Affirm Holdings Inc. (NASDAQ:AFRM) price on Friday, December 10, fall -3.29% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $115.21.
A look at the stock’s price movement, the level at last check in today’s session was $119.13, moving within a range at $115.85 and $127.89. Turning to its 52-week performance, $176.65 and $46.50 were the 52-week high and 52-week low respectively. Overall, AFRM moved -24.50% over the past month.
3 Tiny Stocks Primed to Explode The world’s greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We’ve set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Affirm Holdings Inc.’s market cap currently stands at around $35.51 billion, with investors looking forward to this quarter’s earnings report slated for May 10, 2021. Analysts project the company’s earnings per share (EPS) to be -$0.21, which has seen fiscal year 2022 EPS growth forecast to increase to -$0.74 and about -$0.46 for fiscal year 2023. Per the data, EPS growth is expected to be 72.80% for 2021 and 37.80% for the next financial year.
Analysts have a consensus estimate of $233.89 million for the company’s revenue for the quarter, with a low and high estimate of $215.04 million and $249.65 million respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2022 to grow to $1.17 billion, representing a 34.30% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was 1 upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that AFRM is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
13 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 7 recommend AFRM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AFRM’s current price about -12.22% and -17.97% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.87, while 7-day volatility ratio is 11.27% and 9.21% in the 30-day chart. Further, Affirm Holdings Inc. (AFRM) has a beta value of 0, and an average true range (ATR) of 12.21. Analysts have given the company’s stock an average 52-week price target of $166.85, forecast between a low of $110.00 and high of $220.00. Looking at the price targets, the low is 4.52% off recent price level in today’s trading while to achieve the yearly target high, it has to move -90.96%. Nonetheless, investors will most likely welcome a -51.9% jump to $175.00 which is the analysts’ median price.
In the market, a comparison of Affirm Holdings Inc. (AFRM) and its peers suggest the former has performed considerably weaker. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.21% and 0.05% respectively on the day as seen in early trades.
If we refocus on Affirm Holdings Inc. (NASDAQ:AFRM), historical trading data shows that trading volumes averaged 15.28 million over the past 3 months. The company’s latest data on shares outstanding shows there are 271.68 million shares.
The 0.80% of Affirm Holdings Inc.’s shares are in the hands of company insiders while institutional holders own 55.30% of the company’s shares. Current price change has pushed the stock 22.51% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AFRM stock continues to rise going into the next quarter.