The price of Affirm Holdings Inc (NASDAQ: AFRM) closed at $36.02 in the last session, down -4.38% from day before closing price of $37.67. In other words, the price has decreased by -$1.65 from its previous closing price. On the day, 6915699 shares were traded.
Ratios:
We take a closer look at AFRM’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 337.20. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 27 when Linford Michael sold 65,000 shares for $52.00 per share. The transaction valued at 3,380,000 led to the insider holds 99,063 shares of the business.
Linford Michael sold 65,000 shares of AFRM for $3,250,000 on Dec 19. The Chief Financial Officer now owns 99,063 shares after completing the transaction at $50.00 per share. On Dec 11, another insider, GIC Private Ltd, who serves as the 10% Owner of the company, sold 2,906,591 shares for $40.02 each. As a result, the insider received 116,310,565 and left with 1,592,923 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 11.05B and an Enterprise Value of 15.35B. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.78 while its Price-to-Book (P/B) ratio in mrq is 4.18. Its current Enterprise Value per Revenue stands at 8.02 whereas that against EBITDA is -47.66.
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 42.45, while the 200-Day Moving Average is calculated to be 26.16.
Shares Statistics:
According to the various share statistics, AFRM traded on average about 16.69M shares per day over the past 3-months and 7.19M shares per day over the past 10 days. A total of 307.06M shares are outstanding, with a floating share count of 243.05M. Insiders hold about 20.85% of the company’s shares, while institutions hold 69.84% stake in the company. Shares short for AFRM as of Feb 15, 2024 were 29.89M with a Short Ratio of 1.79, compared to 38.6M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.74% and a Short% of Float of 14.63%.
Earnings Estimates
The company has 11 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.69 for the current quarter, with a high estimate of -$0.52 and a low estimate of -$0.89, while EPS last year was -$0.69. The consensus estimate for the next quarter is -$0.61, with high estimates of -$0.47 and low estimates of -$0.77.
Analysts are recommending an EPS of between -$2.22 and -$2.71 for the fiscal current year, implying an average EPS of -$2.44. EPS for the following year is -$1.73, with 12 analysts recommending between -$0.91 and -$2.36.
Revenue Estimates
A total of 14 analysts have provided revenue estimates for AFRM’s current fiscal year. The highest revenue estimate was $2.25B, while the lowest revenue estimate was $2.15B, resulting in an average revenue estimate of $2.21B. In the same quarter a year ago, actual revenue was $1.59B, up 38.90% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $2.65B in the next fiscal year. The high estimate is $2.89B and the low estimate is $2.31B. The average revenue growth estimate for next year is up 20.30% from the average revenue estimate for this year.
