Why higher interest rates threaten the buy now, pay later bubble [Financial Post (Toronto, Ontario, Canada)]
Affirm Holdings, Inc. - Class A (AFRM)
Company Research
Source: Financial Post
Canada last week, eight months after buying BNPL pioneer Afterpay Ltd. for US$29 billion in January. It might have struck some as an odd time to push forward with an offering built on a foundation of ultra-low interest rates. The Bank of Canada has increased its benchmark interest rate three percentage points since March and governor Tiff Macklem has been clear he isn't finished, as inflation is running at an annual rate of about seven per cent, too fast for a central bank that targets two per cent. So, higher borrowing costs will test the resiliency of BNPL, a type of credit popularized in recent years by digital upstarts that typically allows shoppers to pay four instalments at zero interest over a period of six to eight weeks. Block, via its e-commerce and point-of-sale (POS) subsidiary Square, is betting that the new interest-rate backdrop will separate the strong from the weak, as financial technology companies that are overly reliant on BNPL become prey for companies that
Show less
Read more
Impact Snapshot
Event Time:
AFRM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AFRM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AFRM alerts
High impacting Affirm Holdings, Inc. - Class A news events
Weekly update
A roundup of the hottest topics
AFRM
News
- Affirm Holdings, Inc. (NASDAQ: AFRM) had its price target lowered by analysts at BMO Capital Markets from $48.00 to $46.00. They now have a "market perform" rating on the stock.MarketBeat
- Affirm Holdings Selloff Is 'Baffling': Analysts Dive Into Financial Results [Yahoo! Finance]Yahoo! Finance
- Affirm (AFRM) Incurs Loss in Q3, Narrows Y/Y on Growing GMV [Yahoo! Finance]Yahoo! Finance
- Affirm Holdings, Inc. (NASDAQ: AFRM) had its price target lowered by analysts at Royal Bank of Canada from $50.00 to $43.00. They now have a "sector perform" rating on the stock.MarketBeat
- Affirm Holdings, Inc. (NASDAQ: AFRM) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
AFRM
Earnings
- 5/8/24 - Beat
AFRM
Sec Filings
- 5/8/24 - Form 10-Q
- 5/8/24 - Form 8-K
- 5/3/24 - Form 4
- AFRM's page on the SEC website