In yesterday’s Wall Street session, Affirm Holdings Inc (NASDAQ:AFRM) shares traded at $26.58, up 1.26% from the previous session.
AFRM stock price is now -9.19% away from the 50-day moving average and -21.92% away from the 200-day moving average. The market capitalization of the company currently stands at $8.22B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $36, BofA Securities recently Upgraded its rating from Neutral to Buy for Affirm Holdings Inc (NASDAQ: AFRM). , while ‘Goldman’ rates the stock as ‘Buy’
In other news, Rabois Keith, Director sold 9,275 shares of the company’s stock on Aug 01 ’24. The stock was sold for $249,514 at an average price of $26.90. Upon completion of the transaction, the Director now directly owns 64,348 shares in the company, valued at $1.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 01 ’24, Director Rabois Keith sold 9,276 shares of the business’s stock. A total of $277,260 was realized by selling the stock at an average price of $29.89. This leaves the insider owning 73,623 shares of the company worth $1.96 million. A total of 19.48% of the company’s stock is owned by insiders.
During the past 12 months, Affirm Holdings Inc has had a low of $13.67 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 $29.2257 and a two-hundred day moving average price translates $34.087326 for the stock.
The latest earnings results from Affirm Holdings Inc (NASDAQ: AFRM) was released for 2024-03-31. 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 $603.66M in revenue.
