Affirm Holdings Inc (NASDAQ:AFRM) shares traded 23.89% higher at $57.58 on Wall Street last session.
AFRM stock price is now 33.15% away from the 50-day moving average and 61.41% away from the 200-day moving average. The market capitalization of the company currently stands at $17.31B.
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 $5.27 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 $7.03 million. A total of 18.64% of the company’s stock is owned by insiders.
During the past 12 months, Affirm Holdings Inc has had a low of $21.87 and a high of $52.48. 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 $42.9764 and a two-hundred day moving average price translates $35.5948 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.
