After finishing at $36.63 in the prior trading day, Affirm Holdings Inc (NASDAQ: AFRM) closed at $37.33, up 1.91%. In other words, the price has increased by $+0.70 from its previous closing price. On the day, 5992956 shares were traded. AFRM stock price reached its highest trading level at $38.49 during the session, while it also had its lowest trading level at $36.42.
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Ratios:
Our goal is to gain a better understanding of AFRM by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.46 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 349.25. For the most recent quarter (mrq), Quick Ratio is recorded 12.22 and its Current Ratio is at 12.22. In the meantime, Its Debt-to-Equity ratio is 2.32 whereas as Long-Term Debt/Eq ratio is at 2.31.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BMO Capital Markets on January 10, 2024, initiated with a Market Perform rating and assigned the stock a target price of $44.
On December 18, 2023, Morgan Stanley Downgraded its rating to Underweight which previously was Equal-Weight and also upped its target price recommendation from $15 to $20.
Jefferies Upgraded its Underperform to Hold on November 28, 2023, whereas the target price for the stock was revised from $9.50 to $30.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 14 ’24 when Rabois Keith sold 9,276 shares for $34.39 per share. The transaction valued at 318,970 led to the insider holds 78,552 shares of the business.
Linford Michael sold 65,000 shares of AFRM for $3,380,000 on Dec 27 ’23. The Chief Financial Officer now owns 99,063 shares after completing the transaction at $52.00 per share. On Dec 19 ’23, another insider, Linford Michael, who serves as the Chief Financial Officer of the company, sold 65,000 shares for $50.00 each. As a result, the insider received 3,250,000 and left with 99,063 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AFRM now has a Market Capitalization of 11.46B and an Enterprise Value of 15.75B. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.98 while its Price-to-Book (P/B) ratio in mrq is 4.33. Its current Enterprise Value per Revenue stands at 8.23 whereas that against EBITDA is -48.91.
Stock Price History:
Over the past 52 weeks, AFRM has reached a high of $52.48, while it has fallen to a 52-week low of $8.80. The 50-Day Moving Average of the stock is 39.35, while the 200-Day Moving Average is calculated to be 27.88.
Shares Statistics:
The stock has traded on average 11.39M shares per day over the past 3-months and 7.08M shares per day over the last 10 days, according to various share statistics. A total of 306.87M shares are outstanding, with a floating share count of 244.14M. Insiders hold about 20.44% of the company’s shares, while institutions hold 70.27% stake in the company. Shares short for AFRM as of Feb 29, 2024 were 29.49M with a Short Ratio of 2.59, compared to 35.29M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.61% and a Short% of Float of 14.43%.
Earnings Estimates
Its stock is currently analyzed by 10 different market analysts. On average, analysts expect EPS of -$0.69 for the current quarter, with a high estimate of -$0.52 and a low estimate of -$0.91, while EPS last year was -$0.69. The consensus estimate for the next quarter is -$0.63, with high estimates of -$0.47 and low estimates of -$0.77.
Analysts are recommending an EPS of between -$2.22 and -$3.13 for the fiscal current year, implying an average EPS of -$2.54. EPS for the following year is -$1.86, with 12 analysts recommending between -$0.91 and -$2.94.
Revenue Estimates
A total of 13 analysts have provided revenue estimates for AFRM’s current fiscal year. The highest revenue estimate was $2.25B, while the lowest revenue estimate was $2.17B, resulting in an average revenue estimate of $2.21B. In the same quarter a year ago, actual revenue was $1.59B, up 39.20% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $2.68B in the next fiscal year. The high estimate is $2.89B and the low estimate is $2.55B. The average revenue growth estimate for next year is up 21.10% from the average revenue estimate for this year.
