SoFi Technologies Inc (NASDAQ:SOFI) shares, rose in value, with the stock price down by -0.45% to the previous day’s close as strong demand from buyers drove the stock to $11.17.
Actively observing the price movement in the last trading, the stock closed the session at $11.22, falling within a range of $10.88 and $11.325. The value of beta (5-year monthly) was 1.706 whereas the PE ratio was 94.42 over 12-month period. Referring to stock’s 52-week performance, its high was $11.50, and the low was $6.01. On the whole, SOFI has fluctuated by 43.39% over the past month.
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With the market capitalization of SoFi Technologies Inc currently standing at about $11.91 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Jan-27.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.53B, with a low estimate of 638.45M and a high estimate of 686.73M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 669.58M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SOFI’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of SOFI currently trading nearly 12.27% and 30.07% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.12, while the 7-day volatility ratio is showing 6.28% which for the 30-day chart, stands at 4.83%. Furthermore, SoFi Technologies Inc (SOFI)’s beta value is 1.70, and its average true range (ATR) is 0.52.
A comparison of SoFi Technologies Inc (SOFI) with its peers suggests the former has fared considerably weaker in the market. SOFI showed an intraday change of -0.45% in last session, and over the past year, it grew by 47.95%%.
Data on historical trading for SoFi Technologies Inc (NASDAQ:SOFI) indicates that the trading volumes over the past 10 days have averaged 67.61 and over the past 3 months, they’ve averaged 46.67 million. According to company’s latest data on outstanding shares, there are 1.07 billion shares outstanding.
Nearly 4.97% of SoFi Technologies Inc’s shares belong to company insiders and institutional investors own 38.25% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 180.67 million shares as on 2024-10-15, resulting in a short ratio of 3.96. According to the data, the short interest in SoFi Technologies Inc (SOFI) stood at 1787.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 186.59 million. The stock has risen by 12.26% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SOFI stock heading into the next quarter.
