AFRM Stock Summary and Trading Ideas (Affirm Holdings - Class A | NASDAQ:AFRM)

Affirm Holdings Inc offers a platform for digital and mobile-first commerce. It comprises a point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. The firm generates its revenue from merchant networks, and through virtual card networks among others. Geographically, it generates a majority share of its revenue from the United States.

Affirm Holdings - Class A trades on the NASDAQ stock market under the symbol AFRM.

As of April 17, 2024, AFRM stock price declined to $30.87 with 3,392,788 million shares trading.

AFRM has a beta of 3.73, meaning it tends to be more sensitive to market movements. AFRM has a correlation of 0.29 to the broad based SPY ETF.

AFRM has a market cap of $9.47 billion. This is considered a Mid Cap stock.

Last quarter Affirm Holdings - Class A reported $591 million in Revenue and -$.54 earnings per share. This beat revenue expectation by $70 million and exceeded earnings estimates by $.18.

In the last 3 years, AFRM stock traded as high as $176.65 and as low as $8.62.

The top ETF exchange traded funds that AFRM belongs to (by Net Assets): VTI, VB, VXF, VBK, SCHA.

AFRM has outperformed the market in the last year with a return of +179.6%, while the SPY ETF gained +23.0%. However, in the most recent history, AFRM shares have underperformed the stock market with its stock returning -24.7% in the last 3 month period and -9.4% for the last 2 week period, while SPY has returned +5.7% and -3.5%, respectively.

AFRM support price is $29.55 and resistance is $32.30 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AFRM stock will trade within this expected range on the day.