In the latest trading session, 0.45 million Affirm Holdings Inc (NASDAQ:AFRM) shares changed hands as the company’s beta touched 3.67. With the company’s most recent per share price at $65.19 changing hands around $0.24 or 0.37% at last look, the market valuation stands at $20.47B. AFRM’s current price is a discount, trading about -12.5% off its 52-week high of $73.34. The share price had its 52-week low at $22.25, which suggests the last value was 65.87% up since then. When we look at Affirm Holdings Inc’s average trading volume, we note the 10-day average is 7.98 million shares, with the 3-month average coming to 9.69 million.
Analysts gave the Affirm Holdings Inc (AFRM) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.05. If we narrow down to specifics, the data shows that 4 out of 16 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended AFRM as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Affirm Holdings Inc’s EPS for the current quarter is expected to be -0.3.
Affirm Holdings Inc (NASDAQ:AFRM) trade information
Instantly AFRM is in green as seen in intraday trades today. With action -8.04%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 32.67%, with the 5-day performance at -8.04% in the red. However, in the 30-day time frame, Affirm Holdings Inc (NASDAQ:AFRM) is -2.04% down. Looking at the short shares, we see there were 16.69 million shares sold at short interest cover period of 1.36 days.
The consensus price target for the stock as assigned by Wall Street analysts is 53, meaning bulls need a downside of -23.0% from its recent market value. According to analyst projections, AFRM’s forecast low is 37 with 82 as the target high. To hit the forecast high, the stock’s price needs a -25.79% plunge from its current level, while the stock would need to tank 43.24% for it to hit the projected low.
Affirm Holdings Inc (AFRM) estimates and forecasts
Data shows that the Affirm Holdings Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 107.56% over the past 6 months, a 68.26% in annual growth rate that is considerably higher than the industry average of 23.20%. Year-over-year growth is forecast to reach 33.40% up from the last financial year.
Consensus estimates given by 13 financial analysts project the company’s revenue in the current quarter to hit an average of 806.04M. 13 analysts are of the opinion that Affirm Holdings Inc’s revenue for the current quarter will be 768.56M. The company’s revenue for the corresponding quarters a year ago was 591.11M and 576.16M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 36.36%. The estimates for the next quarter sales put growth at 33.39%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -26.16%. The 2024 estimates are for Affirm Holdings Inc earnings to increase by 68.35%.
AFRM Dividends
Affirm Holdings Inc is expected to release its next quarterly earnings report in January.
Affirm Holdings Inc (NASDAQ:AFRM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.82% of Affirm Holdings Inc shares while 78.50% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 82.48%. There are 78.50% institutions holding the Affirm Holdings Inc stock share, with MORGAN STANLEY the top institutional holder. As of 2024-06-30, the company held 9.7706% of the shares, roughly 30.55 million AFRM shares worth $922.78 million.
CAPITAL RESEARCH GLOBAL INVESTORS holds the second largest percentage of outstanding shares, with 7.5998% or 23.76 million shares worth $717.77 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Growth Fund of America Inc and Vanguard Total Stock Market Index Fund. With 21.11 shares estimated at $1.37 billion under it, the former controlled 7.76% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.66% of the shares, roughly 7.24 shares worth around $471.6 million.
