Affirm Holdings Inc. (AFRM): Latest Results Show Potential

0
156
AFRM Stock
AFRM Stock

Shares of Affirm Holdings Inc. (NASDAQ: AFRM), a supplier of installment software, are still trading 86% below their 52-week low. The data released last week, on the other hand, indicates a strong positive trend.

Affirm’s GMV climbed 87% year on year to $15.5 billion in the fiscal year ended June 30. The gross merchandise value (GMV) of items sold on an e-commerce site, in this example through Affirm’s services, is the gross merchandise value. The major engine of expansion was a 96% rise in user numbers to 14 million.


China Can't Stop US$0.25 Stock from Mining Ultra-Rare Metal

Here's one little-known company — trading undiscovered below 25-cents per share — that's advancing one of the largest and highest quality REE deposits in all of North America... and the Chinese can't do a damn thing about it! It's early stage... and that's excellent news for individual investors like you who have the foresight to act decisively on an emerging megatrend that's already being measured in the Tens of $Billions.

Simply click here and the name & trading symbol are yours.

Sponsored


As a consequence, Affirm’s overall yearly revenue increased by 55% to $1.3 billion, but the loss increased to $707.4 million from $441 million the previous year.

Most significantly, Affirm Holdings Inc. (AFRM) has seen an increase in the number of vendors in its marketplace. Last fiscal year, the Affirm platform has 235,000 merchants, a 710% increase from the end of the fiscal year 2021. This expansion is the consequence of cooperation with Shopify, one of the industry leaders in e-commerce, which offered an influx of users to Affirm services.

AFRM works in the rapidly expanding industry for buy now, pay later (BNPL) services, which are popular among young people. However, this industry is still connected with significant losses, and increasing inflation and interest rates exacerbate the dangers.

According to the Affirm Holdings Inc. (AFRM) report, the business put aside $255 million in 2022 to cover loan losses, up from $65 million the previous year.

As a result, Affirm’s business continues to expand rapidly, but the company now faces new risks. However, based on the results of the current fiscal year, the corporation anticipates further sales growth to $1.625 – $1.725 billion.

The stock has lost -10.62% in the last month, -20.96% in the last three months, and -42.66% in the last six months. The volatility of AFRM during the last week was found to be 8.66%, while the volatility over a month was 8.83%.

LEAVE A REPLY

Please enter your comment!
Please enter your name here