The recent surge in options activity surrounding Affirm Holdings (NASDAQ: AFRM) has piqued the interest of seasoned traders, hinting at a potential upcoming event on the horizon. Our extensive analysis using Benzinga’s options scanner has uncovered a remarkable 26 rare options trades for AFRM. These trades have generated a mixed sentiment, with 46% of traders adopting a bullish stance and 53% leaning towards bearish sentiments.
Delving deeper into these trades, we discovered that 14 of them were puts, amounting to a substantial $570,122, while the remaining 12 trades were calls, totaling an impressive $646,666. These figures indicate a significant level of interest and activity surrounding AFRM’s options.
Based on the volume and open interest of these contracts, our projections for AFRM’s price target fall within the range of $12.5 to $30.0 over the past three months. This suggests that there may be substantial movement in the stock’s value in the near future.
To gain further insights into the options activity, we have examined the volume and open interest of calls and puts within a strike price range of $12.5 to $30.0 over the last 30 days. This analysis will provide us with a comprehensive understanding of the market sentiment and potential outcomes for AFRM.
Affirm Holdings, Inc.
Updated on: 18/09/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
8:00 PM (UTC)
Date:18 September, 2023
|Analyst / firm||Rating|
AFRM Stock Analysis: Mixed Performance and Future Projections in the Finance Industry
AFRM stock had a mixed performance on September 18, 2023. The stock opened at $24.30, slightly lower than the previous day’s close of $24.37. Throughout the day, it traded within a range of $23.92 to $25.63. The trading volume was 574,000 shares, significantly lower than the average volume of 16,072,536 shares over the past three months.
AFRM operates in the finance industry, specifically in finance, rental, and leasing. The company’s financials show a mixed picture. In the last year, AFRM experienced a decline in earnings growth of -32.86%. However, this year’s earnings growth has rebounded with a positive growth rate of +10.74%. Looking ahead, the company’s earnings growth for the next five years is projected to be +2.64%.
On the revenue front, AFRM saw a positive growth rate of +17.69% in the last year. However, the company reported an annual loss of -$985.3 million, resulting in a net profit margin of -62.05%.
In terms of valuation, AFRM’s price-to-sales ratio is 2.85, and the price-to-book ratio is 2.86.
Unfortunately, there is no available data on AFRM’s competitors. However, the company’s next reporting date is scheduled for November 8, 2023.
Affirm Holdings Inc Stock Performance Declines on September 18, 2023: Analysts Forecast Significant Decrease
On September 18, 2023, Affirm Holdings Inc (AFRM) experienced a decline in its stock performance. According to data sourced from CNN Money, the median target price forecasted by 19 analysts for the next 12 months was $16.00, with a high estimate of $25.00 and a low estimate of $6.00. This median estimate represents a -36.03% decrease from the last recorded price of $25.01.
The consensus among 20 polled investment analysts is to hold stock in Affirm Holdings Inc. This rating has remained unchanged since July, indicating a steady sentiment towards the company’s stock.
Affirm Holdings Inc reported earnings per share of -$0.78 for the current quarter, suggesting a loss during this period. However, it is important to note that this figure may be subject to change as the reporting date for these earnings is scheduled for November 8.
Additionally, Affirm Holdings Inc reported sales of $428.3 million for the current quarter, indicating the total revenue generated by the company during this period.
Overall, based on the information provided, Affirm Holdings Inc’s stock performance on September 18, 2023, was characterized by a decline. The median target price forecasted by analysts suggests a significant decrease from the last recorded price. However, it is important to consider other factors such as the company’s financial performance and market conditions when evaluating its stock performance.