The 36-month beta value for AFRM is at 3.50. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 4 rating it as “overweight,” 10 as “hold,” and 1 as “sell.”
The public float for AFRM is 258.30M, and currently, shorts hold a 7.10% of that float. The average trading volume for AFRM on November 18, 2024 was 11.18M shares.
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AFRM) stock’s latest price update
The stock price of Affirm Holdings Inc (NASDAQ: AFRM) has surged by 5.53 when compared to previous closing price of 53.21, but the company has seen a 20.80% gain in its stock price over the last five trading sessions. fool.com reported 2024-11-14 that This buy now, pay later company is growing nicely and could benefit from tailwinds that could make it profitable in the near future.
AFRM’s Market Performance
AFRM’s stock has risen by 20.80% in the past week, with a monthly rise of 27.82% and a quarterly rise of 85.07%. The volatility ratio for the week is 10.29% while the volatility levels for the last 30 days are 7.02% for Affirm Holdings Inc The simple moving average for the past 20 days is 19.04% for AFRM’s stock, with a 56.18% simple moving average for the past 200 days.
Analysts’ Opinion of AFRM
Many brokerage firms have already submitted their reports for AFRM stocks, with Wedbush repeating the rating for AFRM by listing it as a “Neutral.” The predicted price for AFRM in the upcoming period, according to Wedbush is $45 based on the research report published on October 14, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see AFRM reach a price target of $52, previously predicting the price at $40. The rating they have provided for AFRM stocks is “Overweight” according to the report published on October 11th, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to AFRM, setting the target price at $37 in the report published on October 09th of the current year.
AFRM Trading at 26.22% 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 -5.26% of loss for the given period.
Volatility was left at 7.02%, however, over the last 30 days, the volatility rate increased by 10.29%, as shares surge +26.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +46.07% upper at present.
During the last 5 trading sessions, AFRM rose by +20.80%, which changed the moving average for the period of 200-days by +41.54% in comparison to the 20-day moving average, which settled at $47.17. In addition, Affirm Holdings Inc saw 14.27% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AFRM starting from Adkins Katherine, who sale 200,000 shares at the price of $55.05 back on Nov 11 ’24. After this action, Adkins Katherine now owns 93,545 shares of Affirm Holdings Inc, valued at $11,010,600 using the latest closing price.
O’Hare Robert, the Chief Financial Officer of Affirm Holdings Inc, sale 100,938 shares at $55.00 during a trade that took place back on Nov 11 ’24, which means that O’Hare Robert is holding 0 shares at $5,551,590 based on the most recent closing price.
Stock Fundamentals for AFRM
Current profitability levels for the company are sitting at:
- -0.1 for the present operating margin
- 0.76 for the gross margin
The net margin for Affirm Holdings Inc stands at -0.18. The total capital return value is set at -0.03. Equity return is now at value -16.52, with -4.81 for asset returns.
Based on Affirm Holdings Inc (AFRM), the company’s capital structure generated 0.71 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 2.5. The interest coverage ratio of the stock is -0.95.
Currently, EBITDA for the company is -2.23 million with net debt to EBITDA at -1829.12. When we switch over and look at the enterprise to sales, we see a ratio of 9.36. The receivables turnover for the company is 8.19for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.02.
Conclusion
In conclusion, Affirm Holdings Inc (AFRM) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
