Affirm Holdings Hits Day Low of $46.76 Amid Price Pressure

Affirm Holdings, Inc. has experienced significant volatility today, with the stock hitting an intraday low of USD 46.76, reflecting a decline of -9.05%. This drop comes amid a broader market context where the S&P 500 has shown a modest gain of 0.69% for the day. Over the past week, Affirm's performance has also been under pressure, down -5.38%, while its one-month performance reveals a more substantial decline of -34.02%. Despite these recent challenges, Affirm has demonstrated strong financial metrics in its latest reporting period. The company reported a remarkable net profit growth of 61.26% as of June 25, with consistent positive results over the last six quarters. Affirm's operating cash flow reached a high of USD 793.92 million, and its pre-tax profit for the quarter surged by 489.39% to USD 45.4 million. With a market capitalization of USD 17,019 million and a return on equity of 7.96%, Affirm Holdings remains a notable player in the finance industry, even as it navigates current market fluctuations.