Affirm Holdings Inc (NASDAQ:AFRM) finished Thursday with an addition of $0.59 to close at $20.85, an upside of 2.91 percent. An average of 12,368,620 shares of common stock have been traded in the last five days. There was a fall of -$0.40 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 13,626,965 shares traded, while the 50-day average volume stands at 14,782,428.
AFRM stock has increased by 8.88% in the last month. The company shares reached their 1-month lowest point of $17.89 on 08/29/23. With the stock rallying to its 52-week high on 09/18/23, shares of the company touched a low of $8.62 and a high of $25.63 in 52 weeks. It has reached a new high 15 times so far this year and achieved 115.62% or $11.18 in price. In spite of this, the price is down -18.65% 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 86 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 2.95. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.93, the price-to-book (PB) ratio at 2.44.
Financial Health
The quick ratio of Affirm Holdings Inc for the three months ended June 29 was 3.75, and the current ratio was 3.75, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.04 and a total debt to equity ratio of 2.13 for the quarter ending June 29. Its gross profit as reported stood at $531.81 million compared to revenue of $1.59 billion.
Earnings Surprise
For the three-month period that ended June 29, Affirm Holdings Inc had $2.17 billion in total debt. The analyst consensus anticipated Affirm Holdings Inc’s latest quarter earnings to come in at -$0.85 per share, but it turned out to be -$0.69, a 18.80% surprise. For the quarter, EBITDA amounted to -$221.85 million. Shareholders own equity worth $299.3 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 28 September was 46.21%, suggesting the stock is Neutral, with historical volatility in this time frame at 57.24%.
As of today, AFRM’s price is $20.28 -1.88% or -$0.40 from its 5-day moving average. AFRM is currently trading +4.09% higher than its 20-day SMA and +94.68% higher than its 100-day SMA. However, the stock’s current price level is +18.13% above the SMA50 and +83.86% above the SMA200.
The stochastic %K and %D were 20.09% and 16.19%, respectively, and the average true range (ATR) was 1.30. With the 14-day stochastic at 27.79% and the average true range at 1.30, the RSI (14) stands at 51.05%. The stock has reached -1.27 on the 9-day MACD Oscillator while the 14-day reading was at -2.04.
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.
