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Affirm Holdings, Inc.

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AFRM trade ideas

AFRM and UPSTThe price correlation between AFRM and UPST is 0.73, meaning the two stocks tend to move in the same direction. This is not surprising, as both companies are in the same industry (digital lending) and have similar business models. However, it is important to note that correlation does not equal causation, and there are other factors that could be affecting the price of these stocks. For example, both AFRM and UPST have been affected by rising interest rates, making it more expensive for consumers to borrow money. This has led to a decline in both stocks' prices in recent months. In addition, both companies are facing increased competition from traditional banks and other fintech companies. This could also put downward pressure on their stock prices in the future. Overall, the price correlation between AFRM and UPST is relatively high, but it is important to consider other factors when making investment decisions. Here are some other factors that could affect the price of AFRM and UPST: Consumer spending Economic growth Regulatory changes New product launches Acquisitions It is important to monitor these factors and their impact on AFRM and UPST stock prices.
NASDAQ:AFRMLong
by Moshkelgosha
3
AFRM | InformativeNASDAQ:AFRM If the price of AFRM breaks above the bullish line of 17.33, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the target prices could be set at 17.96 and 18.72. Conversely, if the price of AFRM breaks below the bearish line of 16.11, it may suggest a bearish signal, implying potential downward price movement. In this case, the target prices could be set at 15.45, 14.79, 13.92, and 11.86. *In addition to the provided information, I want to mention that personally, I hold a bearish outlook on AFRM. The stock was rejected at the EMA 200 on the daily chart, and a bearish engulfing candlestick has formed. These factors indicate a potential bearish price action in the near future.
NASDAQ:AFRM
by shkspr
Affirm - Breaking throughHi everyone, Affirm is seriously misspriced right now. Upstart has made a crazy run from the $12 bottom to $65 bucks now, while Affirm is barely $17. This pair used to be trading at almost the same price half a year ago and now the difference is crazy. Affirm will follow eventually Upstart to close the gap. Affirm's partnership with Amazon can give us a nice boost on the next earnings report. Amazon had the best Prime Day recently, so we can assume that some of the revenue has went trough Affirm's BNPL service. Affirm has a great cash position and has what it takes to wether the storm. The stock is super volatile usually, but has been caught in a headwind. When the $20 are broken, I am expecting wilder movements to $30 and then slowly to $40. Good luck to all!
NASDAQ:AFRMLong
by donaitelo
AFRM - Might squeeze soon Got sold hard yesterday into the supply zone, despite good news, but that proved to be backtest of breakout level at 16, which was held and it got yesterday's gains back. Two overhead levels to watch, first at 600DMA around 19-20. Second, is overhead supply at 22. IMO yesterday's sell-off was test of 200DMA and today's PA tells us that bulls like the price even at that level, so 23 zone is a given. what happens there and how you react might be critical. Ideal long trade was on 06/09 to buy at 16.5, but tomorrow might be another chance to add around 18. Then next stop will be 23 or 40 Factors favor bulls right now. I think this will soar high, but needs pitstops along the way. Bear case: Rejection of 20 will test 16 again and then 14.
NASDAQ:AFRMLong
by CheelooTrader
$AFRM Up As Market RecoversAfter the new integration of Affirm Holdings, Inc. (NASDAQ: AFRM)’s pay-over-time technology in Amazon (NASDAQ: AMZN) Pay, AFRM stock jumped more than 21% considering the potential revenue boost AFRM may receive from this deal. Meanwhile, the improving macroeconomic situation in the U.S. can help AFRM as Americans’ purchasing power increases again. With the stock already up nearly 80% YTD, AFRM stock appears to have a substantial upside in the long term. AFRM Fundamentals Amazon Pay Integration Amazon Pay incorporating AFRM into its service is a significant step forward for AFRM since it will expose AFRM to a new set of customers and can see AFRM achieving a better conversion rate. The new agreement will allow AFRM to capitalize on one of its strengths as AFRM has almost no user acquisition costs. It is up to merchants to promote its product in the hopes of converting shoppers into buyers and with more traders having access to AFRM more customers will be aware of it. Improving Macroeconomics With expectations that the Federal Reserve will pause interest rate hikes, the macroeconomic prospects in the US are looking to improve. While macroeconomic improvements will benefit the whole market, AFRM and other “Buy Now, Pay Later” (BNPL) services are set to benefit the most since customers’ purchasing power will increase. AFRM is also partnering with Fair Isaac Corporation (NYSE: FICO) to build a first-of-its-kind credit scoring model that would enable buy now, pay later loans to be consistently and transparently factored into credit and lending decisions. Institutional Ownership It is also worth noting that AFRM stock has high institutional ownership of more than 80%, which indicates that AFRM is on the right path. Given these institutions’ confidence in the company’s prospects and with the improving macro environment, AFRM stock could be poised to continue running this year. Short Data Furthermore, there is also a chance of a short squeeze happening as AFRM stock has a short interest rate of 23% and 32% of its float on loan. This can result in the AFRM stock price soaring as the short sellers might be forced to cover their short positions especially since AFRM stock is almost 80% up YTD. AFRM Financials In its Q3 2023 report, AFRM’s assets increased 8% QoQ from $6.9 billion to $7.5 billion, and its cash and cash equivalents increased 30% QoQ from $972 million to $1,255 million. AFRM’s total liabilities increased by 16% QoQ from $4.3 billion to $5 billion. Revenue also increased 7% YoY from $354 million to $380 million. Operating costs increased almost 18% from $581 million to $691 million, which contributed to the operating loss increase of 37% YoY from $226 million to $310 million, which amounted to a net loss of $205 million – a 279% increase YoY. Technical Analysis AFRM stock’s trend is bullish with the stock trading in an upwards channel within a sideways channel between $9.16 and $15.24. Looking at the indicators, the stock is trading above the 200, 50, and 21 MAs which are bullish indications. Meanwhile, RSI is neutral at 50 and the MACD is approaching a bearish crossover. As for the fundamentals, AFRM just witnessed a catalyst in the new Amazon Pay integration which could boost AFRM’s revenues significantly. With the macro environment improving in the US, AFRM stock could further run especially as more consumers regain their purchasing power. AFRM Forecast With the macroeconomic situation improving in the US, AFRM and other BNPL services are looking to thrive as their customers’ purchasing power increases. Furthermore, AFRM has high institutional ownership which may indicate that AFRM stock is currently in a good position. AFRM stock is certainly a stock to keep an eye on, especially since its high short interest rate makes it a strong short squeeze candidate.
