in reaching the projected high whereas dropping to the targeted low would mean a gain of 24.87% for stock’s current value.
Affirm Holdings Inc. (AFRM) estimates and forecasts
Statistics highlight that Affirm Holdings Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -42.18% of value to its shares in past 6 months, showing an annual growth rate of -38.65% while that of industry is 0.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -71.90% in the current quarter and calculating -321.10% decrease in the next quarter. This year revenue growth is estimated to rise 21.50% from the last financial year’s standing.
16 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $414.32 million for the same. And 16 analysts are in estimates of company making revenue of $417.89 million in the next quarter that will end on Mar 2023. Company posted $361.01 million and $354.76 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 14.80% while estimating it to be 17.80% for the next quarter.
Affirm Holdings Inc. is more likely to be releasing its next quarterly report between February 08 and February 13 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Affirm Holdings Inc. (NASDAQ:AFRM)’s Major holders
Insiders are in possession of 5.42% of company’s total shares while institution are holding 77.46 percent of that, with stock having share float percentage of 81.90%. Investors also watch the number of corporate investors in a company very closely, which is 77.46% institutions for Affirm Holdings Inc. that are currently holding shares of the company. Capital Research Global Investors is the top institutional holder at AFRM for having 24.79 million shares of worth $447.73 million. And as of Jun 29, 2022, it was holding 10.78% of the company’s outstanding shares.
The second largest institutional holder is Baillie Gifford and Company, which was holding about 20.51 million shares on Sep 29, 2022. The number of shares represents firm’s hold over 8.92% of outstanding shares, having a total worth of $384.77 million.
On the other hand, Growth Fund Of America Inc and Amcap Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2022, the former fund manager was holding 16.17 million shares of worth $303.42 million or 7.03% of the total outstanding shares. The later fund manager was in possession of 9.43 million shares on Sep 29, 2022, making its stake of worth around $176.99 million in the company or a holder of 4.10% of company’s stock.