Affirm Holdings Inc (AFRM): A Great Stock For Handling Current Market Conditions?

Currently, there are 307.06M common shares owned by the public and among those 243.03M shares have been available to trade.

Insiders at the company have transacted a total of 78 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 39 of these insider trades were purchases, accounting for 257,011 shares. Insider sales of the common stock occurred on 39 occasions, with total insider shares sold totaling 295,448 shares.

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The company’s stock has a 5-day price change of -15.58% and 54.81% over the past three months. AFRM shares are trading -22.69% year to date (YTD), with the 12-month market performance up to 179.75% higher. It has a 12-month low price of $8.80 and touched a high of $52.48 over the same period. AFRM has an average intraday trading volume of 19.36 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -10.04%, -12.59%, and 52.82% respectively.

Institutional ownership of Affirm Holdings Inc (NASDAQ: AFRM) shares accounts for 69.82% of the company’s 307.06M shares outstanding.

It has a market capitalization of $11.67B and a beta (3y monthly) value of 3.67. The earnings-per-share (ttm) stands at -$2.49. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.09% over the week and 7.50% over the month.

Analysts forecast that Affirm Holdings Inc (AFRM) will achieve an EPS of -$0.69 for the current quarter, -$0.61 for the next quarter and -$1.77 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.89 while analysts give the company a high EPS estimate of -$0.52. Comparatively, EPS for the current quarter was -$0.69 a year ago. Earnings per share for the fiscal year are expected to increase by 28.40%, and 24.13% over the next financial year.

Looking at the support for the AFRM, a number of firms have released research notes about the stock. BMO Capital Markets stated their Market Perform rating for the stock in a research note on January 10, 2024, with the firm’s price target at $44. Morgan Stanley coverage for the Affirm Holdings Inc (AFRM) stock in a research note released on December 18, 2023 offered a Underweight rating with a price target of $20. Jefferies was of a view on November 28, 2023 that the stock is Hold, while Wells Fargo gave the stock Equal Weight rating on October 31, 2023, issuing a price target of $17. Compass Point on their part issued Sell rating on October 25, 2023.

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