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AFFIRM HOLDINGS (AFRM) Short Trade Setup and AnalysisAFFIRM HOLDINGS (AFRM) on the 15-minute timeframe: Trade Summary Position: Short Trade Entry: $46.84 Stop Loss: $48.47 Take Profit Targets: TP1: $44.84 (Hit) TP2: $41.59 (Hit) TP3: $38.34 (Pending) TP4: $36.33 (Pending) Technical Analysis The price action for AFRM has shown a steady downtrend in alignment with the bearish market sentiment. The position was initiated near the entry point of $46.84, with the Risological dotted trendline indicating a continuous bearish pressure, thus validating the short entry. With TP1 and TP2 already achieved, the price is moving in line with the projected downtrend. The decreasing volume and proximity to the trailing targets suggest that there is further room for downside potential, aiming towards TP3 and TP4. Market Insights Volume: 5.59M (below the 30-day average of 9.08M), indicating moderate sell-off interest. Key Levels: Day’s Range: $40.63 - $42.47, which reflects a steady decline. 52-Week Range: $16.50 - $52.48, showing that the stock is approaching the lower side of its yearly range. Upcoming Earnings: In 12 days, which could further influence AFRM’s trend based on market expectations. This technical setup aligns with the broader market indicators and the prevailing bearish momentum in AFRM. Further downside potential remains viable as the trend continues.
NASDAQ:AFRMShort
by ProfitsNinja
Affirm Holdings Falls! TP1 Hit in Short Trade, Bearish MomentumTechnical Analysis: Affirm Holdings – 15-Minute Timeframe (Short Trade) Affirm Holdings showed a bearish signal, prompting a short trade entry at 46.84. The price has already reached Take Profit 1 (TP1) at 44.84, confirming the strength of the bearish move. Key Levels Entry: 46.84 – The short trade was initiated after identifying bearish momentum. Stop-Loss (SL): 48.47 – Positioned above resistance to manage risk and protect against upside reversals. Take Profit 1 (TP1): 44.84 – Already achieved, confirming the effectiveness of the trade setup. Take Profit 2 (TP2): 41.59 – The next target if the bearish trend continues. Take Profit 3 (TP3): 38.34 – A further downside target should selling pressure remain strong. Take Profit 4 (TP4): 36.33 – The ultimate target, marking a significant bearish move. Trend Analysis The price is trading below the Risological Dotted trendline, which confirms a solid downtrend. With TP1 already met, the continued bearish momentum suggests further downside potential. The short trade on Affirm Holdings has started well, with TP1 already hit at 44.84. The next targets are within reach if the selling pressure continues, making this trade setup promising for further gains.
NASDAQ:AFRMShort
by ProfitsNinja
1
Affirm Holdings ($AFRM) Surge 21% in Thursday Premarket TradingAffirm Holdings Inc. (NYSE: NASDAQ:AFRM ), a leader in the "buy now, pay later" (BNPL) sector, recently posted an impressive surge of 21% in premarket trading, following a stellar earnings report that exceeded analysts' expectations on multiple fronts. This strong performance is a pivotal moment for the company, reflecting both significant fundamental strength and a favorable technical setup. A Closer Look at Earnings and Growth Metrics Affirm's fiscal fourth-quarter earnings beat across the board, sending a strong signal to investors about the company's growth trajectory and financial health. The company reported a loss per share of just 14 cents, far better than the 51-cent loss anticipated by analysts. Additionally, revenue came in at $659 million, surpassing the average estimate of $604 million. These results were bolstered by a 31% year-over-year increase in Gross Merchandise Volume (GMV) to $7.2 billion, indicating a healthy uptick in consumer demand and transaction volume on Affirm's platform. This growth is even more notable considering the current macroeconomic challenges, including inflationary pressures and a generally cautious consumer environment. The company also reported a 48% year-over-year increase in revenue, coupled with a significant reduction in its net loss, which narrowed from $206 million a year ago to $45.1 million. Affirm's active merchant count rose to over 300,000, and active consumers grew by 19% to 18.6 million. This increase in both merchant and consumer engagement suggests that the company's value proposition is resonating in the market. CEO Max Levchin highlighted a new target for achieving operating profitability on a GAAP basis by the fiscal fourth quarter of 2025, a goal that appears increasingly attainable given the current momentum. Looking ahead, Affirm projects revenue between $640 million and $670 million for the upcoming