The stock of Affirm Holdings Inc (AFRM) has gone up by 6.53% for the week, with a 54.80% rise in the past month and a 59.12% rise in the past quarter. The volatility ratio for the week is 5.47%, and the volatility levels for the past 30 days are 7.39% for AFRM. The simple moving average for the past 20 days is 21.51% for AFRM’s stock, with a 89.36% simple moving average for the past 200 days.
Is It Worth Investing in Affirm Holdings Inc (NASDAQ: AFRM) Right Now?
Additionally, the 36-month beta value for AFRM is 3.64. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 4 rating it as “overweight,” 10 rating it as “hold,” and 1 rating it as “sell.”
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The public float for AFRM is 258.31M and currently, short sellers hold a 7.76% ratio of that float. The average trading volume of AFRM on November 29, 2024 was 11.70M shares.
AFRM) stock’s latest price update
Affirm Holdings Inc (NASDAQ: AFRM)’s stock price has soared by 2.43 in relation to previous closing price of 68.37. Nevertheless, the company has seen a gain of 6.53% in its stock price over the last five trading days. zacks.com reported 2024-11-28 that AFRM’s research reveals that 77% of consumers are adopting a “slow shopping” approach, taking extra time to evaluate whether a purchase is truly necessary.
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 43.44% 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 -0.24% of loss for the given period.
Volatility was left at 7.39%, however, over the last 30 days, the volatility rate increased by 5.47%, as shares surge +58.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +54.11% upper at present.
During the last 5 trading sessions, AFRM rose by +5.45%, which changed the moving average for the period of 200-days by +69.11% in comparison to the 20-day moving average, which settled at $57.60. In addition, Affirm Holdings Inc saw 42.51% 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 Michalek Libor, who sale 100,821 shares at the price of $68.11 back on Nov 22 ’24. After this action, Michalek Libor now owns 159,449 shares of Affirm Holdings Inc, valued at $6,866,470 using the latest closing price.
Michalek Libor, the President of Affirm Holdings Inc, sale 96,332 shares at $70.01 during a trade that took place back on Nov 25 ’24, which means that Michalek Libor is holding 159,449 shares at $6,744,203 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 -1839.97. When we switch over and look at the enterprise to sales, we see a ratio of 11.06. 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 seen better performance in recent times. Analysts have a bullish 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.
