In today’s recent session, 1.77 million shares of the Affirm Holdings Inc (NASDAQ:AFRM) have been traded, and its beta is 3.66. Most recently the company’s share price was $52.36, and it changed around $2.46 or 4.93% from the last close, which brings the market valuation of the company to $16.76B. AFRM at last check was trading at a discount to its 52-week high of $82.53, offering almost -57.62% off that amount. The share price’s 52-week low was $22.25, which indicates that the recent value has risen by an impressive 57.51% since then. We note from Affirm Holdings Inc’s average daily trading volume that its 10-day average is 10.49 million shares, with the 3-month average coming to 7.15 million.
Affirm Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 1.83. If we narrow it down even further, the data shows that 0 out of 23 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 9 recommended AFRM as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. Affirm Holdings Inc is expected to report earnings per share of -0.05 for the current quarter.
Affirm Holdings Inc (NASDAQ:AFRM) trade information
Instantly AFRM has been showing a green trend so far today with a performance of 4.93% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 52.61 on recent trading dayincreased the stock’s daily price by 0.48%. The company’s shares are currently down -14.02% year-to-date, but still up 9.17% over the last five days. On the other hand, Affirm Holdings Inc (NASDAQ:AFRM) is -23.62% down in the 30-day period. We can see from the shorts that 12.18 million shares have been sold at a short interest cover period of 1.61 day(s).
The consensus price target as assigned by Wall Street analysts is $67, which translates to bulls needing to increase their stock price by 21.85% 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 36.49%, up from the previous year.
Consensus estimates provided by 17 financial analysts predict the company will bring in an average of 779.85M in revenue for the current quarter. 17 analysts expect Affirm Holdings Inc to make 837.75M 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 35.35%. Forecasts for the next quarter put sales growth at 27.09%. Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -26.16%.
Affirm Holdings Inc (NASDAQ:AFRM)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.69% of Affirm Holdings Inc shares, and 78.99% of them are in the hands of institutional investors. The stock currently has a share float of 82.88%. Affirm Holdings Inc stock is held by 644.0 institutions, with MORGAN STANLEY being the largest institutional investor. By 2024-06-30, it held 9.6822% of the shares, which is about 30.55 million shares worth $922.78 million.
CAPITAL RESEARCH GLOBAL INVESTORS, with 7.5311% or 23.76 million shares worth $717.77 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
GROWTH FUND OF AMERICA and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 31, 2024. The former held 23.11 shares worth $1.21 billion, making up 8.28% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 7.25 shares worth around $380.93 million, which represents about 2.60% of the total shares outstanding.
