In the latest trading session, 1.76 million shares of the Affirm Holdings Inc (NASDAQ:AFRM) were traded, and its beta was 3.51. Most recently the company’s share price was $43.15, and it changed around -$0.86 or -1.95% from the last close, which brings the market valuation of the company to $13.42B. AFRM currently trades at a discount to its 52-week high of $52.48, offering almost -21.62% off that amount. The share price’s 52-week low was $15.97, which indicates that the current value has risen by an impressive 62.99% since then. We note from Affirm Holdings Inc’s average daily trading volume that its 10-day average is 13.14 million shares, with the 3-month average coming to 8.52 million.
Affirm Holdings Inc stock received a consensus recommendation rating of Underweight, based on a mean score of 2.60. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended AFRM as a Hold, whereas 0 deemed it a Buy, and 1 rated it as Underweight. Affirm Holdings Inc is expected to report earnings per share of -0.37 for the current quarter.
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Affirm Holdings Inc (NASDAQ:AFRM) trade information
Instantly AFRM has showed a red trend with a performance of -1.95% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 44.63 on recent trading dayincreased the stock’s daily price by 3.32%. The company’s shares are currently down -12.19% year-to-date, but still up 13.05% over the last five days. On the other hand, Affirm Holdings Inc (NASDAQ:AFRM) is 52.10% up in the 30-day period. We can see from the shorts that 20.74 million shares have been sold at a short interest cover period of 2.08 day(s).
The consensus price target as assigned by Wall Street analysts is $41.5, which translates to bulls needing to decrease their stock price by -3.98% from its current value. Analyst projections state that AFRM is forecast to be at a low of $6 and a high of $85.
Affirm Holdings Inc (AFRM) estimates and forecasts
Affirm Holdings Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 28.00 percent over the past six months and at a 50.90% annual growth rate that is well above the industry average of -1.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 35.10% in revenue this quarter, and will report an increase of 51.90% in the next quarter. The year-over-year growth rate is expected to be 29.20%, up from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of 663.62M in revenue for the current quarter. 13 analysts expect Affirm Holdings Inc to make 779.84M in revenue for the current ending quarter. Analysts predict that the company’s current quarter sales will jump, forecast at 33.60%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -26.16%.
AFRM Dividends
Affirm Holdings Inc’s next quarterly earnings report is expected to be released on 2024-Nov-06.
Affirm Holdings Inc (NASDAQ:AFRM)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.78% of Affirm Holdings Inc shares, and 80.46% of them are in the hands of institutional investors. The stock currently has a share float of 84.51%. Affirm Holdings Inc stock is held by 512.0 institutions, with MORGAN STANLEY being the largest institutional investor. By 2024-06-30, it held 9.7706% of the shares, which is about 30.55 million shares worth $922.78 million.
CAPITAL RESEARCH GLOBAL INVESTORS, with 7.5998% or 23.76 million shares worth $717.77 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Growth Fund Of America Inc and Smallcap World Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 21.11 shares worth $906.29 million, making up 7.89% of all outstanding shares. On the other hand, Smallcap World Fund held roughly 7.2 shares worth around $309.05 million, which represents about 2.69% of the total shares outstanding.