quarter, above the $625 million forecast by analysts. This optimistic guidance suggests management's confidence in the company’s ability to maintain its growth trajectory. Key Drivers of Growth Affirm (NYSE: NASDAQ:AFRM ) has made several strategic moves that are expected to drive further growth. The company's expanding partnerships with giants like Apple, Amazon, and Shopify are particularly noteworthy. These alliances not only increase Affirm's visibility and accessibility but also position it to benefit from the robust e-commerce growth trends. For example, the partnership with Apple allows U.S. Apple Pay users to apply for loans directly through Affirm (NYSE: NASDAQ:AFRM ) on their iPhones and iPads, significantly expanding its reach. The planned launch in the UK by the end of this year further diversifies Affirm’s revenue streams and exposes it to new markets, which could be crucial for sustained growth. Additionally, Bank of America analysts pointed out that potential interest rate cuts could reduce Affirm's funding costs and improve gains on loan sales, which would further enhance its financial performance. The recent decision to move merchants to a 36% APR cap on loans, up from 30% previously, should also act as a tailwind for yield and GMV growth. Technical Analysis: A Bullish Gap-Up Pattern with Caution From a technical perspective, Affirm's 21% surge has placed the stock in a classic "gap-up" pattern, where the price jumps significantly higher than its previous close, leaving a visible gap on the stock chart. This is often viewed as a bullish reversal pattern, signifying renewed investor interest and potential for further upside. However, while this gap-up is encouraging, it also comes with a degree of caution. Stocks that gap up sharply are often considered overbought in the short term, which can lead to a period of consolidation or a pullback as some investors lock in profits. This is particularly relevant given the stock's prior decline of 36% year-to-date, suggesting that while the current momentum is positive, it may not be sustainable without continued strong performance and favorable market conditions. Challenges Ahead: Navigating Macroeconomic Headwinds Despite the upbeat results, Affirm (NYSE: NASDAQ:AFRM ) faces challenges that could impact its future growth. The potential for a consumer slowdown, as highlighted by Lido Advisors' chief market strategist Gina Sanchez, poses a risk. As a BNPL provider, Affirm's business model relies heavily on consumer spending, which could be constrained if economic conditions worsen. Moreover, while interest rate cuts could benefit Affirm (NYSE: NASDAQ:AFRM ), the timing and extent of these cuts remain uncertain. Investors will need to keep a close eye on Federal Reserve policy decisions, as they could significantly impact Affirm's cost of funding and overall profitability. Conclusion: A Stock to Watch with Balanced Prospects Affirm's recent earnings report is a testament to the company's operational resilience and strategic positioning in a rapidly evolving market. With strong revenue growth, improving margins, and key partnerships driving momentum, Affirm is well-positioned to capitalize on the expanding BNPL market. However, investors should remain mindful of the potential risks, particularly around consumer spending patterns and macroeconomic uncertainties.
NASDAQ:AFRMLong
by DEXWireNews
Affirm Posted a Smaller-Than-Expected Loss Stock down 9.11%Consumer financing firm Affirm Holdings ( NASDAQ:AFRM ) reported a smaller-than-expected loss in the March quarter, while revenue and other financial metrics beat Wall Street targets. Guidance came in above expectations, and Affirm stock was down 8.8% in morning trading. The company reported a 43-cent per share loss for the three months ended March 31, compared with an 86 cent per-share loss in the year-earlier period. Affirm said revenue climbed 51% to $576 million, with revenue minus transaction expenses coming in at $231 million compared to estimates of $217 million. Gross merchandise volume rose 36% to $6.3 billion, and the new Affirm Card brought in $35.67 million in revenue, up 21% versus estimates of $37 million. For the current June quarter, Affirm ( NASDAQ:AFRM ) expects revenue of $595 million at the midpoint of its outlook, topping estimates of $579 million. It forecasts GMV of $6.85 billion, edging by estimates of $6.65 billion. NASDAQ:AFRM stock had retreated 27% in 2024 prior to the release of fiscal Q3 earnings but has clawed back above its 50-day moving average. Affirm is one of the biggest providers of buy now, pay later installment payment services, with its initial public offering raising $1.2 billion in January 2021.
