Affirm Holdings Inc. (NASDAQ:AFRM) saw an upside of 1.03% to close Monday at $14.65 after adding $0.15 on the day. The 5-day average trading volume is 6,778,900 shares of the company’s common stock. It has gained $14.94 in the past week and touched a new high 1 time within the past 5 days. An average of 11,676,095 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 13,885,354.
AFRM’s 1-month performance is -14.43% or -$2.47 on its low of $13.67 reached on 08/18/23. The company’s shares have touched a 52-week low of $8.62 and high of $34.03, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, AFRM has achieved 51.50% or $4.98 and has reached a new high 11 times. However, the current price is down -56.95% from the 52-week high price.
Insider Transactions
AFRM stock investors last saw insider trading activity on Jul 05.GIC Private Ltd (10% Owner) most recently sold 203,905 shares at $15.42 per share on Jul 05. This transaction cost the insider $3,144,215. Director, Rabois Keith, sold 17,286 shares at a price of $11.15 on Apr 03. Then, on Mar 01, Director Rabois Keith sold 17,287 shares at a price of $12.77 per share. This transaction amounted to $220,673.
Valuation Metrics
AFRM stock has a beta of 3.17. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.28 while the price-to-book (PB) in the most recent quarter is 1.73.
As well, the company’s long term debt to equity for the quarter ending March 30 was 1.88, while the total debt to equity was 1.88. The trailing 12-month EBITDA margin is -39.97% while for the period ending March 30, Affirm Holdings Inc.’s operating margin was -95.30%. The firm’s gross profit as reported stood at $703.14 million against revenue of $1.35 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected AFRM to announce -$0.92 per share in earnings in its latest quarter, but it posted -$0.69, representing a 25.00% surprise. EBITDA for the quarter stood at more than -$273.44 million. AFRM stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 5.0 billion, with total debt at $4.82 billion. Shareholders hold equity totaling $295.69 million.
Let’s look briefly at Affirm Holdings Inc. (AFRM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 37.39% to suggest the stock is trending Neutral, with historical volatility in this time period at 30.59%.
The stock’s 5-day moving average is $14.45, reflecting a -3.17% or -$0.48 change from its current price. AFRM is currently trading -14.18% above its 20-day SMA, +54.70% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -22.28% and SMA200 by-24.72%.
Stochastic %K and %D was 11.63% and 6.52% and the average true range (ATR) pointed at 0.90. The RSI (14) points at 41.18%, while the 14-day stochastic is at 18.74% with the period’s ATR at 1.02. The stock’s 9-day MACD Oscillator is pointing at -0.33 and -1.00 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Affirm Holdings Inc. (NASDAQ: AFRM), Piper Sandler downgraded it to an Underweight rating. They previously had a Neutral rating on the stock. Analysts offering their rating for AFRM stock have a consensus rating for the stock as Hold. Currently, 5 brokerage advisors rate AFRM as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 4 have offered a “buy” rating.
What is AFRM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $6.00 and a high of $24.00, with their median price target at $14.50. Looking at these predictions, the average price target given by analysts is for Affirm Holdings Inc. (AFRM) stock is $14.74.
