Affirm Holdings Inc (NASDAQ:AFRM) price on Wednesday, July 10, fall -0.67% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $28.17.
A look at the stock’s price movement, the close in the last trading session was $28.36. Turning to its 52-week performance, $52.48 and $13.40 were the 52-week high and 52-week low respectively. Overall, AFRM moved -6.26% over the past month.
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Affirm Holdings Inc’s market cap currently stands at around $8.71 billion.
Analysts have a consensus estimate of 604.06M for the company’s revenue for the quarter, with a low and high estimate of 589.6M and 629.1M respectively. The average forecast suggests up to a 35.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.27B, representing a 42.80% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AFRM is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
AFRM’s current price about -8.79% and -10.48% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.90, while 7-day volatility ratio is 3.81% and 5.45% in the 30-day chart. Further, Affirm Holdings Inc (AFRM) has a beta value of 3.44, and an average true range (ATR) of 1.63.
If we refocus on Affirm Holdings Inc (NASDAQ:AFRM), historical trading data shows that trading volumes averaged 6.70 million over the past 3 months. The company’s latest data on shares outstanding shows there are 309.12 million shares.
The 19.48% of Affirm Holdings Inc’s shares are in the hands of company insiders while institutional holders own 69.51% of the company’s shares. Current price change has pushed the stock -42.67% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AFRM stock continues to rise going into the next quarter.