Look For Institutional Buying In Affirm Holdings Inc (NASDAQ: AFRM)

Affirm Holdings Inc (AFRM) concluded trading on Wednesday at a closing price of $58.67, with 4.46 million shares of worth about $261.94 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 108.27% during that period and on January 08, 2025 the price saw a loss of about -4.27%. Currently the company’s common shares owned by public are about 271.83M shares, out of which, 258.31M shares are available for trading.

Stock saw a price change of -3.66% in past 5 days and over the past one month there was a price change of -18.38%. Year-to-date (YTD), AFRM shares are showing a performance of -3.66% which increased to 29.40% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $22.25 but also hit the highest price of $73.34 during that period. The average intraday trading volume for Affirm Holdings Inc shares is 9.38 million. The stock is currently trading -10.52% below its 20-day simple moving average (SMA20), while that difference is down -4.08% for SMA50 and it goes to 43.74% higher than SMA200.

Affirm Holdings Inc (NASDAQ: AFRM) currently have 271.83M outstanding shares and institutions hold larger chunk of about 67.21% of that.

The stock has a current market capitalization of $18.43B and its 3Y-monthly beta is at 3.68. It has posted earnings per share of -$1.43 in the same period. It has Quick Ratio of 6.02 while making debt-to-equity ratio of 2.46. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AFRM, volatility over the week remained 6.60% while standing at 6.36% over the month.

Stock’s fiscal year EPS is expected to rise by 77.38% while it is estimated to increase by 263.70% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JMP Securities on December 20, 2024 offering a Mkt outperform rating for the stock and assigned a target price of $78 to it. Coverage by Jefferies stated Affirm Holdings Inc (AFRM) stock as a Buy in their note to investors on December 19, 2024, suggesting a price target of $82 for the stock. On October 14, 2024, Wedbush Upgrade their recommendations, while on October 11, 2024, Wells Fargo Upgrade their ratings for the stock with a price target of $52. Stock get an Equal-weight rating from Morgan Stanley on October 09, 2024.

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