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Tuesday, March 21, 2023

Are Things Looking Up For Affirm Holdings Inc. (NASDAQ: AFRM)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Affirm Holdings Inc. (AFRM) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 0.40%, to $10.05. The Affirm Holdings Inc. has recorded 577,608 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Affirm to Webcast CFO Fireside Chat on March, 9 2023.

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Stocks Info

The company is listed on the NASDAQ and operates within the Software – Infrastructure industry segment. At the end of the last regular session, the stock closed at $10.01 and fluctuated between $10.92 as its day high and $9.84 as its day low. The current market capitalization of Affirm Holdings Inc. is $3.21B. A total of 20.7 million shares were traded on the day, compared to an average of 18.74M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, AFRM has seen 8 BUY and 8 SELL insider trades, representing the acquisition of 52,452 and the disposition of 18,029 shares. Over the last 12 months, there were 72 BUYs and 44 SELLs from insiders. Insiders purchased 4,182,419 shares during that period but sold 93,603.

In the most recent transaction, Rabois Keith sold 17,287 shares of AFRM for 12.77 per share on Mar 01. After the transaction, the Director now owns 17,286 company shares. In a previous transaction on Feb 01, Rabois Keith sold 17,287 shares at 16.71 per share. AFRM shares that Director owns now total 34,573.

Among the insiders who sold shares, Rabois Keith disposed of 17,287 shares on Jan 03 at a per-share price of $9.18. This resulted in the Director holding 51,860 shares of AFRM after the transaction. In another insider transaction, Rabois Keith sold 17,287 shares at $14.27 per share on Dec 01. Company shares held by the Director now total 69,147.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for AFRM in the last 3 months, the mean price target is $14.48 with high estimates of $20.00 and low estimates of $6.00. In terms of 52-week highs and lows, AFRM has a high of $51.49 and a low of $8.62.

As of this writing, AFRM has an earnings estimate of -$0.86 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of -$0.44 per share and a lower estimate of -$1.11. The company reported an EPS of -$0.86 in the last quarter, which was -3.60% lower than expectations of -$0.83.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 3.29. 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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