Affirm Stock Climbs, Outperforms Market
Affirm Holdings (AFRM) has recently caught investors' attention with a notable surge in its stock price. Over the last four weeks, the company's shares have climbed 12%. This performance significantly outpaced the broader S&P 500, which saw a gain of 3.4% during the same period.
Driving Factors
This recent upward trend in AFRM's stock appears to be supported by positive shifts in financial outlooks. Analysts have made positive earnings estimate revisions for the company. Specifically, the consensus estimate for the current quarter has moved up 10.6% over the last 30 days. Similarly, the consensus estimate for the current fiscal year has seen an increase of 12.3% over the same timeframe.
Industry Context
Affirm operates within the Financial Transaction Services industry. The stock is currently trading at a price-to-sales (P/S) ratio of 3.09, compared to the industry average P/S of 2.97. The recent positive estimate revisions and strong stock performance highlight a period of momentum for AFRM.
