Affirm Holdings Inc (NASDAQ:AFRM) price on current trading day, rose 0.91% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $64.54.
A look at the stock’s price movement, the close in the last trading session was $63.96. Turning to its 52-week performance, $82.53 and $22.25 were the 52-week high and 52-week low respectively. Overall, AFRM moved 16.98% over the past month.
Affirm Holdings Inc’s market cap currently stands at around $20.53 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 776.83M for the company’s revenue for the quarter, with a low and high estimate of 759.64M and 796M respectively. The average forecast suggests up to a 34.83% 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 3.18B, representing a 36.79% 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 50% 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 -7.02% and -0.44% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.62, while 7-day volatility ratio is 8.07% and 6.34% in the 30-day chart. Further, Affirm Holdings Inc (AFRM) has a beta value of 3.64, and an average true range (ATR) of 4.47. Analysts have given the company’s stock an average 52-week price target of $54, forecast between a low of $37 and high of $82. Looking at the price targets, the low is 42.67% off current price level while to achieve the yearly target high, price needs to move -27.05%. Nonetheless, investors will most likely welcome a 16.33% jump to $54 which is the analysts’ median price.
If we refocus on Affirm Holdings Inc (NASDAQ:AFRM), historical trading data shows that trading volumes averaged 6.84 million over the past 3 months. The company’s latest data on shares outstanding shows there are 274.93 million shares.
The 17.14% of Affirm Holdings Inc’s shares are in the hands of company insiders while institutional holders own 68.20% of the company’s shares. Current price change has pushed the stock 5.98% 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.
