As of Thursday close, Affirm Holdings Inc.’s (NASDAQ:AFRM) stock was up $0.78, moving up 3.89 percent to $20.81. The average number of shares traded per day over the past five days has been 36,764,980 shares. 4 times new highs have been achieved over the past 5 days, with a $7.00 gain in that time frame. In the last twenty days, the average volume was 16,457,311, while in the previous 50 days, it was 15,165,514.
Since last month, AFRM stock rose 17.11%. Shares of the company fell to $13.67 on 08/18/23, the lowest level in the past month. A 52-week high of $27.26 was reached on 02/02/23 after having rallying from a 52-week low of $8.62. Since the beginning of this year, AFRM’s stock price has risen by 115.20% or $11.14, and marked a new high 11 times. However, the stock has declined by -23.66% since its 52-week high.
AFRM stock investors should be aware that Affirm Holdings Inc. (AFRM) stock had its last reported insider trading activity 58 days ago on Jul 05. GIC Private Ltd, the 10% Owner of the company, disposed of 203,905 shares for $15.42 on Jul 05. It resulted in a $3,144,215 divestment by the insider. Rabois Keith sold 17,286 shares at an average price of $11.15 on Apr 03. The insider now owns 0 shares following the transaction. On Mar 01, Director Rabois Keith sold 17,287 shares at $12.77 apiece. The transaction was valued at $220,673.
Valuation Metrics
The stock’s beta is 3.08. Besides these, the trailing price-to-sales (P/S) ratio of 3.69, the price-to-book (PB) ratio of 2.46.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 30 was 1.88, and the total debt-to-equity ratio was 1.88. In the year ended June 30, EBITDA margin amounted to -39.97%, whereas operating margins totaled -88.90%. Based on annual data, AFRM earned $531.81 million in gross profit and brought in $1.59 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 -31.90%.
In Affirm Holdings Inc.’s quarter-end financial report for June 30, it reported total debt of $2.17 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Affirm Holdings Inc. to report -$0.85 quarterly earnings, the actual figure was -$0.69 per share, beating the consensus estimate by 18.80%. During the quarter, the company generated -$221.85 million in EBITDA. The liabilities of Affirm Holdings Inc. were 5.62 billion at the end of its most recent quarter ended June 30, and its total debt was $5.45 billion. The value of shareholders’ equity is $299.3 million.
Technical Picture
This quick technical analysis looks at Affirm Holdings Inc.’s (AFRM) price momentum. With a historical volatility rate of 126.74%, the RSI 9-day stood at 79.61% on 31 August.
With respect to its five-day moving average, the current Affirm Holdings Inc. price is up by +50.69% percent or $7.00. At present, AFRM shares trade +19.26% above its 20-day simple moving average and +86.97% percent above its 100-day simple moving average. However, the stock is currently trading approximately +34.26% above its SMA50 and +22.34% above its SMA200.
Stochastic coefficient K was 96.42% and Stochastic coefficient D was 94.48%, while ATR was 1.30. Given the Stochastic reading of 95.84% for the 14-day period, the RSI (14) reading has been calculated as 71.66%. As of today, the MACD Oscillator reading stands at 3.01, while the 14-day reading stands at 3.88.
Analyst Ratings
Affirm Holdings Inc. downgraded its rating on Affirm Holdings Inc. (NASDAQ: AFRM) to an Underweight in a note to investors on July 06, 2023. The analysts firm previously had a Neutral rating on the stock.Affirm Holdings Inc. (AFRM) has been rated Hold by analysts. According to 5 brokerage firms, AFRM is a sell, and 10 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 4 recommending it as overweight.
With a median target price of $16.00, the current consensus forecast for the stock is $6.00 – $24.00. Based on these forecasts, analysts predict Affirm Holdings Inc. (AFRM) will achieve an average price target of $15.47.
