Should You Buy Affirm Stock While It's Below $49?

The BNPL leader could be an undervalued growth play.Affirm (AFRM -0.11%) was a hot fintech stock three years ago. The provider of buy now, pay later (BNPL) services went public at $49 a share on Jan. 13, 2021, opened at$90.90, and soared to a record high of $168.52 on Nov. 4, 2021.But today, Affirm's stock trades at about$45, pulling back as new macro and competitive challenges throttled its growth. Rising rates also compressed its valuations and cast a harsh light on its high debt and persistent losses. ...