Wall Street Analyst Initiated Affirm Holdings Inc. [AFRM]. What else is Wall St. saying

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Affirm Holdings Inc. [NASDAQ: AFRM] slipped around -0.27 points on Friday, while shares priced at $23.34 at the close of the session, down -1.14%. The company report on June 6, 2022 that Affirm to Webcast CFO Fireside Chat on June 14, 2022.


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Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced that Michael Linford, CFO, will participate in a shareholder fireside chat on Tuesday, June 14, 2022. The discussion will be moderated by Robert Wildhack from Autonomous Research and will begin at 11:00 AM Pacific Time.

Affirm Holdings Inc. stock is now -76.79% down from its year-to-date (YTD) trading value. AFRM Stock saw the intraday high of $23.62 and lowest of $21.45 per share. The company’s 52-week high price is 176.65, which means current price is +71.11% above from all time high which was touched on 01/03/22.

Compared to the average trading volume of 16.28M shares, AFRM reached a trading volume of 19736704 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Affirm Holdings Inc. [AFRM]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AFRM shares is $38.12 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AFRM stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wedbush have made an estimate for Affirm Holdings Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on June 08, 2022. While these analysts kept the previous recommendation, JP Morgan raised their target price to Neutral. The new note on the price target was released on May 11, 2022, representing the official price target for Affirm Holdings Inc. stock. Previously, the target price had yet another drop from $51 to $17, while Stephens kept a Underweight rating on AFRM stock.

The Average True Range (ATR) for Affirm Holdings Inc. is set at 2.45, with the Price to Sales ratio for AFRM stock in the period of the last 12 months amounting to 6.36. The Price to Book ratio for the last quarter was 2.59, with the Price to Cash per share for the same quarter was set at 7.81.

How has AFRM stock performed recently?

Affirm Holdings Inc. [AFRM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 29.24. With this latest performance, AFRM shares dropped by -4.15% in over the last four-week period, additionally sinking by -70.65% over the last 6 months – not to mention a drop of -63.53% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AFRM stock in for the last two-week period is set at 54.18, with the RSI for the last a single of trading hit 60.19, and the three-weeks RSI is set at 50.40 for Affirm Holdings Inc. [AFRM]. The present Moving Average for the last 50 days of trading for this stock 23.06, while it was recorded at 20.83 for the last single week of trading, and 71.65 for the last 200 days.

Insider trade positions for Affirm Holdings Inc. [AFRM]

There are presently around $3,586 million, or 80.60% of AFRM stock, in the hands of institutional investors. The top three institutional holders of AFRM stocks are: CAPITAL RESEARCH GLOBAL INVESTORS with ownership of 30,867,478, which is approximately 59.398% of the company’s market cap and around 2.10% of the total institutional ownership; BAILLIE GIFFORD & CO, holding 20,482,855 shares of the stock with an approximate value of $478.07 million in AFRM stocks shares; and VANGUARD GROUP INC, currently with $385.07 million in AFRM stock with ownership of nearly 12.884% of the company’s market capitalization.

Positions in Affirm Holdings Inc. stocks held by institutional investors increased at the end of September and at the time of the September reporting period, where 247 institutional holders increased their position in Affirm Holdings Inc. [NASDAQ:AFRM] by around 38,819,919 shares. Additionally, 197 investors decreased positions by around 23,065,432 shares, while 71 investors held positions by with 91,770,751 shares. The mentioned changes placed institutional holdings at 153,656,102 shares, according to the latest SEC report filing. AFRM stock had 90 new institutional investments in for a total of 4,914,510 shares, while 132 institutional investors sold positions of 10,020,318 shares during the same period.

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