During the recent session, Affirm Holdings Inc (NASDAQ:AFRM)’s traded shares were 0.83 million, with the beta value of the company hitting 3.67. At the last check today, the stock’s price was $63.80, reflecting an intraday gain of 2.06% or $1.29. The 52-week high for the AFRM share is $73.34, that puts it down -14.95 from that peak though still a striking 65.13% gain since the share price plummeted to a 52-week low of $22.25. The company’s market capitalization is $20.04B, and the average intraday trading volume over the past 10 days was 5.99 million shares, and the average trade volume was 9.42 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 2.00. 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 -0.3.
Affirm Holdings Inc (NASDAQ:AFRM) trade information
Affirm Holdings Inc (AFRM) registered a 2.06% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.06% in intraday trading to $63.80, hitting a weekly high. The stock’s 5-day price performance is -4.57%, and it has moved by -9.84% in 30 days. Based on these gigs, the overall price performance for the year is 46.69%. The short interest in Affirm Holdings Inc (NASDAQ:AFRM) is 15.02 million shares and it means that shorts have 1.66 day(s) to cover.
The consensus price target of analysts on Wall Street is $53, which implies a decrease of -20.38% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $37 and $82 respectively. As a result, AFRM is trading at a discount of -28.53% off the target high and 42.01% 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 123.45% during the last six months, with a year-to-date growth rate more than the industry average at 68.26% against 23.10. In the rating firms’ projections, revenue will increase 33.37% 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 806.04M as predicted by 13 analyst(s). Meanwhile, a consensus of 13 analyst(s) estimates revenue growth to 768.56M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 591.11M and 576.16M respectively. In this case, analysts expect current quarter sales to grow by 36.36% and then jump by 33.39% in the coming quarter.
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 77.43% in 2025.
AFRM Dividends
Affirm Holdings Inc is due to release its next quarterly earnings in February. 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 4.82% of total outstanding shares while institutional holders control 78.16%, with the float percentage being 82.11%. MORGAN STANLEY is the largest shareholder of the company, while 558.0 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.