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2021-12-21

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Is AFRM A Buy Now Or A Sell? What Affirm's Fundamentals, IBD Ratings, Stock Chart Say<blockquote>AFRM 是现在买入还是卖出？Affirm 的基本面、IBD 评级、股票图表怎么说</blockquote>

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What Affirm's Fundamentals, IBD Ratings, Stock Chart Say<blockquote>AFRM 是现在买入还是卖出？Affirm 的基本面、IBD 评级、股票图表怎么说</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1133638754","media":"Investors","summary":"When it comes to investing in new fintech companies and the financing concept of BNPL— buy now, pay ","content":"When it comes to investing in new fintech companies and the&nbsp;financing concept of BNPL— buy now, pay later — Affirm stock comes immediately to mind. So does its recent large price swings.<blockquote>当谈到投资新的金融科技公司和BNPL的融资概念——先买后付——Affirm stock立即浮现在脑海中。其最近的大幅价格波动也是如此。</blockquote> Affirm(AFRM) likely scared the wits of shareholders on Nov. 10.<blockquote>申明(AFRM) 可能在 11 月 10 日吓坏了股东。</blockquote> The stock nose-dived 15% in the heaviest volume in more than three weeks. And 22.5 million shares exchanged hands that day, 42% above its average turnover over the past 50 sessions.<blockquote>该股暴跌 15%，创三周多来最大成交量。当天有2250万股股票易手，比过去50个交易日的平均成交量高出42%。</blockquote> But after reporting&nbsp;third-quarter results&nbsp;late that day, AFRM went into bungee cord-jumping mode. Shares rose as much as 24% intraday on Nov. 11, then settled at 151.83. Good for a 13.7% gain. As the accompanying daily chart shows, volume soared again. This time, turnover bolted more than double its usual level.<blockquote>但在当天晚些时候公布第三季度业绩后，AFRM 进入了蹦极模式。11 月 11 日盘中上涨 24%，随后收于 151.83 点。有利于上涨 13.7%。正如随附的日线图所示，成交量再次飙升。这一次，成交额比平时增加了一倍多。</blockquote> Sellers are back in charge lately.<blockquote>卖家最近又重新掌权了。</blockquote> And after sinking more than 10% in heavy trading Thursday, AFRM fell another 2% after hours on news that the Consumer Financial Protection Bureau is conducting a probe of BNPL firms. Dow Jones reports that federal regulators are investigating Affirm, Klarna Bank, Afterpay and other competitors for the first time.<blockquote>在周四交易活跃中下跌超过 10% 后，由于消费者金融保护局正在对 BNPL 公司进行调查的消息，AFRM 盘后又下跌 2%。道琼斯报道称，联邦监管机构正在首次调查 Affirm、Klarna Bank、Afterpay 和其他竞争对手。</blockquote> Yet before the recent sell-off, AFRM stock was showing troublesome technical action on its stock chart.<blockquote>然而，在最近的抛售之前，AFRM 股票在其股票图表上显示出麻烦的技术走势。</blockquote> On Nov. 29, an early gain of as much as 2.5% melted into a disappointing loss of 3.5%. The stock clearly gotten turned away at a critical technical level on its chart,the 50-day moving average.<blockquote>11 月 29 日，早些时候高达 2.5% 的涨幅变成了令人失望的 3.5% 的跌幅。该股显然在其图表上的关键技术水平，即 50 天移动平均线上被拒之门外。</blockquote> The fintech company, started by Max Levchin, entrepreneur and member of the so-called \"PayPal mafia\" of Silicon Valley fame, still sports an enviable gain of 97% from its initial public offering at $49 a share in January. However, AFRM shares fell hard recently on news of a convertible debt offering. Shares continue to test 100, a key psychological price level.<blockquote>这家金融科技公司由企业家、硅谷著名的所谓“PayPal黑手党”成员 Max Levchin 创办，自 1 月份以每股 49 美元的价格首次公开募股以来，仍取得了令人羡慕的 97% 涨幅。然而，由于可转换债券发行的消息，AFRM 股价最近大幅下跌。股价继续测试 100，这是一个关键的心理价格水平。</blockquote> On Nov. 18, Affirm priced its $1.5 billion offering of convertible debt with a 0% coupon, maturing in November 2026. The zero coupon means note holders will not receive regular interest. Affirm says it may not redeem the notes prior to Nov. 20, 2024.<blockquote>11 月 18 日，Affirm 对其 15 亿美元的可转换债券进行了定价，票面率为 0%，将于 2026 年 11 月到期。零息意味着票据持有人将不会收到定期利息。Affirm 表示可能不会在 2024 年 11 月 20 日之前赎回这些票据。</blockquote> At $1.5 billion, it represented 4% of the total stock market value of the company.<blockquote>15亿美元，占公司股票总市值的4%。</blockquote> Is Affirm Stock A Buy Now?<blockquote>Affirm股票现在值得买入吗？</blockquote> Should bullish investors in Affirm consider the current pullback a golden opportunity? Or given the big run-up already, is it actually a sell?<blockquote>Affirm 的看涨投资者是否应该将当前的回调视为千载难逢的机会？或者考虑到已经大幅上涨，这实际上是卖出吗？</blockquote> This story addresses aspects of&nbsp;IBD's CAN SLIM investment paradigm, coined by the legendary growth stock trader and founder of Investor's Business Daily,William O'Neil. So, we'll analyze the potential investment from multiple viewpoints: fundamental, technical and the quantity and quality of institutional ownership.<blockquote>这个故事讲述了IBD的CAN SLIM投资范式的各个方面，该范式是由传奇的成长型股票交易员和《投资者商业日报》的创始人威廉·奥尼尔创造的。因此，我们将从多个角度分析潜在投资：基本面、技术面以及机构所有权的数量和质量。</blockquote> Without all three positive elements in place, a growth investor sports a smaller chance of reaping an outstanding market-beating gain over the long run.<blockquote>如果没有所有三个积极因素，成长型投资者从长远来看获得跑赢市场的出色收益的机会就会较小。</blockquote> Affirm Stock Today: The IBD Ratings Picture<blockquote>今日肯定股票：IBD 评级图片</blockquote> IBD Stock Checkup&nbsp;shows Affirm's&nbsp;Composite Rating&nbsp;keeps falling, now at 32 on a scale of 1 to 99.<blockquote>IBD 股票检查显示 Affirm 的综合评级持续下降，目前在 1 到 99 的范围内为 32。</blockquote> That score compares unfavorably with Affirm's industry peers in consumer credit and banking giants, includingAmerican Express(AXP) (a weakening 76 Composite score),Goldman Sachs(GS) (89 Composite) and&nbsp;Mastercard(MA) (70 Composite). Affirm's Composite also now trails a 44 rating for&nbsp;PayPal(PYPL), a struggling former member of&nbsp;IBD Long-Term Leaders&nbsp;and former member of&nbsp;IBD Big Cap 20.<blockquote>与 Affirm 在消费信贷和银行巨头中的行业同行相比，这一分数处于不利地位，包括美国运通（AXP）（综合得分减弱76），高盛（GS）（89复合）及万事达卡（MA）（70复合）。Affirm 的综合指数目前也落后于 44 的评级PayPal（PYPL），IBD长期领袖的挣扎前成员，IBD大盘股20的前成员。