Stock FAQs

why is afrm stock down today

by Candida Cormier IV Published 2 years ago Updated 2 years ago
image

How much is an afrm stock worth?

One share of AFRM stock can currently be purchased for approximately $78.79. How much money does Affirm make? Affirm has a market capitalization of $22.14 billion and generates $870.46 million in revenue each year.

How can I get the latest news about afrm?

Sign up to receive the latest news and ratings for AFRM and its competitors with MarketBeat's FREE daily newsletter. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Why is affirm stock down 11% today?

When seemingly anything worked last year, investors jumping into high-multiple names such as Affirm (NASDAQ: AFRM) couldn’t go wrong. However, the decline in AFRM stock has been violent, with this stock heading more than 11% lower today at the time of writing. There are many macro catalysts that are at least partially responsible for this move.

Why did affirm surge in post-market trading?

(Bloomberg) -- Affirm Holdings Inc. surged in post-market trading after entering a partnership with Amazon.com Inc. to help consumers finance large purchases made on the e-commerce giant’s website.The tie-up will let Amazon customers pay off splurges greater than $50 in monthly installments, Affirm said Friday in a statement.

image

Is AFRM a buy now?

Out of 15 analysts, 6 (40%) are recommending AFRM as a Strong Buy, 2 (13.33%) are recommending AFRM as a Buy, 5 (33.33%) are recommending AFRM as a Hold, 1 (6.67%) are recommending AFRM as a Sell, and 1 (6.67%) are recommending AFRM as a Strong Sell.

Is AFRM a buy or sell?

AFRM is not a Buy, as its share price could remain weak going forward considering rising rates and regulatory headwinds. But it is also not a Sell, as AFRM's current mid-single digit forward price-to-sales multiple is undemanding and the stock might become an acquisition target. This explains why I rate AFRM as a Hold.

What kind of stock is AFRM?

Class A Common StockClass A Common Stock (AFRM) Stock Price, Quote, News & History | Nasdaq....Key Data.LabelValueAverage Volume16,217,527Previous Close$16.7252 Week High/Low$176.65/$13.64Market Cap5,241,675,75313 more rows

Why is affirm tanking?

In order to achieve 77% revenue growth, Affirm grew its marketing expense 267% year over year to $143 million and provision for credit losses 320% to $52.6 million. Marketing expenses outpacing revenue indicates that Affirm is having a harder time finding new customers to grow its BNPL business.

Is AFRM stock overvalued?

AFRM: Down More Than 40% YTD, these 4 Software Stocks are Still Overvalued.

Is AFRM a buy Zacks?

How good is it? See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return2Buy18.56%3Hold10.15%4Sell5.79%5Strong Sell2.83%2 more rows

What is AFRM holding?

Affirm Holdings, Inc., provides platform for digital and mobile commerce. Through its technology-driven payments network and partnership with an originating bank, it enables consumers to pay for a purchase over time.

How does Affirm financing make money?

Affirm is a fintech startup that provides point-of-sale (POS) loans and buy now pay later financing for consumers via e-commerce retailers. It makes money in two main ways, through the interest it charges consumers and from merchant fees.

Who owns Affirm credit?

Max LevchinMax Levchin, Affirm's founder and CEO, owns 27.5 million shares in the online lender, worth just over $1 billion at the top end of the company's IPO price range. Levchin was previously a co-founder of PayPal, along with Peter Thiel, Elon Musk and others.

What just happened to Affirm stock?

Affirm shares ended 2021 at 100.56, up a measly 3% from the closing price of its Nasdaq debut on Jan. 13 that year. In 2022, the stock has collapsed as much as 86% year to date.

Is Affirm Holdings a good buy?

It's still not cheap. At its current price Affirm is worth $13.2 billion on expected 2022 revenue of $1.32 billion. But that would be up 29% from fiscal 2021's $870 million, and double 2020's $509 million.

What is the AFRM symbol?

What is affirm holdings?

Affirm trades on the NASDAQ under the ticker symbol "AFRM."

What is the P/E ratio of 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. Its payments network and partnership with an originating bank, enables consumers to pay for a purchase over time with terms ranging from one to forty-eight months. As of September 30, 2020, the company had approximately 6,500 merchants integrated on its platform covering small businesses, large enterprises, direct-to-consumer brands, brick-and-mortar stores, and companies. Its merchants represent a range of industries, including sporting goods and outdoors, furniture and homewares, travel, apparel, accessories, consumer electronics, and jewelry. The company was founded in 2012 and is headquartered in San Francisco, California.

Where is affirm mail?

The P/E ratio of Affirm is -42.36, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Who underwrote the IPO?

Affirm's mailing address is 650 CALIFORNIA STREET, SAN FRANCISCO CA , 94108. The company can be reached via phone at 415-984-0490 or via email at [email protected].

Does affirm pay dividends?

Morgan Stanley, Goldman Sachs and Allen & Company acted as the underwriters for the IPO and RBC Capital Markets, Credit Suisse, Barclays, Truist Securities, Siebert Williams Shank and Deutsche Bank Securities were co-managers.

Who is the insider of affirm?

Affirm does not currently pay a dividend.

What is the Vickers top buyer and seller report?

Jeremy Liew, Insider at Affirm Holdings (NASDAQ:AFRM), made a large insider sell on November 15, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that Liew sold 4,785,491 shares of Affirm Holdings at prices ranging from ($0.00) to $149.94. The total transaction amounted to $10,051,756. Following the transaction, Liew still owns 116,186 shares of Affirm Holdings worth $16,582,472.00. Affirm Holdings shares are trading

What is MQ in IPO?

Daily – Vickers Top Buyers & Sellers for 11/18/2021 The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.

Is affirm stock trading lower?

Marqeta (MQ), which is a payments processing operator, pulled off its IPO last week. On the first day of trading, the shares rose by 13% to $30.50, putting the market capitalization over $16 billion. The performance may seem unimpressive, but it's actually strong, considering that the company initially set a range for the offering at $20 to $24. (See Marqeta Stock Stats and Charts on TipRanks) The underwriters on the offering included Goldman Sachs (GS), J.P. Morgan (JPM), Citi (C), Barclays (BC

image
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 1 2 3 4 5 6 7 8 9