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Positives for Affirm Holdings Inc (AFRM) as stock gains in recent trading

Affirm Holdings Inc (NASDAQ: AFRM) is -30.63% lower on its value in year-to-date trading and has touched a low of $8.80 and a high of $52.48 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AFRM stock was last observed hovering at around $34.83 in the last trading session, with the day’s loss setting it -0.74%.

Currently trading at $34.09, the stock is -6.45% and -12.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.33 million and changing -2.12% at the moment leaves the stock 21.09% off its SMA200. AFRM registered 227.16% gain for a year compared to 6-month gain of 60.27%. The firm has a 50-day simple moving average (SMA 50) of $7.71 and a 200-day simple moving average (SMA200) of -$45.83.

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The stock witnessed a -10.31% loss in the last 1 month and extending the period to 3 months gives it a -30.63%, and is -6.93% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.82% over the week and 6.18% over the month.

Affirm Holdings Inc (AFRM) has around 2171 employees, a market worth around $10.46B and $1.91B in sales. Profit margin for the company is -39.19%. Distance from 52-week low is 287.39% and -35.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.59%).

Affirm Holdings Inc quarterly earnings per share for the current quarter are estimated at -$0.69 with sales reaching $550.51M over the same period.The EPS is expected to grow by 28.16% this year, but quarterly earnings will post 39.30% year-over-year.

Affirm Holdings Inc (AFRM) Top Institutional Holders

522 institutions hold shares in Affirm Holdings Inc (AFRM), with institutional investors hold 88.56% of the company’s shares. The shares outstanding are 306.87M, and float is at 244.14M with Short Float at 12.42%. Institutions hold 84.21% of the Float.

The top institutional shareholder in the company is Morgan Stanley with over 26.68 million shares valued at $409.01 million. The investor’s holdings represent 11.13% of the AFRM Shares outstanding. As of Jun 29, 2023, the second largest holder is Capital Research Global Investors with 22.02 million shares valued at $337.53 million to account for 9.19% of the shares outstanding. The other top investors are Baillie Gifford and Company which holds 19.41 million shares representing 8.10% and valued at over $297.55 million, while Vanguard Group Inc holds 7.73% of the shares totaling 18.52 million with a market value of $283.97 million.

Affirm Holdings Inc (AFRM) Insider Activity

The most recent transaction is an insider sale by Rabois Keith,the company’sDirector. SEC filings show that Rabois Keith sold 9,276 shares of the company’s common stock on Mar 14 ’24 at a price of $34.39 per share for a total of $0.32 million. Following the sale, the insider now owns 78552.0 shares.

Affirm Holdings Inc disclosed in a document filed with the SEC on Dec 27 ’23 that Linford Michael (Chief Financial Officer) sold a total of 65,000 shares of the company’s common stock. The trade occurred on Dec 27 ’23 and was made at $52.00 per share for $3.38 million. Following the transaction, the insider now directly holds 99063.0 shares of the AFRM stock.

Still, SEC filings show that on Dec 19 ’23, Linford Michael (Chief Financial Officer) disposed off 65,000 shares at an average price of $50.00 for $3.25 million. The insider now directly holds 99,063 shares of Affirm Holdings Inc (AFRM).

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