|Bid||57.01 x 1300|
|Ask||57.32 x 900|
|Day's range||57.36 - 64.05|
|52-week range||46.50 - 176.65|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Affirm and its "buy now, pay later" rivals allow consumers to pay for items in scheduled instalments, instead of using a traditional credit card. Credit card companies like Mastercard and Visa make money by charging their customers compounding interest and late fees. For 0% financing, Affirm makes money by charging merchants fees to use its services; those shops pay up in hopes that Affirm's flexible payment options will encourage customers to buy from them.
Affirm Holdings (AFRM) closed the most recent trading day at $64.30, moving +0.19% from the previous trading session.
Affirm Holdings (NASDAQ: AFRM) lost more than 50% of its value over the past two months as rising interest rates caused investors to dump their pricier, more speculative, and unprofitable growth stocks. Unfortunately for Affirm's investors, the "buy now, pay later" (BNPL) services provider checked all three boxes. It was valued at 36 times its estimated fiscal 2022 sales when it hit its all-time high last November, its long-term growth relies on its unproven ability to disrupt traditional credit card companies, and analysts don't expect it to turn a profit anytime soon.