Affirm Holdings Inc (NASDAQ:AFRM)’s traded shares stood at 1.77 million during the latest session, with the company’s beta value hitting 3.45. At the last check today, the stock’s price was $30.10, to imply an increase of 1.18% or $0.35 in intraday trading. The AFRM share’s 52-week high remains $52.48, putting it -74.35% down since that peak but still an impressive 54.35% since price per share fell to its 52-week low of $13.74. The company has a valuation of $9.30B, with an average of 5.44 million shares in intraday trading volume over the past 10 days and average of 6.49 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Affirm Holdings Inc (AFRM), translating to a mean rating of 2.55. Of 16 analyst(s) looking at the stock, 4 analyst(s) give AFRM a Sell rating. 0 of those analysts rate the stock as Overweight while 7 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.51.
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Affirm Holdings Inc (NASDAQ:AFRM) trade information
After registering a 1.18% upside in the latest session, Affirm Holdings Inc (AFRM) has traded red over the past five days. The 5-day price performance for the stock is 6.10%, and 13.76% over 30 days. With these gigs, the year-to-date price performance is -38.75%. Short interest in Affirm Holdings Inc (NASDAQ:AFRM) saw shorts transact 22.9 million shares and set a 3.87 days time to cover.
The extremes give us $6 and $85 for target low and target high price respectively. As such, AFRM has been trading -182.39% off suggested target high and 80.07% from its likely low.
Affirm Holdings Inc (AFRM) estimates and forecasts
Looking at statistics comparing Affirm Holdings Inc share performance against respective industry, we note that the company has outperformed competitors. Affirm Holdings Inc (AFRM) shares are -19.37% down over the last 6 months, with its year-to-date growth rate higher than industry average at 40.72% against -2.70%. Revenue is forecast to grow 26.10% this quarter before jumping 21.10% for the next one. The rating firms project that company’s revenue will grow 41.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 13 analysts is 603.66M. Meanwhile, for the current quarter, a total of 12 analyst(s) estimate revenue growth to 624.64M.Earnings reports from the last fiscal year show that sales brought in 445.82M and 496.55M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 35.40% before jumping 25.80% in the following quarter.
AFRM Dividends
Affirm Holdings Inc has its next earnings report out on 2024-Aug-28. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Affirm Holdings Inc (NASDAQ:AFRM)’s Major holders
Affirm Holdings Inc insiders hold 4.84% of total outstanding shares, with institutional holders owning 81.67% of the shares at 85.82% float percentage. In total, 81.67% institutions holds shares in the company, led by MORGAN STANLEY. As of 2024-06-30, the company held over 30.55 million shares (or 9.7706% of shares), all amounting to roughly $922.78 million.
The next major institution holding the largest number of shares is CAPITAL RESEARCH GLOBAL INVESTORS with 23.76 million shares, or about 7.5998% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $717.77 million.
We also have Growth Fund Of America Inc and Smallcap World Fund as the top two Mutual Funds with the largest holdings of the Affirm Holdings Inc (AFRM) shares. Going by data provided on Jun 30, 2024 , Growth Fund Of America Inc holds roughly 21.11 shares. This is just over 8.00% of the total shares, with a market valuation of $644.82 million. Data from the same date shows that the other fund manager holds a little less at 7.2, or 2.73% of the shares, all valued at about 219.89 million.
