Affirm Holdings Inc (NASDAQ:AFRM) shares, rose in value, with the stock price down by -4.60% to the previous day’s close as strong demand from buyers drove the stock to $32.11.
Actively observing the price movement in the last trading, the stock closed the session at $33.66. The value of beta (5-year monthly) was 3.60. Referring to stock’s 52-week performance, its high was $52.48, and the low was $8.80. On the whole, AFRM has fluctuated by -10.86% over the past month.
With the market capitalization of Affirm Holdings Inc currently standing at about $9.85 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 07, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.69, which is expected to increase to -$0.47 for fiscal year -$2.54 and then to about -$1.86 by fiscal year 2025. Data indicates that the EPS growth is expected to be 24.00% in 2025, while the next year’s EPS growth is forecast to be 26.80%.
Analysts have estimated the company’s revenue for the quarter at $549.69 million, with a low estimate of $536.4 million and a high estimate of $567.7 million. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $2.21 billion, representing an increase of 39.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that AFRM’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of AFRM currently trading nearly -11.16% and -17.05% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.55, while the 7-day volatility ratio is showing 5.80% which for the 30-day chart, stands at 6.26%. Furthermore, Affirm Holdings Inc (AFRM)’s beta value is 3.59, and its average true range (ATR) is 2.30.
A comparison of Affirm Holdings Inc (AFRM) with its peers suggests the former has fared considerably weaker in the market. AFRM showed an intraday change of -4.60% in last session, and over the past year, it grew by 184.41%%.
Data on historical trading for Affirm Holdings Inc (NASDAQ:AFRM) indicates that the trading volumes over the past 10 days have averaged 5.78 million and over the past 3 months, they’ve averaged 10.30 million. According to company’s latest data on outstanding shares, there are 306.87 million shares outstanding.
Nearly 20.44% of Affirm Holdings Inc’s shares belong to company insiders and institutional investors own 70.30% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 30.33 million shares as on Mar 15, 2024, resulting in a short ratio of 3.95. According to the data, the short interest in Affirm Holdings Inc (AFRM) stood at 9.88% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 29.89 million. The stock has fallen by -34.66% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AFRM stock heading into the next quarter.
