In the past week, AFRM stock has gone up by 19.61%, with a monthly gain of 12.79% and a quarterly surge of 46.67%. The volatility ratio for the week is 6.27%, and the volatility levels for the last 30 days are 5.56% for Affirm Holdings Inc The simple moving average for the last 20 days is 11.32% for AFRM stock, with a simple moving average of 32.66% for the last 200 days.
Is It Worth Investing in Affirm Holdings Inc (NASDAQ: AFRM) Right Now?
Additionally, the 36-month beta value for AFRM is 3.50. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for AFRM is 251.62M and currently, short sellers hold a 7.69% ratio of that float. The average trading volume of AFRM on October 14, 2024 was 9.08M shares.
AFRM) stock’s latest price update
The stock of Affirm Holdings Inc (NASDAQ: AFRM) has increased by 12.07 when compared to last closing price of 42.01. Despite this, the company has experienced a 19.61% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-13 that Affirm’s provides buy-now-pay-later services, appealing to younger consumers seeking flexible payment options. The company has shown significant growth potential, driven by strategic partnerships with major retailers and expanding consumer adoption with the largest GMV per customer among its competitors. Affirm is well positioned to grow in an underpenetrated BNPL market.
Analysts’ Opinion of AFRM
Many brokerage firms have already submitted their reports for AFRM stocks, with Wells Fargo repeating the rating for AFRM by listing it as a “Overweight.” The predicted price for AFRM in the upcoming period, according to Wells Fargo is $52 based on the research report published on October 11, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see AFRM reach a price target of $37, previously predicting the price at $22. The rating they have provided for AFRM stocks is “Equal-Weight” according to the report published on October 09th, 2024.
BTIG Research gave a rating of “Buy” to AFRM, setting the target price at $68 in the report published on October 08th of the current year.
AFRM Trading at 29.08% from the 50-Day Moving Average
After a stumble in the market that brought AFRM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.29% of loss for the given period.
Volatility was left at 5.56%, however, over the last 30 days, the volatility rate increased by 6.27%, as shares surge +6.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +78.20% upper at present.
During the last 5 trading sessions, AFRM rose by +19.61%, which changed the moving average for the period of 200-days by -5.92% in comparison to the 20-day moving average, which settled at $42.29. In addition, Affirm Holdings Inc saw -4.19% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AFRM starting from Adkins Katherine, who sale 82,316 shares at the price of $45.00 back on Sep 18 ’24. After this action, Adkins Katherine now owns 91,499 shares of Affirm Holdings Inc, valued at $3,704,228 using the latest closing price.
Adkins Katherine, the Chief Legal Officer of Affirm Holdings Inc, sale 46,600 shares at $45.00 during a trade that took place back on Sep 17 ’24, which means that Adkins Katherine is holding 122,069 shares at $2,097,061 based on the most recent closing price.
Stock Fundamentals for AFRM
Current profitability levels for the company are sitting at:
- -0.14 for the present operating margin
- 0.74 for the gross margin
The net margin for Affirm Holdings Inc stands at -0.22. The total capital return value is set at -0.04. Equity return is now at value -19.66, with -5.86 for asset returns.
Based on Affirm Holdings Inc (AFRM), the company’s capital structure generated 0.7 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 2.35. The interest coverage ratio of the stock is -0.97.
Currently, EBITDA for the company is 86.36 million with net debt to EBITDA at 130.7. When we switch over and look at the enterprise to sales, we see a ratio of 8.53. The receivables turnover for the company is 6.58for trailing twelve months and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.84.
Conclusion
In conclusion, Affirm Holdings Inc (AFRM) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
