Keep An Eye On Affirm Holdings Inc.’s Insider Activity (AFRM)

The stock of Affirm Holdings Inc. (NASDAQ:AFRM) decreased by decreased by -$0.13 on Friday to finish at $155.21, down -0.08 percent. The last five days have seen an average of 13,247,721 shares of common stock traded. The average number of shares traded over the last 20 days was 19,475,141, while the average volume over the last 50 days totaled 15,186,194.

AFRM stock appreciated 22.32% since last month. On 10/04/21, the company’s shares reached a one-month low of $106.80. The stock touched a high of $160.69, after rallying from a low of $46.50 in 52 weeks. The price of AFRM stock has risen by 59.62%. Still, the stock price is down -3.41% from the 52-week high.


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Insider Transactions

There have been 224 days since Affirm Holdings Inc. (AFRM) last reported insider trading activity on Mar 15. On Mar 15, Vice President, Controller Jiyane Siphelele sold 12,137 shares at $81.18 each. This transaction resulted in the insider making $985,293. On Mar 04, Linford Michael sold 25,000 shares at a price of US$81.67. After the transaction, the insider now owns 4,590 shares. Chief Financial Officer Linford Michael had earlier sold 43,380 shares on Mar 03 for $90.78 a share. The transaction was completed for $3,937,871.

The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.72, and the total debt to equity ratio is 0.72. Affirm Holdings Inc.’s EBITDA margin for the year ended June 29 was -5.04%, whereas its operating margin stood at -48.60% for the same period. Based on annual data, it had gross profit of $487.92 million and revenue of $870.46 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AFRM’s return on assets (ROA) during the last 12 months has been -11.80%. There was a -8.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -40.20%. ROE has averaged 3.34 in the past year for the broader industry.

Earnings Surprise

According to Affirm Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at -$434.71 million, while revenues rose by 100.0% to $230.67 million. It was predicted that Affirm Holdings Inc.’s quarterly earnings would be -$0.48, but it ended up being -$0.29, beating the consensus by -65.50%. EBITDA was -$133.43 million for the quarter. At the end of Affirm Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 2.29 billion, while its total debt was $2.11 billion. Equity owned by shareholders amounts to $271.88 million.

Technical Picture

Here’s a quick look at Affirm Holdings Inc.’s (AFRM) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 66.51%, suggesting the stock is Neutral, with a 55.26% historical volatility rate.

The stochastic %K and %D were 85.08% and 85.83% respectively, while the average true range (ATR) was 10.50. Based on the 14-day stochastic reading of 89.38%, the RSI (14) reading is 66.00%. On the 9-day MACD Oscillator, the stock is at 2.42, and the 14-day reading is at 9.30.

Analyst Ratings

In a note to investors, RBC Capital Mkts maintained its an Outperform rating on Affirm Holdings Inc. (NASDAQ: AFRM). However, the firm raised their price target to $130, indicating a possible decrease of -25.17% in the stock price. Analysts have assigned Affirm Holdings Inc. (AFRM) an Overweight rating. AFRM is a stock that is recommended for selling by 1 brokerage firm, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 6 others recommend it as a buy.

What is AFRM’s price target for the next 12 months?

The current consensus forecast for the stock is between $65.00 and $175.00, with a median target price of $130.00. In analyzing these forecasts, the average price target given by analysts for Affirm Holdings Inc. (AFRM) is $129.09.

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