While Affirm Holdings Inc has overperformed by 3.12%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AFRM rose by 294.52%, with highs and lows ranging from $52.48 to $8.80, whereas the simple moving average jumped by 19.35% in the last 200 days.
On April 03, 2024, Needham started tracking Affirm Holdings Inc (NASDAQ: AFRM) recommending Hold. A report published by BMO Capital Markets on January 10, 2024, Initiated its previous ‘Market Perform’ rating for AFRM. Morgan Stanley also Downgraded AFRM shares as ‘Underweight’, setting a target price of $20 on the company’s shares in a report dated December 18, 2023. Jefferies November 28, 2023d the rating to Hold on November 28, 2023, and set its price target from $9.50 to $30. Wells Fargo initiated its ‘Equal Weight’ rating for AFRM, as published in its report on October 31, 2023. Compass Point’s report from October 25, 2023 suggests a price prediction of $13 for AFRM shares, giving the stock a ‘Sell’ rating. UBS also rated the stock as ‘Neutral’.
Analysis of Affirm Holdings Inc (AFRM)
Further, the quarter-over-quarter increase in sales is 47.94%, showing a positive trend in the upcoming months.
Affirm Holdings Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -29.17% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 12.22, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and AFRM is registering an average volume of 7.73M. On a monthly basis, the volatility of the stock is set at 5.47%, whereas on a weekly basis, it is put at 5.75%, with a gain of 7.78% over the past seven days. Furthermore, long-term investors anticipate a median target price of $37.48, showing growth from the present price of $36.02, which can serve as yet another indication of whether AFRM is worth investing in or should be passed over.
How Do You Analyze Affirm Holdings Inc Shares?
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 20.47%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 70.08% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AFRM shares are owned by institutional investors to the tune of 70.08% at present.
