In today’s recent session, 7.36 million shares of the Affirm Holdings Inc (NASDAQ:AFRM) have been traded, and its beta is 3.51. Most recently the company’s share price was $62.16, and it changed around $6.01 or 10.70% from the last close, which brings the market valuation of the company to $20.60B. AFRM at last check was trading at a discount to its 52-week high of $59.27, offering almost 4.65% off that amount. The share price’s 52-week low was $22.25, which indicates that the recent value has risen by an impressive 64.21% since then. We note from Affirm Holdings Inc’s average daily trading volume that its 10-day average is 16.13 million shares, with the 3-month average coming to 11.34 million.
Affirm Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.24. If we narrow it down even further, the data shows that 1 out of 21 analysts rate the stock as a Sell; another 4 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. Affirm Holdings Inc is expected to report earnings per share of -0.3 for the current quarter.
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Affirm Holdings Inc (NASDAQ:AFRM) trade information
Instantly AFRM has been showing a green trend so far today with a performance of 10.70% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 62.20 on recent trading dayincreased the stock’s daily price by 0.06%. The company’s shares are currently up 26.50% year-to-date, but still up 7.94% over the last five days. On the other hand, Affirm Holdings Inc (NASDAQ:AFRM) is 39.56% up in the 30-day period. We can see from the shorts that 18.34 million shares have been sold at a short interest cover period of 2.14 day(s).
The consensus price target as assigned by Wall Street analysts is $45, which translates to bulls needing to decrease their stock price by -38.13% 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 88.19 percent over the past six months and at a 68.26% annual growth rate that is well above the industry average of 23.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 44.70% in revenue this quarter, and will report an increase of 57.10% in the next quarter. The year-over-year growth rate is expected to be 33.46%, up from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of 806.17M in revenue for the current quarter. 13 analysts expect Affirm Holdings Inc to make 768.31M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 591.11M and 576.16M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 36.38%. Forecasts for the next quarter put sales growth at 33.35%.
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 2025-Feb-06.
Affirm Holdings Inc (NASDAQ:AFRM)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.85% of Affirm Holdings Inc shares, and 78.61% of them are in the hands of institutional investors. The stock currently has a share float of 82.61%. Affirm Holdings Inc stock is held by 562.0 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.
