In yesterday’s Wall Street session, Affirm Holdings Inc (NASDAQ:AFRM) shares traded at $44.54, up 1.39% from the previous session.
AFRM stock price is now 15.18% away from the 50-day moving average and 25.65% away from the 200-day moving average. The market capitalization of the company currently stands at $13.86B.
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With the price target maintained at $45, Wedbush recently Upgraded its rating from Underperform to Neutral for Affirm Holdings Inc (NASDAQ: AFRM). On October 11, 2024, Wells Fargo Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $40 to quote $52, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Adkins Katherine, Chief Legal Officer sold 82,316 shares of the company’s stock on Sep 18 ’24. The stock was sold for $3,704,228 at an average price of $45.00. Upon completion of the transaction, the Chief Legal Officer now directly owns 91,499 shares in the company, valued at $4.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 17 ’24, Chief Legal Officer Adkins Katherine sold 46,600 shares of the business’s stock. A total of $2,097,061 was realized by selling the stock at an average price of $45.00. This leaves the insider owning 122,069 shares of the company worth $5.44 million. A total of 19.12% of the company’s stock is owned by insiders.
During the past 12 months, Affirm Holdings Inc has had a low of $15.97 and a high of $52.48. As of last week, the company has a debt-to-equity ratio of 2.36, a current ratio of 4.84, and a quick ratio of 4.84. The fifty day moving average price for AFRM is $38.6694 and a two-hundred day moving average price translates $35.448673 for the stock.
The latest earnings results from Affirm Holdings Inc (NASDAQ: AFRM) was released for 2024-06-30. The net profit margin was -22.29% and return on equity was -19.66% for AFRM. The company reported revenue of $659.18 million for the quarter, compared to $445.82 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 47.86 percent.
