After Affirm Holdings Inc (NASDAQ: AFRM) Surges -233.99% From Highs, What Will It Look Like?

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During the recent session, Affirm Holdings Inc (NASDAQ:AFRM)’s traded shares were 1.64 million, with the beta value of the company hitting 3.43. At the last check today, the stock’s price was $25.45, reflecting an intraday gain of 0.93% or $0.23. The 52-week high for the AFRM share is $52.48, that puts it down -106.21 from that peak though still a striking 46.29% gain since the share price plummeted to a 52-week low of $13.67. The company’s market capitalization is $7.87B, and the average intraday trading volume over the past 10 days was 6.22 million shares, and the average trade volume was 6.78 million shares over the past three months.

Affirm Holdings Inc (AFRM) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.55. AFRM has a Sell rating from 4 analyst(s) out of 16 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it.

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Affirm Holdings Inc (NASDAQ:AFRM) trade information

Affirm Holdings Inc (AFRM) registered a 0.93% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.93% in intraday trading to $25.45, hitting a weekly high. The stock’s 5-day price performance is -1.25%, and it has moved by -14.05% in 30 days. Based on these gigs, the overall price performance for the year is 63.97%. The short interest in Affirm Holdings Inc (NASDAQ:AFRM) is 23.87 million shares and it means that shorts have 3.42 day(s) to cover.

The consensus price target of analysts on Wall Street is $42, which implies an increase of 39.4% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $85 respectively. As a result, AFRM is trading at a discount of -233.99% off the target high and 76.42% off the low.

Affirm Holdings Inc (AFRM) estimates and forecasts

Statistics show that Affirm Holdings Inc has outperformed its competitors in share price, compared to the industry in which it operates. Affirm Holdings Inc (AFRM) shares have gone down -48.30% during the last six months, with a year-to-date growth rate more than the industry average at 40.72% against -2.20.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -58.94%. While earnings are projected to return 41.29% in 2024.

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

Affirm Holdings Inc insiders own 4.84% of total outstanding shares while institutional holders control 80.32%, with the float percentage being 84.40%. MORGAN STANLEY is the largest shareholder of the company, while 509.0 institutions own stock in it. As of 2024-03-31, the company held over 30.57 million shares (or 9.9389% of all shares), a total value of $1.14 billion in shares.

The next largest institutional holding, with 20.82 million shares, is of VANGUARD GROUP INC’s that is approximately 6.7704% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $775.89 million.