So Far This Year, Affirm Holdings Inc. (AFRM) Reached A New High 2 times

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As of Wednesday close, Affirm Holdings Inc.’s (NASDAQ:AFRM) stock was up $0.64, moving up 5.05 percent to $13.31. The average number of shares traded per day over the past five days has been 13,255,380 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.81 fall in that time frame. In the last twenty days, the average volume was 16,469,859, while in the previous 50 days, it was 13,358,286.

Since last month, AFRM stock retreated -35.45%. Shares of the company fell to $11.94 on 11/09/22, the lowest level in the past month. A 52-week high of $140.49 was reached on 01/03/22 after having rallying from a 52-week low of $11.94. Since the beginning of this year, AFRM’s stock price has dropped by -86.76% or -$87.25, and marked a new high 1 time. However, the stock has declined by -90.53% since its 52-week high.


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AFRM stock investors should be aware that Affirm Holdings Inc. (AFRM) stock had its last reported insider trading activity 24 days ago on Nov 01. Rabois Keith, the Director of the company, disposed of 17,287 shares for $20.04 on Nov 01. It resulted in a $346,438 divestment by the insider. GIC Private Ltd added 3,898 shares at an average price of $30.00 on Apr 29. The insider now owns 4,499,514 shares following the transaction. On Apr 28, 10% Owner GIC Private Ltd bought 28,038 shares at $30.13 apiece. The transaction was valued at $844,785.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.65, and the total debt-to-equity ratio was 1.65. In the year ended September 29, operating margins totaled -81.40%. Based on annual data, AFRM earned $703.14 million in gross profit and brought in $1.35 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -12.80%. Return on equity (ROE) for the past 12 months was -25.50%.

In Affirm Holdings Inc.’s quarter-end financial report for September 29, it reported total debt of $1.72 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. AFRM’s revenue rose 25.5% to $364.13 million during the quarter, while net income inched up to $361.62 million. While analysts expected Affirm Holdings Inc. to report -$0.83 quarterly earnings, the actual figure was -$0.86 per share, beating the consensus estimate by -3.60%. During the quarter, the company generated -$286.17 million in EBITDA. The liabilities of Affirm Holdings Inc. were 4.6 billion at the end of its most recent quarter ended September 29, and its total debt was $4.37 billion. The value of shareholders’ equity is $290.15 million.

Technical Picture

This quick technical analysis looks at Affirm Holdings Inc.’s (AFRM) price momentum. With a historical volatility rate of 118.13%, the RSI 9-day stood at 37.59% on 23 November.

With respect to its five-day moving average, the current Affirm Holdings Inc. price is down by -11.97% percent or -$1.81. At present, AFRM shares trade -35.26% below its 20-day simple moving average and -32.88% percent below its 100-day simple moving average. However, the stock is currently trading approximately -45.29% below its SMA50 and -79.60% below its SMA200.

Stochastic coefficient K was 15.25% and Stochastic coefficient D was 15.96%, while ATR was 1.67. Given the Stochastic reading of 20.98% for the 14-day period, the RSI (14) reading has been calculated as 38.38%. As of today, the MACD Oscillator reading stands at -1.77, while the 14-day reading stands at -1.82.

Analyst Ratings

Deutsche Bank reiterated its a Hold rating on Affirm Holdings Inc. (NASDAQ: AFRM) in a note to investors. The analysts firm has however raised their price target to $14, representing a possible 39.5% increase in the stock price. Affirm Holdings Inc. (AFRM) has been rated Overweight by analysts. According to 3 brokerage firms, AFRM is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Affirm Holdings Inc. stock as buy, with 8 recommending it as overweight.

With a median target price of $20.50, the current consensus forecast for the stock is $10.00 – $52.00. Based on these forecasts, analysts predict Affirm Holdings Inc. (AFRM) will achieve an average price target of $21.24.

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