While Affirm Holdings Inc has overperformed by 3.47%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AFRM rose by 87.84%, with highs and lows ranging from $72.10 to $22.25, whereas the simple moving average jumped by 89.81% in the last 200 days.
On October 14, 2024, Wedbush Upgraded Affirm Holdings Inc (NASDAQ: AFRM) to Neutral. A report published by Wells Fargo on October 11, 2024, Upgraded its rating to ‘Overweight’ for AFRM. Morgan Stanley also Upgraded AFRM shares as ‘Equal-Weight’, setting a target price of $37 on the company’s shares in a report dated October 09, 2024. Susquehanna initiated its ‘Positive’ rating for AFRM, as published in its report on September 20, 2024. BofA Securities’s report from July 30, 2024 suggests a price prediction of $36 for AFRM shares, giving the stock a ‘Buy’ rating. JMP Securities also rated the stock as ‘Mkt Perform’.
Analysis of Affirm Holdings Inc (AFRM)
Further, the quarter-over-quarter increase in sales is 40.67%, showing a positive trend in the upcoming months.
One of the most important indicators of Affirm Holdings Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -16.52% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 6.02, 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 also provide valuable insight into volatility, and AFRM is recording 10.57M average volume. On a monthly basis, the volatility of the stock is set at 7.23%, whereas on a weekly basis, it is put at 5.43%, with a gain of 2.03% over the past seven days. Furthermore, long-term investors anticipate a median target price of $57.38, showing decline from the present price of $70.76, 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?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As opposed to executive stock, institutional ownership accounts for 67.16% 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 67.16% at present.
