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 September 25, 2023, AFRM stock price climbed to $20.22 with 17,133,094 million shares trading.

AFRM has a beta of 3.78, meaning it tends to be more sensitive to market movements. AFRM has a correlation of 0.41 to the broad based SPY ETF.

AFRM has a market cap of $6.05 billion. This is considered a Mid Cap stock.

Last quarter Affirm Holdings - Class A reported $446 million in Revenue and -$.69 earnings per share. This beat revenue expectation by $40 million and exceeded earnings estimates by $.16.

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

AFRM has underperformed the market in the last year with a price return of +1.1% while the SPY ETF gained +17.2%. However, in the short term, AFRM had mixed performance relative to the market. It has outperformed in the last 3 months, returning +35.8% vs -0.6% return in SPY. But in the last 2 weeks, AFRM shares have been beat by the market, returning -10.0% compared to an SPY return of -2.6%.

AFRM support price is $19.32 and resistance is $21.04 (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.