</blockquote> Ideally, focus on companies with a 90 Composite or higher. However, newer issues often have no earnings history or a very slim record of profitability. For Affirm, the San Francisco-based company lost $1.75 a share in fiscal 2021, ended in June. The Street sees more net losses in FY 2022 (-$1.70) and FY 2023 (-$1.16).<blockquote>理想情况下，重点关注综合指数为 90 或更高的公司。然而，较新的发行通常没有盈利历史或盈利记录非常微薄。对于 Affirm 来说，这家总部位于旧金山的公司在截至 6 月的 2021 财年每股亏损 1.75 美元。华尔街预计 2022 财年（-1.70 美元）和 2023 财年（-1.16 美元）将出现更多净亏损。</blockquote> According to MarketSmith, Affirm now has 281 million shares outstanding.<blockquote>根据 MarketSmith 的数据，Affirm 目前拥有 2.81 亿股流通股。</blockquote> On the positive side, Affirm is growing the top line at lightning pace; revenues have grown 86%, 89%, 120%, 98%, 57%, 67%, 71% and 55% vs. year-ago levels in the past eight quarters. In the September-ended quarter, the top line hit a record $269.4 million.<blockquote>从积极的一面来看，Affirm 正在以闪电般的速度增长营收；过去八个季度，收入较去年同期增长了 86%、89%、120%、98%、57%、67%、71% 和 55%。在截至 9 月份的季度，营收达到创纪录的 2.694 亿美元。</blockquote> \"Legacy payment options, archaic systems, and traditional risk and credit underwriting models can be harmful, deceptive, and restrictive to both consumers and merchants,\" the company wrote in its 424b IPO prospectus, filed with the Securities &amp; Exchange Commission.\" We believe that they are not well-suited for increasingly digital and mobile-first commerce, and are built on legacy infrastructure that does not support the innovation required for modern commerce to evolve and flourish. Our platform is designed to address these problems.\"<blockquote>该公司在向美国证券交易委员会提交的 424b IPO 招股说明书中写道：“传统的支付选项、过时的系统以及传统的风险和信用承销模式可能对消费者和商家有害、具有欺骗性和限制性。”我们认为，它们不太适合日益数字化和移动优先的商务，并且建立在遗留基础设施上，不支持现代商务发展和繁荣所需的创新。我们的平台旨在解决这些问题。”</blockquote> The company charges zero late fees. As of June 30, Affirm counts at least 10 million customers.<blockquote>该公司收取零滞纳金。截至 6 月 30 日，Affirm 拥有至少 1000 万客户。</blockquote> In its Nov. 10 news release on September fiscal Q1 results, Affirm noted an 84% boost in gross merchandise volume vs. a year earlier to $2.7 billion. Active merchants soared from 6,500 to 102,000, due in large part to the adoption of Shop Pay Installments by merchants on Shopify's platform. And active consumers grew 124% to 8.7 million.<blockquote>在 11 月 10 日发布的有关 9 月份第一财季业绩的新闻稿中，Affirm 指出，商品总量较去年同期增长了 84%，达到 27 亿美元。活跃商家从 6,500 家飙升至 102,000 家，这在很大程度上是由于 Shopify 平台上的商家采用了商店支付分期付款。活跃消费者增长 124%，达到 870 万。</blockquote> Affirm's&nbsp;Relative Strength Rating&nbsp;is trying to stabilize at 80 on a scale of 1 to 99. Translation: AFRM is still outperforming 80% of all companies in the IBD database over the past 12 months. Now, keep in mind that AFRM has not yet traded a full 12 months. But the RS Rating also places extra weighting on three-month price performance.<blockquote>Affirm 的相对强度评级正试图在 1 到 99 的范围内稳定在 80。翻译：在过去的 12 个月里，AFRM 的表现仍然优于 IBD 数据库中 80% 的公司。现在，请记住，AFRM 还没有整整 12 个月的交易。但 RS 评级也对三个月的价格表现给予了额外的权重。</blockquote> According to MarketSmith data, the 3-month RS Rating shows an unsavory score of 6.<blockquote>根据 MarketSmith 数据，3 个月 RS 评级显示令人不快的 6 分。</blockquote> Mutual fund ownership keeps rising fast. The total has jumped to as high as 342 funds at the end of Q3 this year vs. 255 in June. Bullish. You want to see increasing institutional sponsorship. That's one hallmark of&nbsp;the I in CAN SLIM.<blockquote>共同基金所有权持续快速增长。截至今年第三季度末，基金总数已跃升至 342 只，而 6 月份为 255 只。看涨的。你希望看到越来越多的机构赞助。这是I in CAN SLIM的一个标志。</blockquote> When investing in a growth stock, make sure it has solid company. Does it belong to a leading sector in the stock market itself? You can see the top performing sectors on a daily basis within IBD's stock research tables via&nbsp;IBD Data Tables.<blockquote>投资成长型股票时，确保它有可靠的公司。是否属于股市本身的龙头板块？您可以通过 IBD 数据表在 IBD 股票研究表中查看每日表现最佳的板块。</blockquote> Overall, that's pretty much the case for Affirm. While its credit card payment and processing industry group ranks in the bottom half of&nbsp;197 IBD industry groups&nbsp;for six-month price performance, the finance sector currently ranks just outside the top 10 among 33 sectors in the&nbsp;IBD stock research tables at Investors.com.<blockquote>总的来说，Affirm 的情况几乎就是如此。虽然其信用卡支付和处理行业集团的六个月价格表现在 197 个 IBD 行业集团中排名下半，但金融业目前在 IBD 股票研究表中的 33 个行业中仅排在前 10 名之外。</blockquote> Affirm Stock: Proper Buy Points<blockquote>Affirm 股票：适当的买入点</blockquote> <img src=\"https://static.tigerbbs.com/c905eccdd03b1c977b3adb4da5d53e46\" tg-width=\"415\" tg-height=\"686\" width=\"100%\" height=\"auto\"><blockquote></blockquote> Soon after going public on the Nasdaq, Affirm's stock price corrected in a huge way after its breakout attempt past a 138.08&nbsp;correct buy point&nbsp;in anarrow IPO base&nbsp;imploded. As you can see on the daily chart, in early February the large cap failed to get much traction after clearing the base's left-side high of 137.98.<blockquote>在纳斯达克上市后不久，Affirm 的股价在突破 anarrow IPO 基础上的 138.08 正确买入点后出现大幅回调。从日线图上可以看到，2月初，大盘股在突破底部左侧高点137.98后未能获得太多牵引力。</blockquote> Then it tanked just days later. This negative price action triggered&nbsp;the golden rule of investing: cut your losses short. By saving precious capital, you insure the portfolio from a devastating loss. And you ensure the opportunity to invest in a better stock or the same stock in stronger market conditions.<blockquote>几天后它就沉没了。这种负面价格行为触发了投资的黄金法则：减少损失。通过节省宝贵的资本，您可以确保投资组合免受毁灭性损失。并且您可以确保有机会在更强的市场条件下投资更好的股票或相同的股票。</blockquote> For Affirm stock, the new opportunity came in September.<blockquote>对于 Affirm 股票来说，新的机会出现在 9 月份。