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The stock has gained 138.9% in price over the past three months and 199.8% over the past six months to close yesterday’s trading session at $151.72.
However, AFRM reported a $1.13 per share quarterly loss, which missed the consensus estimate of 30-cents per share. In addition, it recently witnessed a decline in hedge fund sentiment. Moreover, the company’s losses widened in the first quarter, and it is expected to continue reporting losses in the coming quarters. So, AFRM’s near-term prospects look bleak.
