Affirm Holdings Inc (NASDAQ: AFRM) is 30.16% higher on its value in year-to-date trading and has touched a low of $22.25 and a high of $62.88 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AFRM stock was last observed hovering at around $62.06 in the last trading session, with the day’s gains setting it 1.9%.
Currently trading at $63.96, the stock is 30.29% and 40.58% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.46 million and changing 3.06% at the moment leaves the stock 76.84% off its SMA200. AFRM registered 158.01% gain for a year compared to 6-month gain of 98.14%. The firm has a 50-day simple moving average (SMA 50) of $44.9631 and a 200-day simple moving average (SMA200) of $36.056725.
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The stock witnessed a 46.53% loss in the last 1 month and extending the period to 3 months gives it a 114.99%, and is 11.06% up 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 8.40% over the week and 7.24% over the month.
Affirm Holdings Inc (AFRM) has around 2006 employees, a market worth around $20.09B and $2.52B in sales. Fwd P/E is 113.11. Profit margin for the company is -17.67%. Distance from 52-week low is 187.46% and 1.72% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.68%).
with sales reaching $806.17M over the same period.The EPS is expected to grow by 66.82% this year, but quarterly earnings will post 33.39% year-over-year. Quarterly sales are estimated to grow 36.38% in year-over-year returns.
Affirm Holdings Inc (AFRM) Top Institutional Holders
561.0 institutions hold shares in Affirm Holdings Inc (AFRM), with institutional investors hold 82.58% of the company’s shares. The shares outstanding are 267.31M, and float is at 258.30M with Short Float at 7.10%. Institutions hold 78.57% of the Float.
The top institutional shareholder in the company is MORGAN STANLEY with over 30.55 million shares valued at $922.78 million. The investor’s holdings represent 9.7706% of the AFRM Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL RESEARCH GLOBAL INVESTORS with 23.76 million shares valued at $717.77 million to account for 7.5998 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 21.04 million shares representing 6.7292% and valued at over $635.53 million, while CAPITAL WORLD INVESTORS holds 6.0161 of the shares totaling 18.81 million with a market value of $568.18 million.
Affirm Holdings Inc (AFRM) Insider Activity
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Still, SEC filings show that on Nov 11 ’24, Adkins Katherine (Chief Legal Officer) disposed off 200,000 shares at an average price of $55.05 for $11.01 million. The insider now directly holds 93,545 shares of Affirm Holdings Inc (AFRM).
