Affirm Holdings Inc [NASDAQ: AFRM] surged by $1.08 during the normal trading session on while it closed the day at $26.25.
Affirm Holdings Inc stock has also gained 8.65% of its value over the past 7 days. However, AFRM stock has declined by -17.99% in the 3 months of the year. Over the past six months meanwhile, it has lost -41.67% and lost -46.58% year-on date.
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The market cap for AFRM stock reached $8.11 billion, with 309.12 million shares outstanding and 248.90 million shares in the current float. Compared to the average trading volume of 6.61M shares, AFRM reached a trading volume of 5550391 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $38.29 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 2.55. 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.
BofA Securities have made an estimate for Affirm Holdings Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 30, 2024. While these analysts kept the previous recommendation, JMP Securities raised their target price to Mkt Perform. The new note on the price target was released on June 28, 2024, representing the official price target for Affirm Holdings Inc stock. Previously, the target price had yet another raise to $42, while Goldman analysts kept a Buy rating on AFRM stock.
The Average True Range (ATR) for Affirm Holdings Inc is set at 1.71, with the Price to Sales ratio for AFRM stock in the period of the last 12 months amounting to 3.85. The Price to Book ratio for the last quarter was 3.09, with the Price to Cash per share for the same quarter was set at 7.01. Price to Free Cash Flow for AFRM in the course of the last twelve months was 29.06 with Quick ratio for the last quarter at 14.54.
AFRM stock trade performance evaluation
Affirm Holdings Inc [AFRM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.65. With this latest performance, AFRM shares dropped by -18.22% in over the last four-week period, additionally sinking by -41.67% over the last 6 months – not to mention a rise of 73.15% 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 44.81, with the RSI for the last a single of trading hit 48.11, and the three-weeks RSI is set at 44.18 for Affirm Holdings Inc [AFRM]. The present Moving Average for the last 50 days of trading for this stock 29.27, while it was recorded at 25.24 for the last single week of trading, and 34.04 for the last 200 days.
Affirm Holdings Inc [AFRM]: An insightful look at the core fundamentals
Affirm Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 14.54 and a Current Ratio set at 14.54.
Affirm Holdings Inc [AFRM]: Institutional Ownership
The top three institutional holders of AFRM stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in AFRM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in AFRM stock with ownership which is approximately 5.1238%.