</blockquote> After falling as much as 68% from its 146.90 peak, AFRM bottomed out at 46.50 in May, then began to rise slowly. It took months for the stock to begin building the right side of a&nbsp;promising new chart pattern. But it eventually crossed above the 50-day moving average and stayed above it.<blockquote>AFRM 从 146.90 的峰值下跌 68%，5 月份触底至 46.50，然后开始缓慢上涨。该股花了几个月的时间才开始构建一个有希望的新图表模式的右侧。但最终突破50日均线并保持在该均线之上。</blockquote> On Aug. 30, shares gapped up in bullish fashion. A 46% gain in the heaviest volume in the stock's history catapulted Affirm to a five-month high, thanks to a&nbsp;business tie-up with an e-commerce titan. The next several days saw the stock tilt lower in mild fashion. Volume was still heavy, but declined from the mega-active day of Aug. 30.<blockquote>8月30日，股价以看涨方式跳空。由于与一家电子商务巨头的业务合作，该股历史上最大的成交量上涨了 46%，将 Affirm 推至五个月高点。接下来的几天，该股小幅走低。成交量仍然很大，但较 8 月 30 日这个超级活跃的日子有所下降。</blockquote> This constructive price action created a&nbsp;handle on the deep cup.<blockquote>这种建设性的价格行为在深杯中创造了一个把手。</blockquote> View a handle as a final shakeout of uncommitted, weak shareholders. Those shares move to firmer hands. The handle clears the deck for a breakout — that is, a strong move to new highs once fresh institutional demand crowds the market for Affirm stock.<blockquote>将处置视为对未承诺、软弱的股东的最终淘汰。这些股票会落入更坚定的手中。这个把手为突破扫清了障碍——也就是说，一旦新的机构需求涌入市场，Affirm 股票就会强劲走向新高。</blockquote> AFRM Stock: Round-Trip Sell Rule<blockquote>AFRM 股票：往返卖出规则</blockquote> <img src=\"https://static.tigerbbs.com/ad4200b38bd5219de654db543a0c4bbd\" tg-width=\"1206\" tg-height=\"623\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><blockquote></blockquote> On Sept. 10, Affirm stock broke out past the&nbsp;handle buy point&nbsp;of 101.10 on second-quarter results. Volume surged again. This move stoked AFRM's&nbsp;first breakout&nbsp;and legitimate buy opportunity.<blockquote>9 月 10 日，Affirm 股票在第二季度业绩中突破了 101.10 的买入点。成交量再次飙升。此举激发了 AFRM 的首次突破和合法买入机会。</blockquote> Two separate pullbacks in September and early October created additional handle entries. Why? AFRM was still trading beneath the deep cup pattern's left-side peak of 146.90.<blockquote>9 月份和 10 月初的两次独立回调创造了额外的处理条目。为什么？AFRM 的交易价格仍低于深杯形态左侧峰值 146.90。</blockquote> Thus, new entry points at 126.56 (10 cents above the Sept. 10 peak) and 133.27 (a dime above the Sept. 24 high) gave traders another timely chance to buy on strength.Always buy within the 5% buy zone after a breakout.<blockquote>因此，新的入场点 126.56（比 9 月 10 日高点高出 10 美分）和 133.27（比 9 月 24 日高点高出 1 美分）为交易者提供了另一个趁势买入的及时机会。突破后始终在 5% 买入区域内买入。</blockquote> However, the current downdraft has resulted in a round trip of gains from these latest buy points.&nbsp;This action brings up&nbsp;one important IBD sell rule: Do not allow a superb gain of 10%, 20% or more turn into a loss.<blockquote>然而，当前的下跌导致了这些最新买点的一轮涨幅。这一行动提出了一个重要的IBD卖出规则：不要让10%、20%或更多的惊人收益变成亏损。</blockquote> <img src=\"https://static.tigerbbs.com/6c83618f3d970f37f2e909fa5fb519ea\" tg-width=\"617\" tg-height=\"646\" width=\"100%\" height=\"auto\"><blockquote></blockquote> A Future Follow-On Entry?<blockquote>未来的后续条目？</blockquote> A fresh pullback to the&nbsp;50-day moving average, or to the 10-week line on a weekly chart, normally offers a&nbsp;follow-on buy point&nbsp;after a successful breakout. In such a situation, you want to buy as close as possible to the actual 50-day or 10-week itself.<blockquote>新回调至 50 天移动平均线或周线上的 10 周线通常会在成功突破后提供后续买点。在这种情况下，您希望买入尽可能接近实际的 50 天或 10 周。</blockquote> The 10-week moving average&nbsp;recently climbed to as high as 143. Buying within 5% to 10% of this price level is acceptable — but only if&nbsp;IBD says the market is in a confirmed uptrend. You want the market acting as a tailwind, not a headwind. And you want to&nbsp;see the stock rallying first. But AFRM has now closed four straight weeks below its 10-week line.<blockquote>10周移动平均线最近攀升至143。在该价格水平的 5% 到 10% 内购买是可以接受的，但前提是 IBD 表示市场已确认处于上升趋势。你希望市场充当顺风，而不是逆风。你希望看到股票先反弹。但 AFRM 现已连续四周收盘价低于 10 周线。</blockquote> <img src=\"https://static.tigerbbs.com/41d563b51d6fb3fdb46856b1be7b4be8\" tg-width=\"1212\" tg-height=\"594\" width=\"100%\" height=\"auto\"><blockquote></blockquote> So at this point, Affirm stock is not a buy.<blockquote>因此，在这一点上，Affirm 股票不值得买入。</blockquote> Ideally, you want to wait until the stock begins to rally again and clear the 10-week moving average with gusto before deploying your hard-earned capital. In other words, buy on strength, not on the way down.<blockquote>理想情况下，您应该等到股票再次开始反弹并兴高采烈地清除 10 周移动平均线后再部署您辛苦赚来的资本。换句话说，根据实力买入，而不是在下跌过程中买入。</blockquote> Without question, Affirm stock has&nbsp;entered a base-building mode.<blockquote>毫无疑问，Affirm stock 已进入筑基模式。</blockquote> A continued drop through the 50-day line and the 10-week moving average spurs another&nbsp;defensive sell rule to lock in profits. After all, AFRM has made an impressive short-term rally, up 160% from its Aug. 27 close at 67.90 to its all-time high of 176.65 in less than 11 weeks.<blockquote>50日线和10周移动平均线的持续下跌刺激了另一个防御性卖出规则来锁定利润。毕竟，AFRM 的短期反弹令人印象深刻，在不到 11 周的时间里，从 8 月 27 日收盘价 67.90 点上涨 160%，至 176.65 点的历史高点。</blockquote> For now, AFRM still holds above its recently formed 200-day moving average. A break through this&nbsp;long-term technical level&nbsp;would make the current slide even more bearish.<blockquote>目前，AFRM 仍高于最近形成的 200 日移动平均线。突破这一长期技术水平将使当前的下滑更加悲观。</blockquote> And most importantly? After any new buy, be sure to manage risk appropriately.Keeping losses manageable, ideally at no more than 8% from your purchase price, allows you stay solvent and in the game. It's far easier to recover from a&nbsp;7%-8% loss&nbsp;than a 25% or 50% deficit. Given AFRM's heavy price volatility, you can also&nbsp;structure your position&nbsp;so that even a 10% loss does not result in more than 1% hit to the overall portfolio.