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Wednesday, February 1, 2023

Is Affirm Holdings Inc. (NASDAQ: AFRM) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Affirm Holdings Inc. (AFRM) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.06, or -0.46%, to $12.92. The Affirm Holdings Inc. has recorded 101,637 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Affirm to Announce Second Quarter Fiscal Year 2023 Results on February 8, 2023.

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Stocks Info

AFRM belongs to the Technology sector of the NASDAQ while operating in the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $12.98 and fluctuated between $14.57 as its day high and $12.90 as its day low. The current market capitalization of Affirm Holdings Inc. is $3.57B. A total of 21.96 million shares were traded on the day, compared to an average of 15.26M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, AFRM has seen 14 BUY and 8 SELL insider trades, representing the acquisition of 136,888 and the disposition of 16,324 shares. Over the last 12 months, there were 74 BUYs and 49 SELLs from insiders. Insiders purchased 4,254,761 shares during that period but sold 133,488.

In the most recent transaction, Rabois Keith sold 17,287 shares of AFRM for 9.18 per share on Jan 03. After the transaction, the Director now owns 51,860 company shares. In a previous transaction on Dec 01, Rabois Keith sold 17,287 shares at 14.27 per share. AFRM shares that Director owns now total 69,147.

Among the insiders who sold shares, Rabois Keith disposed of 17,287 shares on Nov 01 at a per-share price of $20.04. This resulted in the Director holding 86,434 shares of AFRM after the transaction. In another insider transaction, GIC Private Ltd bought 3,898 shares at $30.00 per share on Apr 29. Company shares held by the 10% Owner now total 4,499,514.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for AFRM in the last 3 months, the mean price target is $17.99 with high estimates of $46.00 and low estimates of $6.00. In terms of 52-week highs and lows, AFRM has a high of $83.57 and a low of $8.62.

As of this writing, AFRM has an earnings estimate of -$0.81 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of -$0.27 per share and a lower estimate of -$1.02. The company reported an EPS of -$0.19 in the last quarter, which was 62.70% higher than expectations of -$0.51.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 21 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AFRM is Sell with a score of 3.35. A total of 6 analysts rated the stock as Buy while 1 rated it as Overweight while 11 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 3 thought it should be Sold.

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