Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Affirm Holdings Inc (NASDAQ: AFRM) closed the day trading at $32.08 down -2.08% from the previous closing price of $32.76. In other words, the price has decreased by -$2.08 from its previous closing price. On the day, 3.87 million shares were traded. AFRM stock price reached its highest trading level at $33.27 during the session, while it also had its lowest trading level at $31.77.
Ratios:
For a better understanding of AFRM, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.69 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 300.13. 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 10053198848 and an Enterprise Value of 14365764608. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.14 while its Price-to-Book (P/B) ratio in mrq is 3.72. Its current Enterprise Value per Revenue stands at 7.504 whereas that against EBITDA is -22.097.
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 -10.63%, while the 200-Day Moving Average is calculated to be 8.65%.
Shares Statistics:
Over the past 3-months, AFRM traded about 8.61M shares per day on average, while over the past 10 days, AFRM traded about 5113010 shares per day. 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 69.83% stake in the company. Shares short for AFRM as of 1711584000 were 29939375 with a Short Ratio of 3.48, compared to 1709164800 on 29493399. Therefore, it implies a Short% of Shares Outstanding of 29939375 and a Short% of Float of 14.649999.