<blockquote>最重要的是？购买任何新商品后，一定要适当管理风险。保持损失可控，最好不超过购买价格的8%，可以让你保持偿付能力并参与游戏。从7%-8%的损失中恢复比从25%或50%的赤字中恢复要容易得多。鉴于 AFRM 的剧烈价格波动，您还可以构建头寸，以便即使 10% 的损失也不会对整个投资组合造成超过 1% 的打击。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is AFRM A Buy Now Or A Sell? What Affirm's Fundamentals, IBD Ratings, Stock Chart Say<blockquote>AFRM 是现在买入还是卖出？Affirm 的基本面、IBD 评级、股票图表怎么说</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs AFRM A Buy Now Or A Sell? What Affirm's Fundamentals, IBD Ratings, Stock Chart Say<blockquote>AFRM 是现在买入还是卖出？Affirm 的基本面、IBD 评级、股票图表怎么说</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nInvestors \n2021-12-21 14:09\n</div>\n</div>\n</h4>\n</header>\n<article>\nWhen it comes to investing in new fintech companies and the&nbsp;financing concept of BNPL— buy now, pay later — Affirm stock comes immediately to mind. So does its recent large price swings.<blockquote>当谈到投资新的金融科技公司和BNPL的融资概念——先买后付——Affirm stock立即浮现在脑海中。其最近的大幅价格波动也是如此。</blockquote> Affirm(AFRM) likely scared the wits of shareholders on Nov. 10.<blockquote>申明(AFRM) 可能在 11 月 10 日吓坏了股东。</blockquote> The stock nose-dived 15% in the heaviest volume in more than three weeks. And 22.5 million shares exchanged hands that day, 42% above its average turnover over the past 50 sessions.<blockquote>该股暴跌 15%，创三周多来最大成交量。当天有2250万股股票易手，比过去50个交易日的平均成交量高出42%。</blockquote> But after reporting&nbsp;third-quarter results&nbsp;late that day, AFRM went into bungee cord-jumping mode. Shares rose as much as 24% intraday on Nov. 11, then settled at 151.83. Good for a 13.7% gain. As the accompanying daily chart shows, volume soared again. This time, turnover bolted more than double its usual level.<blockquote>但在当天晚些时候公布第三季度业绩后，AFRM 进入了蹦极模式。11 月 11 日盘中上涨 24%，随后收于 151.83 点。有利于上涨 13.7%。正如随附的日线图所示，成交量再次飙升。这一次，成交额比平时增加了一倍多。</blockquote> Sellers are back in charge lately.<blockquote>卖家最近又重新掌权了。</blockquote> And after sinking more than 10% in heavy trading Thursday, AFRM fell another 2% after hours on news that the Consumer Financial Protection Bureau is conducting a probe of BNPL firms. Dow Jones reports that federal regulators are investigating Affirm, Klarna Bank, Afterpay and other competitors for the first time.<blockquote>在周四交易活跃中下跌超过 10% 后，由于消费者金融保护局正在对 BNPL 公司进行调查的消息，AFRM 盘后又下跌 2%。道琼斯报道称，联邦监管机构正在首次调查 Affirm、Klarna Bank、Afterpay 和其他竞争对手。</blockquote> Yet before the recent sell-off, AFRM stock was showing troublesome technical action on its stock chart.<blockquote>然而，在最近的抛售之前，AFRM 股票在其股票图表上显示出麻烦的技术走势。</blockquote> On Nov. 29, an early gain of as much as 2.5% melted into a disappointing loss of 3.5%. The stock clearly gotten turned away at a critical technical level on its chart,the 50-day moving average.<blockquote>11 月 29 日，早些时候高达 2.5% 的涨幅变成了令人失望的 3.5% 的跌幅。该股显然在其图表上的关键技术水平，即 50 天移动平均线上被拒之门外。</blockquote> The fintech company, started by Max Levchin, entrepreneur and member of the so-called \"PayPal mafia\" of Silicon Valley fame, still sports an enviable gain of 97% from its initial public offering at $49 a share in January. However, AFRM shares fell hard recently on news of a convertible debt offering. Shares continue to test 100, a key psychological price level.<blockquote>这家金融科技公司由企业家、硅谷著名的所谓“PayPal黑手党”成员 Max Levchin 创办，自 1 月份以每股 49 美元的价格首次公开募股以来，仍取得了令人羡慕的 97% 涨幅。然而，由于可转换债券发行的消息，AFRM 股价最近大幅下跌。股价继续测试 100，这是一个关键的心理价格水平。</blockquote> On Nov. 18, Affirm priced its $1.5 billion offering of convertible debt with a 0% coupon, maturing in November 2026. The zero coupon means note holders will not receive regular interest. Affirm says it may not redeem the notes prior to Nov. 20, 2024.<blockquote>11 月 18 日，Affirm 对其 15 亿美元的可转换债券进行了定价，票面率为 0%，将于 2026 年 11 月到期。零息意味着票据持有人将不会收到定期利息。Affirm 表示可能不会在 2024 年 11 月 20 日之前赎回这些票据。</blockquote> At $1.5 billion, it represented 4% of the total stock market value of the company.<blockquote>15亿美元，占公司股票总市值的4%。</blockquote> Is Affirm Stock A Buy Now?<blockquote>Affirm股票现在值得买入吗？</blockquote> Should bullish investors in Affirm consider the current pullback a golden opportunity? Or given the big run-up already, is it actually a sell?<blockquote>Affirm 的看涨投资者是否应该将当前的回调视为千载难逢的机会？或者考虑到已经大幅上涨，这实际上是卖出吗？</blockquote> This story addresses aspects of&nbsp;IBD's CAN SLIM investment paradigm, coined by the legendary growth stock trader and founder of Investor's Business Daily,William O'Neil. So, we'll analyze the potential investment from multiple viewpoints: fundamental, technical and the quantity and quality of institutional ownership.<blockquote>这个故事讲述了IBD的CAN SLIM投资范式的各个方面，该范式是由传奇的成长型股票交易员和《投资者商业日报》的创始人威廉·奥尼尔创造的。因此，我们将从多个角度分析潜在投资：基本面、技术面以及机构所有权的数量和质量。</blockquote> Without all three positive elements in place, a growth investor sports a smaller chance of reaping an outstanding market-beating gain over the long run.<blockquote>如果没有所有三个积极因素，成长型投资者从长远来看获得跑赢市场的出色收益的机会就会较小。</blockquote> Affirm Stock Today: The IBD Ratings Picture<blockquote>今日肯定股票：IBD 评级图片</blockquote> IBD Stock Checkup&nbsp;shows Affirm's&nbsp;Composite Rating&nbsp;keeps falling, now at 32 on a scale of 1 to 99.<blockquote>IBD 股票检查显示 Affirm 的综合评级持续下降，目前在 1 到 99 的范围内为 32。</blockquote> That score compares unfavorably with Affirm's industry peers in consumer credit and banking giants, includingAmerican Express(AXP) (a weakening 76 Composite score),Goldman Sachs(GS) (89 Composite) and&nbsp;Mastercard(MA) (70 Composite). Affirm's Composite also now trails a 44 rating for&nbsp;PayPal(PYPL), a struggling former member of&nbsp;IBD Long-Term Leaders&nbsp;and former member of&nbsp;IBD Big Cap 20.