1 time Within The Past Five Days, Affirm Holdings Inc. (AFRM) Hit A New High

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Affirm Holdings Inc. (NASDAQ:AFRM) finished Thursday with a subtraction of -$1.33 to close at $20.00, a downside of -6.24 percent. An average of 10,869,620 shares of common stock have been traded in the last five days. There was a fall of -$3.99 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 12,696,520 shares traded, while the 50-day average volume stands at 13,358,118.

AFRM stock has decreased by -31.79% in the last month. The company shares reached their 1-month lowest point of $19.75 on 09/22/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $13.64 and a high of $176.65 in 52 weeks. It has reached a new high 1 time so far this year and lost -80.11% or -$80.56 in price. In spite of this, the price is down -88.68% from the 52-week high.


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Insider Transactions

234 days have passed since Affirm Holdings Inc. (AFRM) last reported insider trading activity. Linford Michael, who is Chief Financial Officer, most recently acquired $48,150 shares at $65.96 per share on Feb 01. In this transaction, the insider spent $3,175,838. Director, Rabois Keith, disposed of 18,704 shares at a price of $96.34 on Jan 03. The insider now owns more than $1,802,014 worth of shares. Prior to that, Chief Legal Officer Adkins Katherine went on to Sale 1,362 shares at $116.08 each on Dec 02. An amount of $158,094 was transacted.

Valuation Metrics

Affirm Holdings Inc. (AFRM) has a trailing price-to-sales (P/S) ratio at 5.39, the price-to-book (PB) ratio at 2.20.

Financial Health

Further, the company has a long term debt to equity ratio of 1.53 and a total debt to equity ratio of 1.53 for the quarter ending June 29. Its gross profit as reported stood at $703.14 million compared to revenue of $1.35 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Affirm Holdings Inc.’s return on assets was -10.70%.

Earnings Surprise

For the three-month period that ended June 29, Affirm Holdings Inc. had $1.63 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$186.4 million in the quarter, while revenues of -$54.67 million were grew 249.53%. The analyst consensus anticipated Affirm Holdings Inc.’s latest quarter earnings to come in at -$0.63 per share, but it turned out to be -$0.65, a -3.20% surprise. For the quarter, EBITDA amounted to -$274.27 million. Shareholders own equity worth $289.07 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Affirm Holdings Inc. (AFRM) price momentum. RSI 9-day as of the close on 22 September was 27.02%, suggesting the stock is oversold, with historical volatility in this time frame at 59.11%.

As of today, AFRM’s price is $21.69 -16.63% or -$3.99 from its 5-day moving average. AFRM is currently trading -33.84% lower than its 20-day SMA and -30.31% lower than its 100-day SMA. However, the stock’s current price level is -3.80% below the SMA50 and -81.97% below the SMA200.

The stochastic %K and %D were 5.66% and 11.81%, respectively, and the average true range (ATR) was 1.95. With the 14-day stochastic at 3.29% and the average true range at 2.13, the RSI (14) stands at 33.41%. The stock has reached -1.93 on the 9-day MACD Oscillator while the 14-day reading was at -2.10.

Analyst Ratings

Goldman launched coverage on Affirm Holdings Inc. (NASDAQ: AFRM) in its analyst report released on July 11, 2022. The firm assigned the stock a Neutral rating. The consensus rating for Affirm Holdings Inc. (AFRM) among analysts is Overweight. According to current brokerage recommendations, 3 brokerage firms advise that investors sell AFRM, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 7 others rate it as a “buy”.

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

Analysts predict a range of price targets between $15.00 and $70.00, with a median target of $30.00. Taking a look at these predictions, the average price target given by analysts for Affirm Holdings Inc. (AFRM) stock is $34.47.

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