How to buy shares in Affirm.
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – AFRM – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a ...
Full Answer
Is now the time to buy affirm?
Oct 09, 2020 · How to buy shares in Affirm Compare share trading platforms. Use our comparison table to help you find a platform that fits you. Open your brokerage account. Complete an application with your details. Confirm your payment details. Fund your account. Research the stock. Find the stock by name or ...
Why is everyone talking about affirm stock?
Dec 31, 2021 · Affirm Holdings ( AFRM -4.59%) burst on the scene when it went public in January 2021 at about $90 per share. Since then, the stock of …
Why is everyone talking about affirm Holdings stock?
Oct 14, 2020 · Investors looking for how to buy Affirm stock have many options. You can open a stock trading account with brokers such as Tastyworks, Robinhood, Fidelity, Charles Schwab, Webull, SoFi Invest, and...
Why is affirm plunging on Monday?
Apr 17, 2022 · How do I buy shares of Affirm? Shares of AFRM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, …
Can I buy stock in Affirm?
Trade stocks in the app or online with $0 commissions. Not available in NY, NV, MN, or TN.
Is Affirm a buy right now?
What is Affirm stock price?
| Close | Chg | Chg % |
|---|---|---|
| $30.36 | 1.66 | 5.78% |
Is AFRM a good stock to buy?
What is the future for Affirm stock?
The 15 analysts offering 12-month price forecasts for Affirm Holdings Inc have a median target of 58.00, with a high estimate of 85.00 and a low estimate of 28.00. The median estimate represents a +114.74% increase from the last price of 27.01.
Is Affirm a good long term stock?
How many shares of Affirm are there?
| Avg Vol (3 month) 3 | 14.33M |
|---|---|
| Shares Outstanding 5 | 208.2M |
| Implied Shares Outstanding 6 | N/A |
| Float 8 | 198.56M |
| % Held by Insiders 1 | 5.83% |
Who owns Affirm credit?
What does the company Affirm do?
Why is Affirm dropping?
Why Affirm stock is down?
Why did Affirm stock go up?
Is Affirm a buy right now?
14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Affirm in the last twelve months. There are currently 1 sell rat...
Are investors shorting Affirm?
Affirm saw a decrease in short interest during the month of February. As of February 28th, there was short interest totaling 13,800,000 shares, a d...
When is Affirm's next earnings date?
Affirm is scheduled to release its next quarterly earnings announcement on Monday, May 9th 2022. View our earnings forecast for Affirm .
How were Affirm's earnings last quarter?
Affirm Holdings, Inc. (NASDAQ:AFRM) posted its quarterly earnings data on Thursday, February, 10th. The company reported ($0.57) EPS for the quarte...
What guidance has Affirm issued on next quarter's earnings?
Affirm issued an update on its FY 2022 earnings guidance on Monday, March, 14th. The company provided earnings per share (EPS) guidance of for the...
What price target have analysts set for AFRM?
14 analysts have issued twelve-month target prices for Affirm's stock. Their forecasts range from $45.00 to $220.00. On average, they expect Affirm...
Who are Affirm's key executives?
Affirm's management team includes the following people: Mr. Max Roth Levchin , Founder, CEO & Chairman (Age 45, Pay $10k) Mr. Michael A. Linford...
Who are some of Affirm's key competitors?
Some companies that are related to Affirm include Discover Financial Services (DFS) , Credit Acceptance (CACC) , OneMain (OMF) , SLM (SLM) , N...
When did Affirm IPO?
(AFRM) raised $873 million in an initial public offering on Wednesday, January 13th 2021. The company issued 24,600,000 shares at a price of $33.00...
What is affirm's fresh approach to lending services?
Affirm’s fresh approach to lending services means the company might disrupt the traditional credit industry.
How do investors profit from stock?
Investors profit through speculation that the shares they buy rise in value. On the opposite end, market makers profit from a stock’s sale price (to the investor) and their acquisition price, or the spread. Limit order: Limit orders involve buy or sell transactions that execute only at a specific price.
How to convert dollars to shares?
To make the conversion from dollars to shares, simply take the dollar amount you wish to invest and divide that by the market price of the target stock. For instance, if you wish to purchase $1,000 worth of AFRM stock, you are able to buy 7 whole shares ($1,000 / $125.89 = 7.94).
