Affirm Holdings Inc (NASDAQ:AFRM) price on Tuesday, December 24, rose 1.46% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $65.90.
A look at the stock’s price movement, the close in the last trading session was $64.95, moving within a range at $64.535 and $66.075. The beta value (5-Year monthly) was 3.477. Turning to its 52-week performance, $73.34 and $22.25 were the 52-week high and 52-week low respectively. Overall, AFRM moved -1.11% over the past month.
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Affirm Holdings Inc’s market cap currently stands at around $21.00 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 806.04M for the company’s revenue for the quarter, with a low and high estimate of 788.25M and 869.6M respectively. The average forecast suggests up to a 36.36% 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 3.1B, representing a 33.40% 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 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
16 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 7 analyst(s) rate the stock as a Hold, 5 recommend AFRM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 4 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AFRM’s current price about -3.59% and 14.19% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.93, while 7-day volatility ratio is 7.88% and 6.33% in the 30-day chart. Further, Affirm Holdings Inc (AFRM) has a beta value of 3.67, and an average true range (ATR) of 4.31. Analysts have given the company’s stock an average 52-week price target of $53, forecast between a low of $37 and high of $82. Looking at the price targets, the low is 43.85% off current price level while to achieve the yearly target high, price needs to move -24.43%. Nonetheless, investors will most likely welcome a 19.58% jump to $53 which is the analysts’ median price.
If we refocus on Affirm Holdings Inc (NASDAQ:AFRM), historical trading data shows that trading volumes averaged 7.62 over the past 10 days and 9.69 million over the past 3 months. The company’s latest data on shares outstanding shows there are 271.83 million shares.
The 17.75% of Affirm Holdings Inc’s shares are in the hands of company insiders while institutional holders own 67.17% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 16.69 million on 2024-11-29, giving us a short ratio of 1.36. The data shows that as of 2024-11-29 short interest in Affirm Holdings Inc (AFRM) stood at 621.0 of shares outstanding, with shares short falling to 18.34 million registered in 2024-10-31. Current price change has pushed the stock 33.92% 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.