<blockquote>与 Affirm 在消费信贷和银行巨头中的行业同行相比，这一分数处于不利地位，包括美国运通（AXP）（综合得分减弱76），高盛（GS）（89复合）及万事达卡（MA）（70复合）。Affirm 的综合指数目前也落后于 44 的评级PayPal（PYPL），IBD长期领袖的挣扎前成员，IBD大盘股20的前成员。</blockquote> Ideally, focus on companies with a 90 Composite or higher. However, newer issues often have no earnings history or a very slim record of profitability. For Affirm, the San Francisco-based company lost $1.75 a share in fiscal 2021, ended in June. The Street sees more net losses in FY 2022 (-$1.70) and FY 2023 (-$1.16).<blockquote>理想情况下，重点关注综合指数为 90 或更高的公司。然而，较新的发行通常没有盈利历史或盈利记录非常微薄。对于 Affirm 来说，这家总部位于旧金山的公司在截至 6 月的 2021 财年每股亏损 1.75 美元。华尔街预计 2022 财年（-1.70 美元）和 2023 财年（-1.16 美元）将出现更多净亏损。</blockquote> According to MarketSmith, Affirm now has 281 million shares outstanding.<blockquote>根据 MarketSmith 的数据，Affirm 目前拥有 2.81 亿股流通股。</blockquote> On the positive side, Affirm is growing the top line at lightning pace; revenues have grown 86%, 89%, 120%, 98%, 57%, 67%, 71% and 55% vs. year-ago levels in the past eight quarters. In the September-ended quarter, the top line hit a record $269.4 million.<blockquote>从积极的一面来看，Affirm 正在以闪电般的速度增长营收；过去八个季度，收入较去年同期增长了 86%、89%、120%、98%、57%、67%、71% 和 55%。在截至 9 月份的季度，营收达到创纪录的 2.694 亿美元。</blockquote> \"Legacy payment options, archaic systems, and traditional risk and credit underwriting models can be harmful, deceptive, and restrictive to both consumers and merchants,\" the company wrote in its 424b IPO prospectus, filed with the Securities &amp; Exchange Commission.\" We believe that they are not well-suited for increasingly digital and mobile-first commerce, and are built on legacy infrastructure that does not support the innovation required for modern commerce to evolve and flourish. Our platform is designed to address these problems.\"<blockquote>该公司在向美国证券交易委员会提交的 424b IPO 招股说明书中写道：“传统的支付选项、过时的系统以及传统的风险和信用承销模式可能对消费者和商家有害、具有欺骗性和限制性。”我们认为，它们不太适合日益数字化和移动优先的商务，并且建立在遗留基础设施上，不支持现代商务发展和繁荣所需的创新。我们的平台旨在解决这些问题。”</blockquote> The company charges zero late fees. As of June 30, Affirm counts at least 10 million customers.<blockquote>该公司收取零滞纳金。截至 6 月 30 日，Affirm 拥有至少 1000 万客户。</blockquote> In its Nov. 10 news release on September fiscal Q1 results, Affirm noted an 84% boost in gross merchandise volume vs. a year earlier to $2.7 billion. Active merchants soared from 6,500 to 102,000, due in large part to the adoption of Shop Pay Installments by merchants on Shopify's platform. And active consumers grew 124% to 8.7 million.<blockquote>在 11 月 10 日发布的有关 9 月份第一财季业绩的新闻稿中，Affirm 指出，商品总量较去年同期增长了 84%，达到 27 亿美元。活跃商家从 6,500 家飙升至 102,000 家，这在很大程度上是由于 Shopify 平台上的商家采用了商店支付分期付款。活跃消费者增长 124%，达到 870 万。</blockquote> Affirm's&nbsp;Relative Strength Rating&nbsp;is trying to stabilize at 80 on a scale of 1 to 99. Translation: AFRM is still outperforming 80% of all companies in the IBD database over the past 12 months. Now, keep in mind that AFRM has not yet traded a full 12 months. But the RS Rating also places extra weighting on three-month price performance.<blockquote>Affirm 的相对强度评级正试图在 1 到 99 的范围内稳定在 80。翻译：在过去的 12 个月里，AFRM 的表现仍然优于 IBD 数据库中 80% 的公司。现在，请记住，AFRM 还没有整整 12 个月的交易。但 RS 评级也对三个月的价格表现给予了额外的权重。</blockquote> According to MarketSmith data, the 3-month RS Rating shows an unsavory score of 6.<blockquote>根据 MarketSmith 数据，3 个月 RS 评级显示令人不快的 6 分。</blockquote> Mutual fund ownership keeps rising fast. The total has jumped to as high as 342 funds at the end of Q3 this year vs. 255 in June. Bullish. You want to see increasing institutional sponsorship. That's one hallmark of&nbsp;the I in CAN SLIM.<blockquote>共同基金所有权持续快速增长。截至今年第三季度末，基金总数已跃升至 342 只，而 6 月份为 255 只。看涨的。你希望看到越来越多的机构赞助。这是I in CAN SLIM的一个标志。</blockquote> When investing in a growth stock, make sure it has solid company. Does it belong to a leading sector in the stock market itself? You can see the top performing sectors on a daily basis within IBD's stock research tables via&nbsp;IBD Data Tables.<blockquote>投资成长型股票时，确保它有可靠的公司。是否属于股市本身的龙头板块？您可以通过 IBD 数据表在 IBD 股票研究表中查看每日表现最佳的板块。</blockquote> Overall, that's pretty much the case for Affirm. While its credit card payment and processing industry group ranks in the bottom half of&nbsp;197 IBD industry groups&nbsp;for six-month price performance, the finance sector currently ranks just outside the top 10 among 33 sectors in the&nbsp;IBD stock research tables at Investors.com.<blockquote>总的来说，Affirm 的情况几乎就是如此。虽然其信用卡支付和处理行业集团的六个月价格表现在 197 个 IBD 行业集团中排名下半，但金融业目前在 IBD 股票研究表中的 33 个行业中仅排在前 10 名之外。</blockquote> Affirm Stock: Proper Buy Points<blockquote>Affirm 股票：适当的买入点</blockquote> <img src=\"https://static.tigerbbs.com/c905eccdd03b1c977b3adb4da5d53e46\" tg-width=\"415\" tg-height=\"686\" width=\"100%\" height=\"auto\"><blockquote></blockquote> Soon after going public on the Nasdaq, Affirm's stock price corrected in a huge way after its breakout attempt past a 138.08&nbsp;correct buy point&nbsp;in anarrow IPO base&nbsp;imploded. As you can see on the daily chart, in early February the large cap failed to get much traction after clearing the base's left-side high of 137.98.<blockquote>在纳斯达克上市后不久，Affirm 的股价在突破 anarrow IPO 基础上的 138.08 正确买入点后出现大幅回调。从日线图上可以看到，2月初，大盘股在突破底部左侧高点137.98后未能获得太多牵引力。</blockquote> Then it tanked just days later. This negative price action triggered&nbsp;the golden rule of investing: cut your losses short. By saving precious capital, you insure the portfolio from a devastating loss. And you ensure the opportunity to invest in a better stock or the same stock in stronger market conditions.<blockquote>几天后它就沉没了。这种负面价格行为触发了投资的黄金法则：减少损失。通过节省宝贵的资本，您可以确保投资组合免受毁灭性损失。并且您可以确保有机会在更强的市场条件下投资更好的股票或相同的股票。</blockquote> For Affirm stock, the new opportunity came in September.