Does Benzinga recommend trading?
Benzinga does not recommend trading or investing in low-priced stocks if you haven’t had at least a couple of years of experience in the stock market. For a full statement of our disclaimers, please click here. Get 4 FREE stocks valued up to $3700! claim now. Get 4 FREE stocks valued up to $3700!
What is the difference between bid and ask?
Instead, you must choose which order type you desire. Bid: A bid is the maximum price a buyer is willing to pay for a stock. The bid is always lower than the ask. Ask: In contrast, the minimum price a seller will accept is known as the ask.
NASDAQ: AFRM
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This buy now, pay later leader has seen its revenue surge since it went public earlier in 2021
Affirm Holdings ( AFRM 10.60% ) burst on the scene when it went public in January 2021 at about $90 per share. Since then, the stock of this buy now, pay later company has seen quite a bit of volatility, jumping up to $168 per share in November before dropping back to its current price of about $106 as of Dec. 30 -- up about 17% year to date (YTD).
Invest by dollar amount, not by the share
If you are unfamiliar with fractional share investing, perhaps make it a New Year's resolution to learn about. It's a fairly new concept that's only been around a few years -- and has been made more popular in recent years by online brokerage like Robinhood.
NASDAQ: AFRM
So, if a stock like Affirm is on your radar, but is a little too high-priced at over $100 per share to buy multiple shares, you could simply invest whatever amount is comfortable, whether that's $10 or $50. Whatever dollar amount you choose to invest, you buy that percentage of the stock. So, a $50 investment in Affirm would buy you half a share.
Why Affirm is a good buy
As mentioned, Affirm is a buy now, pay later (BNPL) company, which means that it allows customers to buy items in installments, often without interest. But even in cases where interest is charged, it is included upfront in the installment payments so that users know exactly what they are paying.
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When is the Affirm IPO date?
Affirm submitted its draft IPO documents to the SEC on Oct. 8 for regulatory review. The fintech startup expects its IPO to take place once the SEC completes its review. Therefore, the date of the initial public offering will depend on how fast the SEC works on the review.
Should I buy Affirm stock IPO?
Affirm targets a fast-growing segment of the fintech sector: consumer loans. For consumers, Affirm promises an easy path to buy now and pay later and the message is resonating with people. The company doubled its customers to 5.6 million between July 2020 and November 2019.
Who can access the Affirm stock IPO and where?
As Affirm is currently a private company, you may not be able to invest in it directly right now unless you meet the requirements of an accredited investor. However, all interested investors regardless of their net worth will be able to buy Affirm stock once it goes public.
How to buy Affirm stock IPO on Robinhood
Robinhood offers a pre-IPO stock purchase tool that may be ideal for investors looking to buy Affirm stock IPO. Further, Robinhood allows you to start investing with as little as $1 thanks to its fractional share purchase feature.
About Affirm
Affirm Holdings, Inc. operates a platform for digital and mobile-first commerce in the United States and Canada. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app.
Affirm (NASDAQ:AFRM) Frequently Asked Questions
14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Affirm in the last year. There are currently 1 sell rating, 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Affirm stock. View analyst ratings for Affirm or view top-rated stocks.
Is Affirm Stock A Buy Now?
At this point, should bullish investors in Affirm consider the current pullback a golden opportunity? Or is it time to sell?
Affirm Stock Today: The IBD Ratings Picture
IBD Stock Checkup shows Affirm's Composite Rating has nose-dived to a sickly 6 on a scale of 1 to 99.
Affirm Stock: Proper Buy Points
Soon after going public on the Nasdaq, Affirm's stock price corrected in a huge way after its breakout attempt past a 138.08 correct buy point in a narrow IPO base imploded. During the week ended Feb. 12, 2021, the large cap failed to get much traction after clearing the base's left-side high of 137.98.
AFRM Stock: Round-Trip Sell Rule
On Sept. 10, Affirm stock broke out past the handle buy point of 101.10 on second-quarter results. Volume surged again. This move stoked AFRM's first breakout and legitimate buy opportunity.
A Future Follow-On Entry?
