Down 85% in 6 Months, Is Affirm Worth Your Money Today?

Growth stocks have been sent to the slaughterhouse recently in the wake of a more hawkish outlook from the Federal Reserve, record levels of inflation, and global economic threats stemming from the war between Russia and Ukraine. The Cboe Volatility Index, commonly referred to as Wall Street's fear gauge, has soared almost 25% in the past month, indicating the current downward trajectory of investor sentiment. During times of economic uncertainty, investors tend to gravitate toward safer assets as opposed to companies that are unprofitable and cash-flow negative.

As a result, many high-growth stocks have plunged from previous highs at a red-hot pace -- but that means investors are presented with a unique buying opportunity to acquire some of the world's most innovative companies at extremely low price levels. One of those companies, Affirm Holdings (NASDAQ: AFRM), has watched its share price collapse more than 85% over a six-month span. The company participates in the rapidly expanding "buy now, pay later" (BNPL) market, and continues to grow its top line at record speed. 

Now trading at just 14% of its 52-week high, is it time to add Affirm to your long-term portfolio?

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Source Fool.com