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What Is So Great About Affirm Holdings Inc. (AFRM)?

Affirm Holdings Inc. (NASDAQ:AFRM) has seen 24.8 million shares traded in the last trading session. The company, currently valued at $3.84B, closed the last trade at $15.45 per share which meant it gained $1.15 on the day or 8.04% during that session. The AFRM stock price is -440.91% off its 52-week high price of $83.57 and 44.21% above the 52-week low of $8.62. If we look at the company’s 10-day average daily trading volume, we find that it stood at 17.94 million shares traded. The 3-month trading volume is 15.71 million shares.

The consensus among analysts is that Affirm Holdings Inc. (AFRM) is a Hold stock at the moment, with a recommendation rating of 2.90. 3 analysts rate the stock as a Sell, while 1 rate it as Overweight. 10 out of 21 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.81.

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Affirm Holdings Inc. (NASDAQ:AFRM) trade information

Sporting 8.04% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 01/23/23 when the AFRM stock price touched $15.45 or saw a rise of 2.34%. Year-to-date, Affirm Holdings Inc. shares have moved 59.77%, while the 5-day performance has seen it change 19.95%. Over the past 30 days, the shares of Affirm Holdings Inc. (NASDAQ:AFRM) have changed 63.67%. Short interest in the company has seen 38.13 million shares shorted with days to cover at 3.51.

Wall Street analysts have a consensus price target for the stock at $17.61, which means that the shares’ value could jump 12.27% from current levels. The projected low price target is $6.00 while the price target rests at a high of $46.00. In that case, then, we find that the current price level is -197.73% off the targeted high while a plunge would see the stock lose 61.17% from current levels.

Affirm Holdings Inc. (AFRM) estimates and forecasts

Figures show that Affirm Holdings Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -42.29% over the past 6 months, with this year growth rate of -39.44%, compared to 1.80% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 28.30% and -36.80% for the next quarter. Revenue growth from the last financial year stood is estimated to be 26.40%.

17 analysts offering their estimates for the company have set an average revenue estimate of $359.68 million for the current quarter. 17 have an estimated revenue figure of $433.63 million for the next quarter concluding in Dec 2022.

AFRM Dividends

Affirm Holdings Inc. is expected to release its next earnings report between February 08 and February 13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 5.42% of the company shares, while shares held by institutions stand at 77.46% with a share float percentage of 81.90%. Investors are also buoyed by the number of investors in a company, with Affirm Holdings Inc. having a total of 506 institutions that hold shares in the company. The top two institutional holders are Capital Research Global Investors with over 24.79 million shares worth more than $447.73 million. As of Jun 29, 2022, Capital Research Global Investors held 10.78% of shares outstanding.

The other major institutional holder is Baillie Gifford and Company, with the holding of over 20.51 million shares as of Sep 29, 2022. The firm’s total holdings are worth over $384.77 million and represent 8.92% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Growth Fund Of America Inc and Amcap Fund. As of Sep 29, 2022, the former fund manager holds about 7.03% shares in the company for having 16.17 million shares of worth $303.42 million while later fund manager owns 9.43 million shares of worth $176.99 million as of Sep 29, 2022, which makes it owner of about 4.10% of company’s outstanding stock.

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