At the time of writing, Affirm Holdings Inc [AFRM] stock is trading at $44.01, up 5.64%. An important factor to consider is whether the stock is rising or falling in short-term value. The AFRM shares have gain 39.89% over the last week, with a monthly amount glided 66.58%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Affirm Holdings Inc [NASDAQ: AFRM] stock has seen the most recent analyst activity on July 30, 2024, when BofA Securities upgraded its rating to a Buy but kept the price target unchanged to $36 for it. BTIG Research started tracking the stock assigning a Neutral rating. JP Morgan upgraded its rating to a Overweight and raised its price target to $43 on May 09, 2024. In a note dated January 10, 2024, BMO Capital Markets initiated an Market Perform rating and provided a target price of $44 on this stock.
For the past year, the stock price of Affirm Holdings Inc fluctuated between $15.97 and $52.48. Currently, Wall Street analysts expect the stock to reach $43.6 within the next 12 months. Affirm Holdings Inc [NASDAQ: AFRM] shares were valued at $44.01 at the most recent close of the market. An investor can expect a potential drop of -0.93% based on the average AFRM price forecast.
Analyzing the AFRM fundamentals
According to Affirm Holdings Inc [NASDAQ:AFRM], the company’s sales were 2.32B for trailing twelve months, which represents an 47.86% jump. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at -0.14%, Pretax Profit Margin comes in at -0.22%, and Net Profit Margin reading is -0.22%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.2 and Total Capital is -0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.35.
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 41.42 points at the first support level, and at 38.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.74, and for the 2nd resistance point, it is at 47.48.
Ratios To Look Out For
It is important to note that Affirm Holdings Inc [NASDAQ:AFRM] has a current ratio of 4.84. On the other hand, the Quick Ratio is 4.84, and the Cash Ratio is 2.5. Considering the valuation of this stock, the price to sales ratio is 5.89, the price to book ratio is 5.01.
Transactions by insiders
Recent insider trading involved WHITE JAMES D, Former Affiliate, that happened on Aug 30 ’24 when 7201.0 shares were purchased. Director, Rabois Keith completed a deal on Aug 01 ’24 to sell 9275.0 shares. Meanwhile, Director Rabois Keith sold 9276.0 shares on Jul 01 ’24.
