During the recent session, Affirm Holdings Inc (NASDAQ:AFRM)’s traded shares were 3.39 million, with the beta value of the company hitting 3.50. At the last check today, the stock’s price was $44.07, reflecting an intraday gain of 4.90% or $2.06. The 52-week high for the AFRM share is $52.48, that puts it down -19.08 from that peak though still a striking 63.76% gain since the share price plummeted to a 52-week low of $15.97. The company’s market capitalization is $13.71B, and the average intraday trading volume over the past 10 days was 7.34 million shares, and the average trade volume was 9.08 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 2.36. 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. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.36.
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Affirm Holdings Inc (NASDAQ:AFRM) trade information
Affirm Holdings Inc (AFRM) registered a 4.90% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.90% in intraday trading to $44.07, hitting a weekly high. The stock’s 5-day price performance is 11.97%, and it has moved by 5.58% in 30 days. Based on these gigs, the overall price performance for the year is 118.93%. The short interest in Affirm Holdings Inc (NASDAQ:AFRM) is 19.35 million shares and it means that shorts have 1.7 day(s) to cover.
The consensus price target of analysts on Wall Street is $45, which implies an increase of 2.07% 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 -92.87% off the target high and 86.39% 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 up 35.10% during the last six months, with a year-to-date growth rate more than the industry average at 50.90% against 17.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 36.80% this quarter and then jump 48.10% in the quarter after that. In the rating firms’ projections, revenue will increase 30.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 663.36M as predicted by 14 analyst(s). Meanwhile, a consensus of 14 analyst(s) estimates revenue growth to 784.16M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -26.16%. While earnings are projected to return 58.53% in 2024.
AFRM Dividends
Affirm Holdings Inc is due to release its next quarterly earnings on 2024-Nov-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Affirm Holdings Inc (NASDAQ:AFRM)’s Major holders
Affirm Holdings Inc insiders own 4.77% of total outstanding shares while institutional holders control 80.71%, with the float percentage being 84.76%. MORGAN STANLEY is the largest shareholder of the company, while 513.0 institutions own stock in it. As of 2024-06-30, the company held over 30.55 million shares (or 9.7706% of all shares), a total value of $922.78 million in shares.
The next largest institutional holding, with 23.76 million shares, is of CAPITAL RESEARCH GLOBAL INVESTORS’s that is approximately 7.5998% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $717.77 million.
