After finishing at $32.87 in the prior trading day, Affirm Holdings Inc (NASDAQ: AFRM) closed at $34.11, up 3.77%. In other words, the price has increased by $+1.24 from its previous closing price. On the day, 5533608 shares were traded.
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 4.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 319.13. 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.
On January 10, 2024, BMO Capital Markets started tracking the stock assigning a Market Perform rating and target price of $44.
Morgan Stanley Downgraded its Equal-Weight to Underweight on December 18, 2023, whereas the target price for the stock was revised from $15 to $20.
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 Apr 01 ’24 when Rabois Keith sold 9,276 shares for $35.30 per share. The transaction valued at 327,412 led to the insider holds 69,276 shares of the business.
Rabois Keith sold 9,276 shares of AFRM for $318,970 on Mar 14 ’24. The Director now owns 78,552 shares after completing the transaction at $34.39 per share. On Dec 27 ’23, another insider, Linford Michael, who serves as the Chief Financial Officer of the company, sold 65,000 shares for $52.00 each. As a result, the insider received 3,380,000 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 10.47B and an Enterprise Value of 14.76B. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.47 while its Price-to-Book (P/B) ratio in mrq is 3.96. Its current Enterprise Value per Revenue stands at 7.71 whereas that against EBITDA is -45.84.
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 38.23, while the 200-Day Moving Average is calculated to be 28.57.
Shares Statistics:
The stock has traded on average 10.03M shares per day over the past 3-months and 5.2M 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 244.04M. Insiders hold about 20.47% of the company’s shares, while institutions hold 70.24% stake in the company. Shares short for AFRM as of Mar 15, 2024 were 30.33M with a Short Ratio of 3.02, compared to 29.89M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.88% and a Short% of Float of 14.84%.
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 $2.67B 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 20.90% from the average revenue estimate for this year.
