Affirm Holdings Inc. ($AFRM) Stock Forecast: Down 6.5% Today

What is Affirm Holdings Inc.?

Affirm Holdings (NASDAQ: AFRM) is a financial technology company specializing in point-of-sale loans and installment plans for online consumers. The stock saw significant downward movement in the market today.

Why is Affirm Holdings Inc. going down?

AFRM stock is down 6.5% on Nov 8, 2024 14:51

• Q1 results from Affirm exceeded expectations, surpassing analyst forecasts for losses per share. This could have initially boosted investor confidence.
• Unusual options activity indicated a notably positive outlook on Affirm Holdings among investors.
• Despite strong earnings and optimistic options trading, market sentiment shifted to a bearish tone, likely due to profit-taking or broader market conditions.
• The bearish movement in Affirm's stock price today may have been influenced by external factors or market dynamics, despite the company's solid fundamentals and positive investor sentiment.

AFRM Price Chart

AFRM Technical Analysis

AFRM News

Affirm Reports Better-Than-Expected Q1 Results: Details - Affirm Holdings ( NASDAQ:AFRM )

Affirm Holdings, Inc. AFRM reported its first-quarter results after Thursday's closing bell. Here's a look at the key figures from the quarter. The Details: Affirm reported quarterly losses of 31 cents per share, which beat the analyst consensus estimate for losses of 35 cents.

https://www.benzinga.com/news/earnings/24/11/41827055/affirm-reports-better-than-expected-q1-results-details

Affirm Holdings Unusual Options Activity - Affirm Holdings ( NASDAQ:AFRM )

Whales with a lot of money to spend have taken a noticeably bullish stance on Affirm Holdings. Looking at options history for Affirm Holdings AFRM we detected 15 trades. If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish ...

https://www.benzinga.com/insights/options/24/11/41784615/affirm-holdings-unusual-options-activity

2 Financial Technology Stocks to Buy Ahead of Earnings This Week

We have narrowed our search to two large-cap financial technology stocks set to report earnings results this week. These are: AFRM, LYFT.

https://www.zacks.com/stock/news/2364906/2-financial-technology-stocks-to-buy-ahead-of-earnings-this-week

Analyzing Affirm's Pre-Q1 Earnings: Time to Buy The Stock?

AFRM's Q1 performance is likely to have been driven by higher card network revenues and growing GMV, partly offset by elevated expenses.

https://www.zacks.com/stock/news/2364699/analyzing-affirms-pre-q1-earnings-time-to-buy-the-stock

Affirm Holdings's Options: A Look at What the Big Money is Thinking - Affirm Holdings ( NASDAQ:AFRM )

Deep-pocketed investors have adopted a bullish approach towards Affirm Holdings AFRM, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today.

https://www.benzinga.com/insights/options/24/11/41726033/affirm-holdingss-options-a-look-at-what-the-big-money-is-thinking

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Affirm Holdings Inc. Price History

30.09.2024 - AFRM Stock was up 5.3%

• Financial giants demonstrate bullish sentiment through options activity, where a majority of traders favor a bullish outlook.
• Affirm Holdings (AFRM) surpassed market returns, concluding the trading session with a positive shift.
• The rise in options activity and the positive market returns for Affirm Holdings suggest increasing investor confidence in the company's future outlook and potential for robust financial performance.

30.09.2024 - AFRM Stock was up 5.4%

• Affirm Holdings (AFRM) saw a strong bullish movement today, closing at $42.87 with a +1.78% increase from the previous day.
• The positive market movement could be attributed to the company exceeding market returns, indicating strong performance and investor confidence in its business model and growth prospects.
• The fact that Affirm Holdings is providing transparent and flexible payment solutions in the online retail space might have resonated well with investors, leading to increased buying interest and driving the stock price higher.
• Overall, the bullish movement in AFRM reflects the market's optimism towards the company's innovative approach in the fintech sector and its potential for future growth.

17.09.2024 - AFRM Stock was down 7.7%

• Affirm Holdings (AFRM) saw a significant decline in its stock price despite the overall positive market trend.
• The bearish movement could be attributed to investors reacting negatively to the company's performance falling behind market expectations, as indicated by the slight increase in stock price not meeting anticipated growth.
• The introduction of installment loan features by a major tech company, expanding the buy now, pay later options, might have increased competition and raised concerns about Affirm's market position and growth potential.
• The bullish sentiment towards other companies like Ferrari (RACE) and Kinder Morgan, Inc. could have diverted investor attention and capital away from Affirm Holdings, contributing to its bearish movement.

