Affirm Holdings Inc (NASDAQ:AFRM) shares traded 5.77% higher at $35.75 on Wall Street last session.
AFRM stock price is now 11.33% away from the 50-day moving average and 11.07% away from the 200-day moving average. The market capitalization of the company currently stands at $11.05B.
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On May 09, 2024, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $41 to quote $43, while ‘Needham’ rates the stock as ‘Hold’
In other news, Rabois Keith, Director sold 9,276 shares of the company’s stock on Jun 03 ’24. The stock was sold for $267,399 at an average price of $28.83. Upon completion of the transaction, the Director now directly owns 82,899 shares in the company, valued at $2.96 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 01 ’24, Director Rabois Keith sold 9,276 shares of the business’s stock. A total of $297,902 was realized by selling the stock at an average price of $32.12. This leaves the insider owning 60,000 shares of the company worth $2.15 million. A total of 19.77% of the company’s stock is owned by insiders.
During the past 12 months, Affirm Holdings Inc has had a low of $12.81 and a high of $52.48. As of last week, the company has a debt-to-equity ratio of 2.39, a current ratio of 14.54, and a quick ratio of 14.54. The fifty day moving average price for AFRM is $32.1127 and a two-hundred day moving average price translates $32.1878 for the stock.
The latest earnings results from Affirm Holdings Inc (NASDAQ: AFRM) was released for 2024-03-31. According to the Software – Infrastructure Company, earnings per share came in at -0.69, beating analysts’ expectations of -0.85 by 0.16. This compares to -$0.69 EPS in the same period last year. The net profit margin was -32.17% and return on equity was -26.43% for AFRM. The company reported revenue of $576.16 million for the quarter, compared to $380.98 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 51.23 percent. For the current quarter, analysts expect AFRM to generate $602.68M in revenue.
