Affirm Holdings Inc (NASDAQ:AFRM) has a beta value of 3.68 and has seen 1.21 million shares traded in the last trading session. The company, currently valued at $18.79B, closed the last trade at $59.85 per share which meant it lost -$1.44 on the day or -2.36% during that session. The AFRM stock price is -22.54% off its 52-week high price of $73.34 and 62.82% 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 3.82 million shares traded. The 3-month trading volume is 9.38 million shares.
The consensus among analysts is that Affirm Holdings Inc (AFRM) is Hold stock at the moment, with a recommendation rating of 2.00. 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. The expected earnings per share for the stock is -0.3.
Affirm Holdings Inc (NASDAQ:AFRM) trade information
Sporting -2.36% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the AFRM stock price touched $59.85 or saw a rise of 12.24%. Year-to-date, Affirm Holdings Inc shares have moved -1.73%, while the 5-day performance has seen it change -1.73%. Over the past 30 days, the shares of Affirm Holdings Inc (NASDAQ:AFRM) have changed -16.74%. Short interest in the company has seen 15.02 million shares shorted with days to cover at 1.66.
Wall Street analysts have a consensus price target for the stock at $53, which means that the shares’ value could drop -12.92% from current levels. The projected low price target is $37.0 while the price target rests at a high of $82.0. In that case, then, we find that the current price level is -37.01% off the targeted high while a plunge would see the stock lose 38.18% 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 112.44% over the past 6 months, with this year growth rate of 68.26%, compared to 23.10% for the industry. Revenue growth from the last financial year stood is estimated to be 33.40%.
13 analysts offering their estimates for the company have set an average revenue estimate of 806.03M for the current quarter. 13 have an estimated revenue figure of 769.12M for the next ending quarter. Year-ago sales stood 591.11M and 576.16M respectively for this quarter and the next, and analysts expect sales will grow by 36.36% for the current quarter and 33.40% for the next.
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 February 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 78.20% with a share float percentage of 82.16%. Investors are also buoyed by the number of investors in a company, with Affirm Holdings Inc having a total of 561.0 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.
