Fintech company Affirm’s (AFRM) shares have gained in price over the past few months thanks to the popularity of its "buy-now-pay-later" services. But can the stock deliver more upside following the company’s expansion of its relationship with Amazon.com (NASDAQ:AMZN)? Let’s find out.Affirm Holdings, Inc. (AFRM) recently announced the expansion of its relationship with Amazon.com, Inc. (AMZN). It will serve as Amazon's only “buy now, pay later” option in the United States until January 2023. The San Francisco-based concern will also be integrated into Amazon Pay's digital wallet in the United States. The company also reported quarterly sales of $269.39 million for its fiscal first quarter of 2022, ended September 2021, beating the $248.23 million consensus estimate by 9%.
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.