Affirm Holdings: Hard To Win Against Block, PayPal And Klarna, Amid Substantial Losses [Seeking Alpha]
Affirm Holdings, Inc. - Class A (AFRM)
Company Research
Source: Seeking Alpha
The company's operating losses cover half of its revenue and seems too far away from profitability, while displaying an elevated PS ratio. High take-rates, potential prudence bias, and well-financed competition are other aspects that support the sell rating. The stock of Affirm Holdings (NASDAQ: NASDAQ: AFRM ) has risen substantially in the last year with a performance of 216%, then of falling around from peak-to-trough ~94% after the pandemic hype ended and demand for Peloton machines deteriorated. Nonetheless, the stock hasn't had a great start of the year and since the end of December, the shares have corrected by -33%. In this analysis, I will explain why I am bearish and rate this company with a sell . For that, I will draw the main points of what I like and dislike about the business, their valuation, and risks associated with my bearish thesis. In addition, I will briefly discuss the company overview and where they stand in the buy now, pay later market. Company Overview
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High impacting Affirm Holdings, Inc. - Class A news events
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AFRM
News
- Deep Sail Capital Partners Q1 2024 Investor Letter [Seeking Alpha]Seeking Alpha
- Affirm Holdings, Inc. (NASDAQ: AFRM) had its "neutral" rating re-affirmed by analysts at JPMorgan Chase & Co..MarketBeat
- Affirm Holdings, Inc. (NASDAQ: AFRM) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
- Affirm: Acceleration Across The Board [Seeking Alpha]Seeking Alpha
- Affirm to Announce Third Quarter Fiscal Year 2024 Results on May 8, 2024Business Wire
AFRM
Earnings
- 2/8/24 - Miss
AFRM
Sec Filings
- 4/12/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- AFRM's page on the SEC website