Affirm Holdings Inc. (NASDAQ:AFRM) finished Thursday with a subtraction of -$0.7 to close at $13.81, a downside of -4.82 percent. An average of 10,419,279 shares of common stock have been traded in the last five days. There was a fall of -$0.41 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 11,043,760 shares traded, while the 50-day average volume stands at 13,304,926.
AFRM stock has decreased by -22.11% in the last month. The company shares reached their 1-month lowest point of $13.67 on 08/18/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $8.62 and a high of $31.42 in 52 weeks. It has reached a new high 11 times so far this year and achieved 42.81% or $4.14 in price. In spite of this, the price is down -56.05% from the 52-week high.
Insider Transactions
AFRM stock investors should be aware that Affirm Holdings Inc. (AFRM) stock had its last reported insider trading activity 51 days ago on Jul 05. In this transaction, the insider spent $3,144,215. Director, Rabois Keith, disposed of 17,286 shares at a price of $11.15 on Apr 03. The insider now owns more than $192,711 worth of shares. Prior to that, Director Rabois Keith went on to Sale 17,287 shares at $12.77 each on Mar 01. An amount of $220,673 was transacted.
Valuation Metrics
Affirm Holdings Inc. (AFRM) stock’s beta is 3.18. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.09, the price-to-book (PB) ratio at 1.63.
Financial Health
Further, the company has a long term debt to equity ratio of 1.88 and a total debt to equity ratio of 1.88 for the quarter ending March 30. Affirm Holdings Inc.’s EBITDA margin for the year ending March 30 is -39.97%, while its operating margin for the same period stands at -95.30%. 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 -13.10%.
Earnings Surprise
For the three-month period that ended March 30, Affirm Holdings Inc. had $1.79 billion in total debt. The analyst consensus anticipated Affirm Holdings Inc.’s latest quarter earnings to come in at -$0.92 per share, but it turned out to be -$0.69, a 25.00% surprise. For the quarter, EBITDA amounted to -$273.44 million. Shareholders own equity worth $295.69 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 24 August was 31.57%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.44%.
As of today, AFRM’s price is $14.34 -2.88% or -$0.41 from its 5-day moving average. AFRM is currently trading -15.95% lower than its 20-day SMA and +22.54% higher than its 100-day SMA. However, the stock’s current price level is -26.31% below the SMA50 and -14.33% below the SMA200.
The stochastic %K and %D were 12.85% and 15.22%, respectively, and the average true range (ATR) was 0.90. With the 14-day stochastic at 4.64% and the average true range at 1.00, the RSI (14) stands at 37.01%. The stock has reached -0.25 on the 9-day MACD Oscillator while the 14-day reading was at -0.61.
Analyst Ratings
Piper Sandler downgraded Affirm Holdings Inc. (NASDAQ: AFRM) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Affirm Holdings Inc. (AFRM) among analysts is Hold. According to current brokerage recommendations, 5 brokerage firms advise that investors sell AFRM, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 4 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 $6.00 and $24.00, with a median target of $15.00. Taking a look at these predictions, the average price target given by analysts for Affirm Holdings Inc. (AFRM) stock is $14.91.
