- Affirm stock fell over 60% in 2022 year-to-date, and one of the key reasons is higher-than-expected expenses for Q2 FY 2022.
- The other two key factors that contributed to AFRM's stock price drop this year are a rising rate environment and regulatory headwinds.
- AFRM raised its FY 2022 management guidance in mid-March 2022, but this has failed to stem the company's share price decline.
- Affirm stock is a Hold after its weak stock price performance this year; there are concerns about AFRM's future funding, but the stock is also rumored to be an takeover target.
For further details see:
Is Affirm Stock A Buy Or Sell After Falling Over 60% In 2022?