In yesterday’s Wall Street session, Affirm Holdings Inc (NASDAQ:AFRM) shares traded at $62.06, up 10.53% from the previous session.
AFRM stock price is now 38.02% away from the 50-day moving average and 72.12% away from the 200-day moving average. The market capitalization of the company currently stands at $20.57B.
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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, LIBOR MICHALEK, Director bought 100,000 shares of the company’s stock on Nov 18 ’24. The stock was bought for $5,615,000 at an average price of $56.15. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 11 ’24, Chief Legal Officer Adkins Katherine sold 200,000 shares of the business’s stock. A total of $11,010,600 was realized by selling the stock at an average price of $55.05. This leaves the insider owning 93,545 shares of the company worth $5.81 million. A total of 17.75% of the company’s stock is owned by insiders.
During the past 12 months, Affirm Holdings Inc has had a low of $22.25 and a high of $59.27. As of last week, the company has a debt-to-equity ratio of 2.46, a current ratio of 6.02, and a quick ratio of 6.02. The fifty day moving average price for AFRM is $44.4853 and a two-hundred day moving average price translates $35.951473 for the stock.
The latest earnings results from Affirm Holdings Inc (NASDAQ: AFRM) was released for 2024-09-30. The net profit margin was -17.67% and return on equity was -16.52% for AFRM. The company reported revenue of $698.48 million for the quarter, compared to $496.55 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 40.67 percent.
