In the last trading session, 5.56 million shares of the Affirm Holdings Inc (NASDAQ:AFRM) were traded, and its beta was 3.50. Most recently the company’s share price was $40.70, and it changed around -$1.33 or -3.16% from the last close, which brings the market valuation of the company to $12.66B. AFRM currently trades at a discount to its 52-week high of $52.48, offering almost -28.94% off that amount. The share price’s 52-week low was $15.97, which indicates that the current value has risen by an impressive 60.76% since then. We note from Affirm Holdings Inc’s average daily trading volume that its 10-day average is 8.32 million shares, with the 3-month average coming to 9.57 million.
Affirm Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.27. If we narrow it down even further, the data shows that 1 out of 18 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 10 recommended AFRM as a Hold, whereas 5 deemed it a Buy, and 1 rated it as Underweight.
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Affirm Holdings Inc (NASDAQ:AFRM) trade information
Instantly AFRM has showed a red trend with a performance of -3.16% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 46.00 on recent trading dayincreased the stock’s daily price by 11.52%. The company’s shares are currently down -17.18% year-to-date, but still down -8.62% over the last five days. On the other hand, Affirm Holdings Inc (NASDAQ:AFRM) is -2.26% down in the 30-day period. We can see from the shorts that 19.37 million shares have been sold at a short interest cover period of 1.97 day(s).
The consensus price target as assigned by Wall Street analysts is $45, which translates to bulls needing to increase their stock price by 9.56% 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 22.11 percent over the past six months and at a 56.89% annual growth rate that is well above the industry average of 17.80%.
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 in November.
Affirm Holdings Inc (NASDAQ:AFRM)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.77% of Affirm Holdings Inc shares, and 80.63% of them are in the hands of institutional investors. The stock currently has a share float of 84.67%. Affirm Holdings Inc stock is held by 510.0 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.
