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 November 4, 2024, AFRM stock price climbed to $43.50 with 4,755,654 million shares trading.

AFRM has a beta of 2.83, meaning it tends to be more sensitive to market movements. AFRM has a correlation of 0.18 to the broad based SPY ETF.

AFRM has a market cap of $13.66 billion. This is considered a Large Cap stock.

Last quarter Affirm Holdings - Class A reported $659 million in Revenue and -$.14 earnings per share. This beat revenue expectation by $56 million and exceeded earnings estimates by $.37.

In the last 3 years, AFRM 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 price return of +147.0% while the SPY ETF gained +36.4%. AFRM has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +64.6% and -2.3%, respectively, while the SPY returned +5.2% and -2.6%, respectively.

AFRM support price is $41.43 and resistance is $45.01 (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 shares will trade within this expected range on the day.