How to Buy Affirm Holdings for the Cost of a Penny Stock

Affirm Holdings (NASDAQ: AFRM) burst on the scene when it went public in January 2021 at about $90 per share. Since then, the stock of this buy now, pay later company has seen quite a bit of volatility, jumping up to $168 per share in November before dropping back to its current price of about $106 as of Dec. 30 -- up about 17% year to date (YTD).

The recent price decline was not due to a drop in revenue or slowdown in growth, rather there were other factors at play, including a valuation that got overheated due to the fast run-up in stock price. Right now, with the recent pullback, Affirm is available at a more reasonable valuation and looks like a good buy. If the stock price still seems out of reach, know that you can invest in Affirm for the cost of a penny stock. Here's how.

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Source Fool.com