The stock of Affirm Holdings Inc (NASDAQ:AFRM) last traded at $70.70, up 2.81% from the previous session.
AFRM stock price is now 29.97% away from the 50-day moving average and 83.35% away from the 200-day moving average. The market capitalization of the company currently stands at $22.83B.
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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, Rabois Keith, Director sold 16,086 shares of the company’s stock on Dec 12 ’24. The stock was sold for $1,109,657 at an average price of $68.98. Upon completion of the transaction, the Director now directly owns 109,780 shares in the company, valued at $7.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 13 ’24, Director Quarles Christa S sold 2,593 shares of the business’s stock. A total of $180,756 was realized by selling the stock at an average price of $69.71. This leaves the insider owning 142,325 shares of the company worth $10.06 million. A total of 17.73% 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 $72.82. 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 $54.3965 and a two-hundred day moving average price translates $38.559776 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.