NASDAQ:AFRMShort
by DEXWireNews
Riding the Waves with Affirm Holdings An Elliot Wave PerspectiveGreetings, fellow learners of the financial markets! Welcome to RK_Charts, and today, let's delve into an educational exploration of Affirm Holdings. Technical Insight: Affirm Holdings is currently trading near $36.70, showcasing an intriguing Elliott Wave pattern. Having successfully navigated through waves (1), (2), and (3), the stock now finds itself in the midst of the corrective phase, wave (4). Within this phase, wave C is on the verge of completion, having completed waves A and B. Detailed Wave (4) Analysis: Zooming in on wave C, the intricate journey unfolds with meticulous completion of waves ((i)), ((ii)), ((iii)), and ((iv)). As we stand on the precipice of the final leg which can show little new Low also possibly with Bullish Divergence, wave ((v)) beckons, potentially signaling an upcoming bullish move, So new Low can be an opportunity at lower levels. Educational Purpose Only: This analysis is presented solely for educational purposes. It is crucial to understand that market dynamics are multifaceted, and investing involves inherent risks. Always conduct thorough research, factor in personal risk tolerance, and consider seeking advice from financial professionals. Invalidation Level: In this educational context, an invalidation level is established at $30.65. This level serves as a precautionary measure, signaling a point at which the current analysis may no longer align with market movements. It's a reminder of the importance of risk management in any trading or investment decision. Potential Target: For those intrigued by market dynamics, consider the educational exercise of contemplating a long position in Affirm Holdings. The anticipated target of $52.50 aligns with the top of wave (3), illustrating a potential upward trajectory. Conclusion: In the realm of financial education, Affirm Holdings provides a captivating case study. Approach this analysis with a curiosity for learning, acknowledging the fluid nature of markets, and embracing the importance of risk-aware decision-making. Happy learning I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NASDAQ:AFRMLong
by RK_Chaarts
Affirm Holdings ($AFRM) Surges but Dips shortly After EarningsAffirm Holdings Inc. (NASDAQ: NASDAQ:AFRM ), a leading player in the booming consumer financing sector, recently unveiled its fiscal second-quarter earnings, sending mixed signals to investors. Despite surpassing revenue expectations and narrowing its losses, the company's stock witnessed a slight dip amidst concerns over its guidance amidst market volatility. Analyzing the Numbers: In its latest earnings report, Affirm ( NASDAQ:AFRM ) reported a narrower-than-expected loss of 54 cents per share for the three months ending December 31, significantly beating analyst estimates of a 72 cents per share loss. Moreover, the company's revenue soared by 48% year-over-year to $591 million, comfortably surpassing Wall Street projections of $521 million. Affirm's ( NASDAQ:AFRM ) robust performance was underscored by a 32% surge in gross merchandise volume (GMV) to $7.5 billion, with the new Affirm Card contributing $400 million to GMV. Market Reaction: Despite the impressive financial metrics, NASDAQ:AFRM stock experienced a slight 1.1% decline in morning trading following the earnings release. This dip can be attributed to concerns surrounding the company's guidance, which, though above expectations, may not have been deemed sufficient given the stock's substantial 270% surge over the past 52 weeks. Analyst Insights: RBC Capital analyst Daniel Perlin remains optimistic about Affirm's ( NASDAQ:AFRM ) growth prospects, emphasizing the company's trajectory, market share gains, and its ability to sustain profitable growth even in an environment of elevated interest rates. Perlin's bullish sentiment echoes broader market sentiment, which views Affirm as a frontrunner in the burgeoning "buy now, pay later" (BNPL) industry. Future Outlook: Looking ahead, Affirm ( NASDAQ:AFRM ) provided guidance for the current March quarter, projecting revenue of $540 million and GMV of $5.9 billion, slightly surpassing analyst estimates. This forward-looking guidance will be crucial in gauging the company's ability to navigate through market headwinds and sustain its growth momentum amidst increasing competition and evolving consumer preferences. Conclusion: Affirm Holdings' ( NASDAQ:AFRM ) recent earnings report paints a picture of a company poised for continued growth despite market uncertainties. With a solid foundation in the rapidly expanding BNPL sector and strategic expansions into other financial services, Affirm ( NASDAQ:AFRM ) remains well-positioned to capitalize on the shifting landscape of consumer finance. As investors navigate through market volatility, Affirm's ( NASDAQ:AFRM ) ability to execute its growth strategy effectively will be key in determining its long-term success.
NASDAQ:AFRM
by DEXWireNews
AFRM Affirm Holdings Options Ahead of EarningsIf you haven`t bought AFRM ahead of the previous earnings: or when you saw those big puts adding: Then Analyzing the options chain and the chart patterns of AFRM Affirm Holdings prior to the earnings report this week, I would consider purchasing the 20usd strike price Puts with an expiration date of 2024-1-19, for a premium of approximately $2.17. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:AFRMShort
by TopgOptions
AFRM Affirm Holdings Options Ahead of EarningsIf you haven`t sold AFRM here: Then analyzing the options chain and the chart patterns of AFRM Affirm Holdings prior to the earnings report this week, I would consider purchasing the 14.50usd strike price Puts with an expiration date of 2023-8-25, for a premium of approximately $1.12. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:AFRMShort
by TopgOptions
2