Affirm Stock Is Up 5%: What's Going On?

Affirm Holdings Inc AFRM shares are trading higher by 5.2% to $18.88 Tuesday morning, despite a lack of company-specific news for the session. The stock is potentially rising amid investor optimism after the company last week reported better-than-expected fourth-quarter financial results and issued guidance.

Affirm also received a number of analyst rating updates following the earnings print.

Affirm said fiscal fourth-quarter revenue increased 22% year-over-year to $445.82 million, which beat the consensus estimate of $406.26 million.

The company reported a quarterly adjusted loss of 69 cents per share, which beat analyst estimates for a loss of 85 cents per share...Read More

According to data from Benzinga Pro, Affirm has a 52-week high of $27.26 and a 52-week low of $8.62.