Affirm Holdings Inc (NASDAQ:AFRM) shares traded -4.44% lower at $66.27 on Wall Street last session.
AFRM stock price is now 38.53% away from the 50-day moving average and 80.60% away from the 200-day moving average. The market capitalization of the company currently stands at $20.81B.
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, Michalek Libor, President sold 100,821 shares of the company’s stock on Nov 22 ’24. The stock was sold for $6,866,470 at an average price of $68.11. Upon completion of the transaction, the President now directly owns 159,449 shares in the company, valued at $10.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 25 ’24, President Michalek Libor sold 96,332 shares of the business’s stock. A total of $6,744,203 was realized by selling the stock at an average price of $70.01. This leaves the insider owning 159,449 shares of the company worth $10.57 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 $70.20. 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 $47.3925 and a two-hundred day moving average price translates $36.587326 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.
