Affirm Holdings Surges 6.71% on $670M Volume Ranks 153rd in Market Activity

On August 22, 2025, Affirm Holdings (AFRM) surged 6.71% with a trading volume of $670 million, a 169.5% increase from the previous day, ranking 153rd in market activity. The fintech company’s stock has gained 30.53% year-to-date and 165.32% over the past year, reflecting strong momentum in the buy-now-pay-later (BNPL) sector.

AFRM’s performance aligns with its Zacks Momentum Score of "A," indicating favorable technical and earnings trends. Analysts revised fiscal 2025 earnings estimates upward by $0.02 to $0.05 per share, while the stock’s average earnings surprise stands at 102.2%. This suggests improving investor confidence in Affirm’s financial outlook despite its current -2.07% trailing profit margin.

Technical indicators highlight elevated volatility, with AFRM trading near its 52-week high of $82.53 and a 120%+ implied volatility in options markets. Short-term momentum traders are monitoring key levels, including the 200-day moving average at $59.76 and the upper Bollinger Band at $82.01. However, the stock’s beta of 3.63 underscores its sensitivity to broader market swings.

Backtesting of AFRM’s performance following a 7%+ intraday surge shows mixed outcomes: a 51.09% win rate over three days, dropping to 49.45% at 10 days. The maximum return of 9.59% occurred on day 59, illustrating potential for short-term gains but volatility risks. This aligns with the company’s high-gamma call options, which amplify exposure to price swings ahead of its August 28 earnings report.