NASDAQ:AFRM
by Penny_Stocks_Today
Targeting Sellside Liquidity with a Favorable Risk-Reward RatioGreetings, traders! Today, I am excited to present a compelling short trade opportunity that focuses on capitalizing on a potential downward move towards sellside liquidity. This trade offers an attractive risk-reward ratio, providing a favorable profit potential. Based on careful analysis, I have identified a promising setup for a short trade. The entry point is suggested at 15.70, aligning with the analysis indicating a potential price decline towards sellside liquidity. To effectively manage the trade's risk, it is recommended to place a stop loss at 17.21. This level is strategically positioned right above an up-candle body, acting as a mitigation block and minimizing the risk of a significant upward reversal. This trade opportunity boasts a compelling risk-reward ratio of approximately 1 to 5.43. Such a ratio signifies that the potential profit is approximately 5.43 times the potential risk, making it an appealing prospect for traders seeking profitable opportunities. However, prudent risk management is crucial. Determine your risk tolerance and position size accordingly, ensuring that your exposure aligns with your individual trading plan. As the trade progresses, monitor its development closely, and be prepared to adjust your stop loss or take profit levels as necessary to optimize your trade management. Flexibility and adaptability are key when navigating the dynamic nature of the markets. Please note that trading involves inherent risks, and this trade idea should be carefully evaluated before making any trading decisions. Conduct your own analysis and seek professional advice if needed. Wishing you success and profitable trades!
NASDAQ:AFRMShort
by unfair_advantage
$AFRM Was Its Drop An Overreaction?Most fintech companies have been suffering as of late due to the rise in interest rates over the last year, coupled with the failure of multiple banks during recent months. Affirm Holdings, Inc. (NASDAQ: AFRM) is a fintech company that recently unveiled its Q1 earnings report where the company beat both revenue and EPS estimates. Despite this, AFRM dropped by as much as 8% which can be an overreaction by the market. The rise in interest rates has affected fintech companies in different ways, but with a potential interest rate hike pause, the fintech space could have some breathing room moving forward. AFRM Fundamentals AFRM beat its earnings estimates as it reported a revenue of $380.9 million beating its estimate of $369.5 million by 3.08% and an EPS of -0.69 beating its -0.851 estimate by 18.9%. However, the AFRM stock price dropped 7% following its earnings call despite the company beating its estimates. Concerns regarding rising interest rates and bank failures and their effects on what the company will have to pay to service its debts could have affected the stock, with its funding debt increasing from $672.5 million to $1.5 billion. During its earnings call, AFRM stated that higher credit spreads could affect its revenue less transaction costs which is a metric that measures the economic value of the transaction it processes. Nevertheless, if the Fed does stop raising interest rates and potentially cut them in the future, AFRM could be set to overcome this risk moving forward. Yet, AFRM could witness some form of recovery, despite its recent headwinds due to the growth of its key metrics. AFRM’s gross merchandise volume increased from $3.9 billion to $4.6 billion while its revenues grew from $354.7 million to $380.9 million. Moreover, AFRM’s active consumers increased from 12.7 million to 16 million and its active merchants increased from 207 thousand to 246 thousand. Based on this, AFRM stock could rise in the future if it works out its funding debt problem. AFRM Financials In its Q3 2023 report, AFRM reported $7.5 billion in assets including $972.4 million in cash and equivalents and $3.7 billion in loans held for investment. AFRM witnessed an increase in its assets from $6.9 billion including an increase in loans held for investment from $2.5 billion, however, its cash and equivalents decreased from $1.2 billion in Q4 2022. UPST’s liabilities grew for the 9 months ended March 31, from $4.3 billion to $4.9 billion as its funding debt increased from $672.5 million to $1.5 billion. For the three months that ended March 31, AFRM’s revenues grew YoY from $354.7 million to $380.9 million while its operating loss widened from $226.5 million to $310 million. Finally, AFRM’s net loss also widened from $54.6 million to $205.6 million. Technical Analysis AFRM stock trend is neutral as it is currently trading in a sideways channel between the support at $9.16 and the resistance at $12.31. Looking at the indicators, AFRM is currently trading above the 21 MA, 50 MA, and 200 MA which is a bullish sign, THE RSI is neutral at 59, and the MACD is bearish Fundamentally, AFRM stock’s most recent catalyst was its Q3 earnings. Still, it does not have any upcoming catalysts aside from the Feds possibly no longer increasing interest rates while potentially cutting them in the future. AFRM’s stock doesn’t have a clear indication of how it’s going to shift, however, any possible changes in the current economic environment such as a decline in interest rates might shift the stock moving forward. AFRM Forecast AFRM’s stock price drop might have occurred due to concerns regarding rising interest rates and bank failures and their effects on what the company will have to pay to service its debts. Nevertheless, the company has been displaying significant growth rates despite its risks as presented during its latest earnings call. For this reason, AFRM stock might recover moving forward.
NASDAQ:AFRM
by Penny_Stocks_Today