In the last trading session, 8.44 million shares of the Affirm Holdings Inc (NASDAQ:AFRM) were traded, and its beta was 3.65. Most recently the company’s share price was $78.02, and it changed around $0.27 or 0.35% from the last close, which brings the market valuation of the company to $24.81B. AFRM currently trades at a discount to its 52-week high of $79.67, offering almost -2.11% off that amount. The share price’s 52-week low was $22.25, which indicates that the current value has risen by an impressive 71.48% since then. We note from Affirm Holdings Inc’s average daily trading volume that its 10-day average is 8.81 million shares, with the 3-month average coming to 8.11 million.
Affirm Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 1.96. If we narrow it down even further, the data shows that 1 out of 22 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 9 recommended AFRM as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight. Affirm Holdings Inc is expected to report earnings per share of -0.09 for the current quarter.
Affirm Holdings Inc (NASDAQ:AFRM) trade information
Instantly AFRM has showed a green trend with a performance of 0.35% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 79.67 on recent trading dayincreased the stock’s daily price by 2.07%. The company’s shares are currently up 28.11% year-to-date, but still up 31.06% over the last five days. On the other hand, Affirm Holdings Inc (NASDAQ:AFRM) is 41.06% up in the 30-day period. We can see from the shorts that 15.57 million shares have been sold at a short interest cover period of 2.54 day(s).
The consensus price target as assigned by Wall Street analysts is $54, which translates to bulls needing to decrease their stock price by -44.48% from its current value. Analyst projections state that AFRM is forecast to be at a low of $37 and a high of $82.
Affirm Holdings Inc (AFRM) estimates and forecasts
The year-over-year growth rate is expected to be 36.81%, up from the previous year.
Consensus estimates provided by 15 financial analysts predict the company will bring in an average of 777.77M in revenue for the current quarter. 16 analysts expect Affirm Holdings Inc to make 836.15M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 576.16M and 659.18M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 34.99%. Forecasts for the next quarter put sales growth at 26.85%.
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 in March.
Affirm Holdings Inc (NASDAQ:AFRM)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.82% of Affirm Holdings Inc shares, and 76.14% of them are in the hands of institutional investors. The stock currently has a share float of 80.00%. Affirm Holdings Inc stock is held by 591.0 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.
