Why Acquire Shares Of Affirm Holdings Inc (AFRM)?

Affirm Holdings Inc (NASDAQ:AFRM) has a beta value of 3.67 and has seen 9.89 million shares traded in the last trading session. The company, currently valued at $22.26B, closed the last trade at $70.89 per share which meant it lost -$1.97 on the day or -2.70% during that session. The AFRM stock price is -3.46% off its 52-week high price of $73.34 and 68.61% above the 52-week low of $22.25. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.7 million shares traded. The 3-month trading volume is 9.89 million shares.

The consensus among analysts is that Affirm Holdings Inc (AFRM) is Hold stock at the moment, with a recommendation rating of 2.20. 4 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 16 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight.

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Affirm Holdings Inc (NASDAQ:AFRM) trade information

Sporting -2.70% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the AFRM stock price touched $70.89 or saw a rise of 3.34%. Year-to-date, Affirm Holdings Inc shares have moved 44.26%, while the 5-day performance has seen it change 6.89%. Over the past 30 days, the shares of Affirm Holdings Inc (NASDAQ:AFRM) have changed 26.25%. Short interest in the company has seen 16.69 million shares shorted with days to cover at 1.36.

Wall Street analysts have a consensus price target for the stock at $52, which means that the shares’ value could drop -36.33% from current levels. The projected low price target is $37.0 while the price target rests at a high of $81.0. In that case, then, we find that the current price level is -14.26% off the targeted high while a plunge would see the stock lose 47.81% from current levels.

Affirm Holdings Inc (AFRM) estimates and forecasts

Figures show that Affirm Holdings Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 132.20% over the past 6 months, with this year growth rate of 68.26%, compared to 23.10% for the industry.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -26.16% over the past 5 years.

AFRM Dividends

Affirm Holdings Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Affirm Holdings Inc (NASDAQ:AFRM)’s Major holders

Insiders own 4.82% of the company shares, while shares held by institutions stand at 78.51% with a share float percentage of 82.49%. Investors are also buoyed by the number of investors in a company, with Affirm Holdings Inc having a total of 563.0 institutions that hold shares in the company. The top two institutional holders are MORGAN STANLEY with over 30.55 million shares worth more than $922.78 million. As of 2024-06-30, MORGAN STANLEY held 9.7706% of shares outstanding.

The other major institutional holder is CAPITAL RESEARCH GLOBAL INVESTORS, with the holding of over 23.76 million shares as of 2024-06-30. The firm’s total holdings are worth over $717.77 million and represent 7.5998% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Growth Fund of America Inc and Vanguard Total Stock Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 7.76% shares in the company for having 21.11 shares of worth $1.5 billion while later fund manager owns 7.24 shares of worth $513.46 million as of Sep 30, 2024 , which makes it owner of about 2.66% of company’s outstanding stock.