<blockquote>对于 Affirm 股票来说，新的机会出现在 9 月份。</blockquote> After falling as much as 68% from its 146.90 peak, AFRM bottomed out at 46.50 in May, then began to rise slowly. It took months for the stock to begin building the right side of a&nbsp;promising new chart pattern. But it eventually crossed above the 50-day moving average and stayed above it.<blockquote>AFRM 从 146.90 的峰值下跌 68%，5 月份触底至 46.50，然后开始缓慢上涨。该股花了几个月的时间才开始构建一个有希望的新图表模式的右侧。但最终突破50日均线并保持在该均线之上。</blockquote> On Aug. 30, shares gapped up in bullish fashion. A 46% gain in the heaviest volume in the stock's history catapulted Affirm to a five-month high, thanks to a&nbsp;business tie-up with an e-commerce titan. The next several days saw the stock tilt lower in mild fashion. Volume was still heavy, but declined from the mega-active day of Aug. 30.<blockquote>8月30日，股价以看涨方式跳空。由于与一家电子商务巨头的业务合作，该股历史上最大的成交量上涨了 46%，将 Affirm 推至五个月高点。接下来的几天，该股小幅走低。成交量仍然很大，但较 8 月 30 日这个超级活跃的日子有所下降。</blockquote> This constructive price action created a&nbsp;handle on the deep cup.<blockquote>这种建设性的价格行为在深杯中创造了一个把手。</blockquote> View a handle as a final shakeout of uncommitted, weak shareholders. Those shares move to firmer hands. The handle clears the deck for a breakout — that is, a strong move to new highs once fresh institutional demand crowds the market for Affirm stock.<blockquote>将处置视为对未承诺、软弱的股东的最终淘汰。这些股票会落入更坚定的手中。这个把手为突破扫清了障碍——也就是说，一旦新的机构需求涌入市场，Affirm 股票就会强劲走向新高。</blockquote> AFRM Stock: Round-Trip Sell Rule<blockquote>AFRM 股票：往返卖出规则</blockquote> <img src=\"https://static.tigerbbs.com/ad4200b38bd5219de654db543a0c4bbd\" tg-width=\"1206\" tg-height=\"623\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><blockquote></blockquote> On Sept. 10, Affirm stock broke out past the&nbsp;handle buy point&nbsp;of 101.10 on second-quarter results. Volume surged again. This move stoked AFRM's&nbsp;first breakout&nbsp;and legitimate buy opportunity.<blockquote>9 月 10 日，Affirm 股票在第二季度业绩中突破了 101.10 的买入点。成交量再次飙升。此举激发了 AFRM 的首次突破和合法买入机会。</blockquote> Two separate pullbacks in September and early October created additional handle entries. Why? AFRM was still trading beneath the deep cup pattern's left-side peak of 146.90.<blockquote>9 月份和 10 月初的两次独立回调创造了额外的处理条目。为什么？AFRM 的交易价格仍低于深杯形态左侧峰值 146.90。</blockquote> Thus, new entry points at 126.56 (10 cents above the Sept. 10 peak) and 133.27 (a dime above the Sept. 24 high) gave traders another timely chance to buy on strength.Always buy within the 5% buy zone after a breakout.<blockquote>因此，新的入场点 126.56（比 9 月 10 日高点高出 10 美分）和 133.27（比 9 月 24 日高点高出 1 美分）为交易者提供了另一个趁势买入的及时机会。突破后始终在 5% 买入区域内买入。</blockquote> However, the current downdraft has resulted in a round trip of gains from these latest buy points.&nbsp;This action brings up&nbsp;one important IBD sell rule: Do not allow a superb gain of 10%, 20% or more turn into a loss.<blockquote>然而，当前的下跌导致了这些最新买点的一轮涨幅。这一行动提出了一个重要的IBD卖出规则：不要让10%、20%或更多的惊人收益变成亏损。</blockquote> <img src=\"https://static.tigerbbs.com/6c83618f3d970f37f2e909fa5fb519ea\" tg-width=\"617\" tg-height=\"646\" width=\"100%\" height=\"auto\"><blockquote></blockquote> A Future Follow-On Entry?<blockquote>未来的后续条目？</blockquote> A fresh pullback to the&nbsp;50-day moving average, or to the 10-week line on a weekly chart, normally offers a&nbsp;follow-on buy point&nbsp;after a successful breakout. In such a situation, you want to buy as close as possible to the actual 50-day or 10-week itself.<blockquote>新回调至 50 天移动平均线或周线上的 10 周线通常会在成功突破后提供后续买点。在这种情况下，您希望买入尽可能接近实际的 50 天或 10 周。</blockquote> The 10-week moving average&nbsp;recently climbed to as high as 143. Buying within 5% to 10% of this price level is acceptable — but only if&nbsp;IBD says the market is in a confirmed uptrend. You want the market acting as a tailwind, not a headwind. And you want to&nbsp;see the stock rallying first. But AFRM has now closed four straight weeks below its 10-week line.<blockquote>10周移动平均线最近攀升至143。在该价格水平的 5% 到 10% 内购买是可以接受的，但前提是 IBD 表示市场已确认处于上升趋势。你希望市场充当顺风，而不是逆风。你希望看到股票先反弹。但 AFRM 现已连续四周收盘价低于 10 周线。</blockquote> <img src=\"https://static.tigerbbs.com/41d563b51d6fb3fdb46856b1be7b4be8\" tg-width=\"1212\" tg-height=\"594\" width=\"100%\" height=\"auto\"><blockquote></blockquote> So at this point, Affirm stock is not a buy.<blockquote>因此，在这一点上，Affirm 股票不值得买入。</blockquote> Ideally, you want to wait until the stock begins to rally again and clear the 10-week moving average with gusto before deploying your hard-earned capital. In other words, buy on strength, not on the way down.<blockquote>理想情况下，您应该等到股票再次开始反弹并兴高采烈地清除 10 周移动平均线后再部署您辛苦赚来的资本。换句话说，根据实力买入，而不是在下跌过程中买入。</blockquote> Without question, Affirm stock has&nbsp;entered a base-building mode.<blockquote>毫无疑问，Affirm stock 已进入筑基模式。</blockquote> A continued drop through the 50-day line and the 10-week moving average spurs another&nbsp;defensive sell rule to lock in profits. After all, AFRM has made an impressive short-term rally, up 160% from its Aug. 27 close at 67.90 to its all-time high of 176.65 in less than 11 weeks.<blockquote>50日线和10周移动平均线的持续下跌刺激了另一个防御性卖出规则来锁定利润。毕竟，AFRM 的短期反弹令人印象深刻，在不到 11 周的时间里，从 8 月 27 日收盘价 67.90 点上涨 160%，至 176.65 点的历史高点。</blockquote> For now, AFRM still holds above its recently formed 200-day moving average. A break through this&nbsp;long-term technical level&nbsp;would make the current slide even more bearish.<blockquote>目前，AFRM 仍高于最近形成的 200 日移动平均线。突破这一长期技术水平将使当前的下滑更加悲观。</blockquote> And most importantly? After any new buy, be sure to manage risk appropriately.Keeping losses manageable, ideally at no more than 8% from your purchase price, allows you stay solvent and in the game. It's far easier to recover from a&nbsp;7%-8% loss&nbsp;than a 25% or 50% deficit. Given AFRM's heavy price volatility, you can also&nbsp;structure your position&nbsp;so that even a 10% loss does not result in more than 1% hit to the overall portfolio.