AFRM Jumps 19% On a Positive Catalyst

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The AFRM stock price fluctuated between $109.2 and $138.88 throughout the trading session with the volume trading being 53M shares, which represented a positive variation when compared to the three months average volume of 8M shares.

The share price of Affirm Holdings, Inc. (NasdaqGS:AFRM) ran up 19.95% to close Wednesday’s market session at $133.7, higher as compared to yesterday’s close which brings the market valuation of the company to $35.44B.

The 52-week high for the Affirm Holdings, Inc.’s shares is $146.90. That puts it -8.99% from that peak but still a massive gain since the share price dropped to a 52-week low of $46.50, while the S&P 500’s share price change was of 29%.

What does the trading volume tell us about the AFRM stock?

During the last trading session, Affirm Holdings, Inc. (NasdaqGS:AFRM) has seen decay in its daily volume. The daily volume was of 8M, while in the last 10 days the average was 12.26M and last three months – 8.48M.

Growing short interest

The Affirm Holdings, Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 10M shares being shorted which translates into 2.68 of a short ratio for AFRM, while in the previous month the shorted shares were 8.41M.

Affirm Holdings, Inc.’s (NasdaqGS:AFRM) financials

With a market cap of 35.44B, Affirm Holdings, Inc. holds a total cash of $1.62B that translates into $6.12 per share, while the total debt is of $2.11B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 66.80%. The current revenue is of $762.02M that is $7.36 per share.

This is a great sign for a bright future.