Affirm Holdings Inc (NASDAQ:AFRM) shares, rose in value, with the stock price down by -2.08% to the previous day’s close as strong demand from buyers drove the stock to $32.08.
Actively observing the price movement in the last trading, the stock closed the session at $32.76. 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 -12.42% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.21B, with a low estimate of 536.4M and a high estimate of 567.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 549.42M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. 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 -3.96% and -10.63% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.12, while the 7-day volatility ratio is showing 6.16% which for the 30-day chart, stands at 5.45%. Furthermore, Affirm Holdings Inc (AFRM)’s beta value is 3.57, and its average true range (ATR) is 1.94.
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 -2.08% in last session, and over the past year, it grew by 204.65%%.
Data on historical trading for Affirm Holdings Inc (NASDAQ:AFRM) indicates that the trading volumes over the past 3 months, they’ve averaged 8.61 million. According to company’s latest data on outstanding shares, there are 306.87 million shares outstanding.
Nearly 20.47% of Affirm Holdings Inc’s shares belong to company insiders and institutional investors own 69.83% of the company’s shares. The stock has fallen by -34.72% 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.