A fresh pullback to the 50-day moving average, or to the 10-week line on a weekly chart, normally offers a follow-on buy point after a successful breakout. In such a situation, you want to buy as close as possible to the actual 50-day or 10-week itself.
This "buy now, pay later" company remains a polarizing investment
Leo is a tech and consumer goods specialist who has covered the crossroads of Wall Street and Silicon Valley since 2012. His wheelhouse includes cloud, IoT, analytics, telecom, and gaming related businesses. Follow him on Twitter for more updates!
1. Affirm is a disruptive company
Affirm is trying to disrupt credit card companies, which charge retailers "swipe fees" of about 1% to 3% per purchase. Some retailers bypass those fees with their own private-label payment cards, which use automated clearinghouses to facilitate bank-to-bank debit and credit payments.
2. Its partnership with Amazon
In late August, Affirm announced that Amazon ( NASDAQ:AMZN) would integrate Affirm's BNPL services into its marketplace and enable its shoppers to split purchases of $50 or more into monthly payments.
3. Square and PayPal's latest moves
Square ( NYSE:SQ) and PayPal ( NASDAQ:PYPL) both recently made major moves into the BNPL space.
The one reason to sell Affirm: It's pinned to Peloton
Affirm's top customer is Peloton Interactive ( NASDAQ:PTON), a maker of high-end connected exercise bikes that benefited from gym closures during the pandemic. Peloton accounted for 29% of Affirm's revenue in fiscal 2020 and 31% of its revenue in the first nine months of fiscal 2021.
The bottom line
Affirm is an intriguing fintech play, but its customer concentration and widening losses prevent me from buying the stock. I'd personally prefer to buy Square or PayPal -- which are both better-diversified companies with some exposure to the BNPL market -- than Affirm.
Amazon is adopting the company's "buy now, pay later" services
Leo is a tech and consumer goods specialist who has covered the crossroads of Wall Street and Silicon Valley since 2012. His wheelhouse includes cloud, IoT, analytics, telecom, and gaming related businesses. Follow him on Twitter for more updates!
Cutting credit card companies out of the loop
Every time a shopper uses a credit card, the retailer pays a " swipe fee " of about 1% to 3%. The credit card company keeps most of the fee, while the issuing bank and payment processor split the rest.
Is this a win-win deal for Amazon and Affirm?
Bank of America expects the market for BNPL apps to expand 10-15 times by 2025, with more retailers using the services to avoid swipe fees and more shoppers using them to avoid high interest fees.
Is it the right time to buy Affirm?
Affirm isn't profitable yet, and its stock was already richly valued at over 20 times this year's sales prior to its deal with Amazon. As of this writing, the stock trades at nearly 30 times this year's sales.
What is affirm holdings?
Affirm Holdings ( NASDAQ:AFRM) is taking on credit card companies by making the payment process more transparent, flexible, and forgiving, and not charging its customers late fees. The fintech got off to a blistering start for its IPO investors, nearly doubling on its first day, although it's given back 18% since that first day.
Is affirm a fast growing company?
The company's expansion into cards could be another growth driver as it seeks to capture a share of offline shopping as well. Affirm is young and fast-growing, with a great leader in Max Levchin, who is more than familiar with what it takes to create a successful payments company.
Why did affirm start?
Affirm's founders believed the consumer should be put first, which is why they created payment options that allow consumers to pay for purchases in fixed amounts, without any deferred interest. The company has partnered with thousands of retailers to offer its payment plans at checkout for their customers.
Why do we use affirm?
Affirm's founders believed the consumer should be put first, which is why they created payment options that allow consumers to pay for purchases in fixed amounts, without any deferred interest. The company has partnered with thousands of retailers to offer its payment plans at checkout for their customers. So when you're buying something online from Walmart or Best Buy and you see an option to spread your payments over six months, Affirm is the company behind that service.
Is affirm a BNPL?
Affirm has made huge strides in capitalizing on the BNPL trend. Its aggressive strategy is playing out well, with strong revenue and GMV growth in the past few years. As consumer preferences continue to shift to online shopping, Affirm is looking to capture more of this market share. The company's expansion into cards could be another growth driver as it seeks to capture a share of offline shopping as well.
