Weekly Report: Tickeron's Robot Factory Yields 3.78% Return on $AFRM Investment
AI trading robot, the Swing trader: Volatility Balanced Strategy (TA), has stood out as a performer in our robot factory. In the previous week, it achieved an impressive 3.78% gain while trading AFRM (Affirm Holdings Inc.), a notable stock in the market. In this article, we will delve into the technical analysis of AFRM's recent movements and explore the implications of its earnings results.
Technical Analysis: On May 08, 2023, AFRM made a significant move above its 50-day moving average, indicating a shift from a downward trend to an upward trend. This development is particularly noteworthy, as historical data suggests that in all 12 past instances when AFRM experienced a similar crossover, the stock price continued to rise further within the following month. Consequently, the odds of a continued upward trend for AFRM are estimated to be as high as 90%.
Earnings Review: AFRM recently released its earnings report on May 09, providing insights into the company's financial performance. The report revealed earnings per share (EPS) of -68 cents, surpassing the estimated EPS of -92 cents. This positive surprise indicates that AFRM performed better than anticipated, which can potentially influence market sentiment positively.
With 14.78 million shares outstanding, AFRM's current market capitalization stands at approximately 4.60 billion dollars. It is worth noting that market capitalization reflects the total value of a company's outstanding shares, providing investors with a rough estimate of its overall worth.
Conclusion: The "Swing trader: Volatility Balanced Strategy (TA)" AI trading robot has demonstrated its effectiveness by generating a remarkable 3.78% gain while trading AFRM in the previous week. AFRM's upward trend, triggered by its movement above the 50-day moving average, suggests a positive outlook for the stock in the coming weeks based on historical patterns.
Furthermore, AFRM's recent earnings report exceeded expectations, with the company posting better-than-estimated earnings per share. This positive development could influence market sentiment and potentially contribute to the continued growth of AFRM.
AFRM in upward trend: price rose above 50-day moving average on May 03, 2024
AFRM moved above its 50-day moving average on May 03, 2024 date and that indicates a change from a downward trend to an upward trend. In of 20 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on April 26, 2024. You may want to consider a long position or call options on AFRM as a result. In of 52 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for AFRM just turned positive on April 23, 2024. Looking at past instances where AFRM's MACD turned positive, the stock continued to rise in of 26 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AFRM advanced for three days, in of 198 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AFRM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
AFRM broke above its upper Bollinger Band on May 02, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for AFRM entered a downward trend on April 25, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. AFRM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.055) is normal, around the industry mean (29.992). P/E Ratio (0.000) is within average values for comparable stocks, (155.575). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.725). Dividend Yield (0.000) settles around the average of (0.081) among similar stocks. P/S Ratio (5.495) is also within normal values, averaging (55.531).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. AFRM’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock worse than average.
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