<blockquote>最重要的是？购买任何新商品后，一定要适当管理风险。保持损失可控，最好不超过购买价格的8%，可以让你保持偿付能力并参与游戏。从7%-8%的损失中恢复比从25%或50%的赤字中恢复要容易得多。鉴于 AFRM 的剧烈价格波动，您还可以构建头寸，以便即使 10% 的损失也不会对整个投资组合造成超过 1% 的打击。</blockquote>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AFRM":"Affirm Holdings, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133638754","content_text":"When it comes to investing in new fintech companies and the financing concept of BNPL— buy now, pay later — Affirm stock comes immediately to mind. So does its recent large price swings.\nAffirm(AFRM) likely scared the wits of shareholders on Nov. 10.\nThe stock nose-dived 15% in the heaviest volume in more than three weeks. And 22.5 million shares exchanged hands that day, 42% above its average turnover over the past 50 sessions.\nBut after reporting third-quarter results late that day, AFRM went into bungee cord-jumping mode. Shares rose as much as 24% intraday on Nov. 11, then settled at 151.83. Good for a 13.7% gain. As the accompanying daily chart shows, volume soared again. This time, turnover bolted more than double its usual level.\nSellers are back in charge lately.\nAnd after sinking more than 10% in heavy trading Thursday, AFRM fell another 2% after hours on news that the Consumer Financial Protection Bureau is conducting a probe of BNPL firms. Dow Jones reports that federal regulators are investigating Affirm, Klarna Bank, Afterpay and other competitors for the first time.\nYet before the recent sell-off, AFRM stock was showing troublesome technical action on its stock chart.\nOn Nov. 29, an early gain of as much as 2.5% melted into a disappointing loss of 3.5%. The stock clearly gotten turned away at a critical technical level on its chart,the 50-day moving average.\nThe fintech company, started by Max Levchin, entrepreneur and member of the so-called \"PayPal mafia\" of Silicon Valley fame, still sports an enviable gain of 97% from its initial public offering at $49 a share in January. However, AFRM shares fell hard recently on news of a convertible debt offering. Shares continue to test 100, a key psychological price level.\nOn Nov. 18, Affirm priced its $1.5 billion offering of convertible debt with a 0% coupon, maturing in November 2026. The zero coupon means note holders will not receive regular interest. Affirm says it may not redeem the notes prior to Nov. 20, 2024.\nAt $1.5 billion, it represented 4% of the total stock market value of the company.\nIs Affirm Stock A Buy Now?\nShould bullish investors in Affirm consider the current pullback a golden opportunity? Or given the big run-up already, is it actually a sell?\nThis story addresses aspects of IBD's CAN SLIM investment paradigm, coined by the legendary growth stock trader and founder of Investor's Business Daily,William O'Neil. So, we'll analyze the potential investment from multiple viewpoints: fundamental, technical and the quantity and quality of institutional ownership.\nWithout all three positive elements in place, a growth investor sports a smaller chance of reaping an outstanding market-beating gain over the long run.\nAffirm Stock Today: The IBD Ratings Picture\nIBD Stock Checkup shows Affirm's Composite Rating keeps falling, now at 32 on a scale of 1 to 99.\nThat score compares unfavorably with Affirm's industry peers in consumer credit and banking giants, includingAmerican Express(AXP) (a weakening 76 Composite score),Goldman Sachs(GS) (89 Composite) and Mastercard(MA) (70 Composite). Affirm's Composite also now trails a 44 rating for PayPal(PYPL), a struggling former member of IBD Long-Term Leaders and former member of IBD Big Cap 20.\nIdeally, focus on companies with a 90 Composite or higher. However, newer issues often have no earnings history or a very slim record of profitability. For Affirm, the San Francisco-based company lost $1.75 a share in fiscal 2021, ended in June. The Street sees more net losses in FY 2022 (-$1.70) and FY 2023 (-$1.16).\nAccording to MarketSmith, Affirm now has 281 million shares outstanding.\nOn the positive side, Affirm is growing the top line at lightning pace; revenues have grown 86%, 89%, 120%, 98%, 57%, 67%, 71% and 55% vs. year-ago levels in the past eight quarters. In the September-ended quarter, the top line hit a record $269.4 million.\n\"Legacy payment options, archaic systems, and traditional risk and credit underwriting models can be harmful, deceptive, and restrictive to both consumers and merchants,\" the company wrote in its 424b IPO prospectus, filed with the Securities & Exchange Commission.\" We believe that they are not well-suited for increasingly digital and mobile-first commerce, and are built on legacy infrastructure that does not support the innovation required for modern commerce to evolve and flourish. Our platform is designed to address these problems.\"\nThe company charges zero late fees. As of June 30, Affirm counts at least 10 million customers.\nIn its Nov. 10 news release on September fiscal Q1 results, Affirm noted an 84% boost in gross merchandise volume vs. a year earlier to $2.7 billion. Active merchants soared from 6,500 to 102,000, due in large part to the adoption of Shop Pay Installments by merchants on Shopify's platform. And active consumers grew 124% to 8.7 million.