SoFi Technologies Inc. (NASDAQ:SOFI) price closed lower on Monday, September 13, dropping -1.83% below its previous close.
A look at the daily price movement shows that the last close reads $15.29, with intraday deals fluctuated between $14.67 and $15.39. Taking into account the 52-week price action we note that the stock hit a 52-week high of $28.26 and 52-week low of $10.10. The stock subtracted -14.03% on its value in the past month.
SoFi Technologies Inc., which has a market valuation of $12.24 billion, is expected to release its quarterly earnings report Aug 12, 2021. Analysts tracking SOFI have forecast the quarterly EPS to shrink by -0.09 per share this quarter, while the same analysts predict the annual EPS to hit -$0.52 for the year 2021 and up to -$0.07 for 2022.
On average, analysts have forecast the company’s revenue for the quarter will hit $251.61 million, with the likely lows of $249.7 million and highs of $254 million. Staying with the analyst view, there is a consensus estimate of $960.62 million for the company’s annual revenue in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 4 analysts have assigned SOFI a recommendation rating as follows: 1 rate it as a Hold; 2 advise Buy while 1 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the SoFi Technologies Inc. (SOFI) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that SOFI’s price is at present 2.46% off the SMA20 and -3.73% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 47.76, with weekly volatility standing at 4.65%. The indicator jumps to 4.16% when calculated based on the past 30 days. SoFi Technologies Inc. (NASDAQ:SOFI)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.74. Considering analysts have assigned the stock a price target range of $16.50-$30.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $23.17. Based on this estimate, we see that current price is roughly -9.93% off the estimated low and -99.87% off the forecast high. Investors will no doubt be excited to see the share price fall to $23.00, which is the median consensus price, and at that level SOFI would be -53.23% from current price.
An analysis of the SoFi Technologies Inc. (NASDAQ:SOFI) stock in terms of its daily trading volume indicates that the 3-month average is 17.92 million.
Current records show that the company has 799.63M in outstanding shares. The insiders’ percentage holdings are 1.00% of outstanding shares while the percentage share held by institutions stands at 25.30%. But the 20.66% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.