Affirm Holdings Inc (NASDAQ: AFRM) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted Affirm Reports Second Fiscal Quarter 2024 Results.

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Stocks Info

Affirm Holdings Inc is listed on the NASDAQ in the Technology sector while operating in the Software – Infrastructure industry. The current market capitalization of Affirm Holdings Inc is $12.07B. A total of 7.84 million shares were traded on the day, compared to an average of 19.19M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, AFRM has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 39 BUYs and 39 SELLs from insiders. Insiders purchased 257,011 shares during that period but sold 295,448.

In the most recent transaction, Linford Michael sold 65,000 shares of AFRM for 52.00 per share on Dec 27. After the transaction, the Chief Financial Officer now owns 99,063 company shares. In a previous transaction on Dec 19, Linford Michael sold 65,000 shares at 50.00 per share. AFRM shares that Chief Financial Officer owns now total 99,063.

Among the insiders who sold shares, GIC Private Ltd disposed of 2,906,591 shares on Dec 11 at a per-share price of $40.02. This resulted in the 10% Owner holding 1,592,923 shares of AFRM after the transaction. In another insider transaction, GIC Private Ltd sold 203,905 shares at $15.42 per share on Jul 05. Company shares held by the 10% Owner now total 11,887,747.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for AFRM in the last 3 months, the mean price target is $37.04 with high estimates of $65.00 and low estimates of $13.00. In terms of 52-week highs and lows, AFRM has a high of $52.48 and a low of $8.80.

As of this writing, AFRM has an earnings estimate of -$0.69 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of -$0.52 per share and a lower estimate of -$0.89. The company reported an EPS of -$0.57 in the last quarter, which was 18.60% higher than expectations of -$0.7.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. AFRM’s latest balance sheet shows that the firm has $2.85B in Cash & Short Term Investments as of fiscal 2022. There were $4.14B in debt and $162.85M in liabilities at the time. Its Book Value Per Share was $8.62, while its Total Shareholder’s Equity was $2.62B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 2.84.

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