\nAffirm's Relative Strength Rating is trying to stabilize at 80 on a scale of 1 to 99. Translation: AFRM is still outperforming 80% of all companies in the IBD database over the past 12 months. Now, keep in mind that AFRM has not yet traded a full 12 months. But the RS Rating also places extra weighting on three-month price performance.\nAccording to MarketSmith data, the 3-month RS Rating shows an unsavory score of 6.\nMutual fund ownership keeps rising fast. The total has jumped to as high as 342 funds at the end of Q3 this year vs. 255 in June. Bullish. You want to see increasing institutional sponsorship. That's one hallmark of the I in CAN SLIM.\nWhen investing in a growth stock, make sure it has solid company. Does it belong to a leading sector in the stock market itself? You can see the top performing sectors on a daily basis within IBD's stock research tables via IBD Data Tables.\nOverall, that's pretty much the case for Affirm. While its credit card payment and processing industry group ranks in the bottom half of 197 IBD industry groups for six-month price performance, the finance sector currently ranks just outside the top 10 among 33 sectors in the IBD stock research tables at Investors.com.\nAffirm Stock: Proper Buy Points\n\nSoon after going public on the Nasdaq, Affirm's stock price corrected in a huge way after its breakout attempt past a 138.08 correct buy point in anarrow IPO base imploded. As you can see on the daily chart, in early February the large cap failed to get much traction after clearing the base's left-side high of 137.98.\nThen it tanked just days later. This negative price action triggered the golden rule of investing: cut your losses short. By saving precious capital, you insure the portfolio from a devastating loss. And you ensure the opportunity to invest in a better stock or the same stock in stronger market conditions.\nFor Affirm stock, the new opportunity came in September.\nAfter falling as much as 68% from its 146.90 peak, AFRM bottomed out at 46.50 in May, then began to rise slowly. It took months for the stock to begin building the right side of a promising new chart pattern. But it eventually crossed above the 50-day moving average and stayed above it.\nOn Aug. 30, shares gapped up in bullish fashion. A 46% gain in the heaviest volume in the stock's history catapulted Affirm to a five-month high, thanks to a business tie-up with an e-commerce titan. The next several days saw the stock tilt lower in mild fashion. Volume was still heavy, but declined from the mega-active day of Aug. 30.\nThis constructive price action created a handle on the deep cup.\nView a handle as a final shakeout of uncommitted, weak shareholders. Those shares move to firmer hands. The handle clears the deck for a breakout — that is, a strong move to new highs once fresh institutional demand crowds the market for Affirm stock.\nAFRM Stock: Round-Trip Sell Rule\n\nOn Sept. 10, Affirm stock broke out past the handle buy point of 101.10 on second-quarter results. Volume surged again. This move stoked AFRM's first breakout and legitimate buy opportunity.\nTwo separate pullbacks in September and early October created additional handle entries. Why? AFRM was still trading beneath the deep cup pattern's left-side peak of 146.90.\nThus, new entry points at 126.56 (10 cents above the Sept. 10 peak) and 133.27 (a dime above the Sept. 24 high) gave traders another timely chance to buy on strength.Always buy within the 5% buy zone after a breakout.\nHowever, the current downdraft has resulted in a round trip of gains from these latest buy points. This action brings up one important IBD sell rule: Do not allow a superb gain of 10%, 20% or more turn into a loss.\n\nA Future Follow-On Entry?\nA fresh pullback to the 50-day moving average, or to the 10-week line on a weekly chart, normally offers a follow-on buy point after a successful breakout. In such a situation, you want to buy as close as possible to the actual 50-day or 10-week itself.\nThe 10-week moving average recently climbed to as high as 143. Buying within 5% to 10% of this price level is acceptable — but only if IBD says the market is in a confirmed uptrend. You want the market acting as a tailwind, not a headwind. And you want to see the stock rallying first. But AFRM has now closed four straight weeks below its 10-week line.\n\nSo at this point, Affirm stock is not a buy.\nIdeally, you want to wait until the stock begins to rally again and clear the 10-week moving average with gusto before deploying your hard-earned capital. In other words, buy on strength, not on the way down.\nWithout question, Affirm stock has entered a base-building mode.\nA continued drop through the 50-day line and the 10-week moving average spurs another defensive sell rule to lock in profits. After all, AFRM has made an impressive short-term rally, up 160% from its Aug. 27 close at 67.90 to its all-time high of 176.65 in less than 11 weeks.\nFor now, AFRM still holds above its recently formed 200-day moving average. A break through this long-term technical level would make the current slide even more bearish.\nAnd most importantly? After any new buy, be sure to manage risk appropriately.Keeping losses manageable, ideally at no more than 8% from your purchase price, allows you stay solvent and in the game. It's far easier to recover from a 7%-8% loss than a 25% or 50% deficit. Given AFRM's heavy price volatility, you can also structure your position so that even a 10% loss does not result in more than 1% hit to the overall portfolio.","news_type":1,"symbols_score_info":{"AFRM":0.9}},"isVote":1,"tweetType":1,"viewCount":3071,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":6,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/693427902"}