Affirm Holdings Inc [AFRM] stock is trading at $32.10, up 8.67%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AFRM shares have gain 14.03% over the last week, with a monthly amount drifted -10.21%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On June 07, 2024, BTIG Research initiated with a Neutral rating. JP Morgan upgraded its rating to a Overweight and increased its price target to $43 on May 09, 2024. Needham initiated its recommendation with a Hold. BMO Capital Markets started tracking with a Market Perform rating for this stock on January 10, 2024, and assigned it a price target of $44. In a note dated December 18, 2023, Morgan Stanley downgraded an Underweight rating on this stock and boosted its target price from $15 to $20.
Affirm Holdings Inc [AFRM] stock has fluctuated between $13.67 and $52.48 over the past year. Currently, Wall Street analysts expect the stock to reach $49.4 within the next 12 months. Affirm Holdings Inc [NASDAQ: AFRM] shares were valued at $32.10 at the most recent close of the market. An investor can expect a potential return of 53.89% based on the average AFRM price forecast.
Analyzing the AFRM fundamentals
Affirm Holdings Inc [NASDAQ:AFRM] reported sales of 2.11B for the trailing twelve months, which represents a growth of 51.23%. Gross Profit Margin for this corporation currently stands at 0.65% with Operating Profit Margin at -0.31%, Pretax Profit Margin comes in at -0.32%, and Net Profit Margin reading is -0.32%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.26 and Total Capital is -0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.38.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 30.36 points at the first support level, and at 28.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.10, and for the 2nd resistance point, it is at 34.10.
Ratios To Look Out For
For context, Affirm Holdings Inc’s Current Ratio is 14.54. As well, the Quick Ratio is 14.54, while the Cash Ratio is 9.57. Considering the valuation of this stock, the price to sales ratio is 4.70, the price to book ratio is 3.78.
Transactions by insiders
Recent insider trading involved Rabois Keith, Director, that happened on Jul 01 ’24 when 9276.0 shares were sold. Director, Rabois Keith completed a deal on Jun 03 ’24 to sell 9276.0 shares. Meanwhile, Director Rabois Keith sold 9276.0 shares on May 01 ’24.
