NASDAQ: AFRM stock added 0.89% to its trading price on the August 8 trading session; it opened trading at $15.04, lowering to $14.92, it hit a high of $15.83 and closed trading at $15.80 with an intraday trading volume of 12.455 Million.
In the 52 weeks time frame, AFRM stock highest traded at $40.97, and its lowest trading price was $8.62. AFRM stock lost more than 17% of its trading price in a week despite the intraday surge.
The annual price target of AFRM shares is $14.84, which is around 6.06% lower than the current trading price. Market capitalization of Affirm Holdings, Inc. is $4.676 Billion, and its stock average trading volume is 14.551 Million.
AFRM Stock Price Analysis
Over the past few trading sessions, AFRM stock has been consolidating in the range between $14.97 and $19.77.
AFRM stock price might slip more in the coming session as it becomes more important to break the consolidation range. AFRM stock shows a bearish momentum in the monthly time frame, and sellers seem more active than buyers.
Buyers are believed to oppose the sellers’ activities in the coming sessions and will try hard to pull the price upwards. If buyers succeed, AFRM share might face immediate resistance of $19.77 and the following possible resistance of $22.75.
If sellers’ activities and domination began, AFRM share price might get in trouble and face immediate support of $12.81 and the next possible support of $8.80. However, in the weekly time frame, AFRM share is losing its price, but in the monthly time frame, its price surged more than 14%, and in a quarter, the stock price rose 30.47%.
Affirm Holdings, Inc Earnings & Revenue
For Q1 2023 estimated revenue of Affirm Holdings, Inc. was $359.89 Million, but it reported $361.62 Million. Similarly, in Q3, the company impressed its investors by reporting 3.08% more revenue than estimated figures.
Despite positive revenue in Q1, the company reported 4.06% less revenue than estimated figures. However, for Q4 20223, the company is supposed to report $406.13 Million in revenue.
TradingView states 211.255 Million AFRM shares are free-floating, and the remaining 84.668 Million shares are closely held by the company’s financial backers or the board of directors.
Technical Levels
Major Support: $12.81 & $8.80
Major Resistance: $19.77 & $22.75
Conclusion
After analyzing technical aspects of AFRM share, it is noted that AFRM investors need to be more attentive as there might be a significant movement by the end of this week. Most analysts believe that bearishness is approaching the stock, and there are possibilities that the AFRM share price might fall slightly.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
Source: https://www.thecoinrepublic.com/2023/08/09/afrm-stock-lost-16-in-a-week-bearishness-lies-ahead/