06.10.2024 - AFRM Stock was up 7.1%

• AFRM stock showed a strong bullish movement recently.
• Investor optimism is high ahead of the company's Q1 earnings report, supported by expectations of robust performance driven by increased card network revenues and growing Gross Merchandise Volume (GMV).
• Affirm's expansion into the UK, marking its first international venture, is seen as a positive sign by investors, hinting at potential growth in new markets.
• Noteworthy bullish options activity from significant investors is boosting confidence in Affirm Holdings, underscoring a positive outlook on the company's future prospects.

08.10.2024 - AFRM Stock was down 6.5%

• Q1 results from Affirm exceeded expectations, surpassing analyst forecasts for losses per share. This could have initially boosted investor confidence.
• Unusual options activity indicated a notably positive outlook on Affirm Holdings among investors.
• Despite strong earnings and optimistic options trading, market sentiment shifted to a bearish tone, likely due to profit-taking or broader market conditions.
• The bearish movement in Affirm's stock price today may have been influenced by external factors or market dynamics, despite the company's solid fundamentals and positive investor sentiment.

31.09.2024 - AFRM Stock was down 5.0%

• Affirm Holdings (AFRM) recently crossed above its 20-day moving average, but faced significant bearish movement in today's trading.
• Increased options trading activity, primarily skewed towards bullish positions, may indicate a positive outlook on the stock in the coming days.
• Outperforming the overall market in recent trading indicates that the bearish movement could be a short-term disruption rather than a sustained trend.
• The downturn in stock price could be linked to some investors taking profits following a period of optimism, causing a temporary decline in value.

23.09.2024 - AFRM Stock was down 5.2%

• Unusual options trading trends involving major financial players and large investors taking a bearish stance on Affirm Holdings (AFRM) likely contributed to the stock's decline.
• Apple Inc (AAPL) expanding its payment services through Apple Pay, offering features similar to those of Affirm Holdings, may have negatively influenced investor confidence in AFRM.
• Despite outperforming the market in the previous trading session, Affirm Holdings (AFRM) lagged behind today, prompting some investors to take profits and contributing to the bearish trend.
• A notable increase in bearish sentiment among traders in the options market history may have exacerbated the downward pressure on Affirm Holdings (AFRM) stock price.

06.10.2024 - AFRM Stock was up 8.2%

• Unusual bullish options activity detected, indicating strong investor sentiment towards Affirm Holdings.
• Positive anticipation ahead of earnings report, with expectations of strong performance driven by higher revenues and growing GMV.
• Deep-pocketed investors adopting a bullish approach towards AFRM, signaling confidence in the company's future prospects.
• Affirm Holdings identified as a top momentum pick, further boosting investor interest and driving the bullish movement in the stock price.

09.09.2024 - AFRM Stock was up 5.0%

• Affirm's low P/S ratio may have attracted investors looking for undervalued opportunities, contributing to the bullish movement.
• The bullish stance taken by whales, whether institutions or wealthy individuals, could have influenced positive sentiment and buying pressure on AFRM shares.
• The overall positive outlook on Affirm Holdings contrasted with the decline in the broader market, showcasing investor confidence in the company's growth prospects despite market fluctuations.
• The combination of strong cash flow, strategic partnerships, and analyst upgrades may have fueled optimism among investors, leading to the bullish movement in AFRM today.

11.09.2024 - AFRM Stock was up 10.9%

• The stock (AFRM) saw a strong bullish movement recently.
• Analysts are discussing the company's low P/S ratio and debating its investment potential.
• Large investors, referred to as "whales," have taken a bullish stance on the company, evident in noteworthy trades in the options market.
• Positive sentiment surrounds Affirm, with specific factors driving its stock movement in contrast to other companies like Ferrari, Home Depot, and Wells Fargo.

17.09.2024 - AFRM Stock was down 5.2%

• Affirm Holdings (AFRM) faced a strong bearish movement but ended the day at $47.97, slightly up from the previous close.
• Analyst bullish sentiment towards Ferrari (NYSE:RACE) could have steered investors' focus away from Affirm Holdings, resulting in a sell-off.
• The absence of notable positive developments or catalysts for Affirm Holdings might have influenced the bearish market trend.
• Attention possibly shifted to other companies like Kinder Morgan, Inc., which received a rating upgrade from B of A Securities analyst Neel Mitra, impacting market sentiment away from Affirm Holdings.

05.10.2024 - AFRM Stock was up 5.0%

• Affirm Holdings (AFRM) experienced a strong bullish movement recently.
• The surge in options activity and the bullish approach adopted by deep-pocketed investors indicate positive sentiment towards the stock.
• The company's expansion into the UK market and the potential for increased revenue from this new market may have contributed to the bullish movement.
• Breaking above the 20-day moving average also signals a positive momentum for Affirm Holdings, attracting momentum investors to the stock.