SoFi Technologies Inc (NASDAQ:SOFI) price on current trading day, fall -4.11% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $15.65.
A look at the stock’s price movement, the close in the last trading session was $16.32, moving within a range at $15.62 and $16.2. The beta value (5-Year monthly) was 1.613 while the PE ratio in trailing twelve months stood at 132.29. Turning to its 52-week performance, $16.61 and $6.01 were the 52-week high and 52-week low respectively. Overall, SOFI moved 37.04% over the past month.
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SoFi Technologies Inc’s market cap currently stands at around $16.98 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 676.58M for the company’s revenue for the quarter, with a low and high estimate of 669.4M and 682.6M respectively. The average forecast suggests up to a 13.86% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.56B, representing a 23.24% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SOFI is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
14 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 7 analyst(s) rate the stock as a Hold, 5 recommend SOFI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SOFI’s current price about 6.29% and 33.66% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 66.91, while 7-day volatility ratio is 3.75% and 4.72% in the 30-day chart. Further, SoFi Technologies Inc (SOFI) has a beta value of 1.78, and an average true range (ATR) of 0.66. Analysts have given the company’s stock an average 52-week price target of $10.5, forecast between a low of $8 and high of $13. Looking at the price targets, the low is 48.88% off current price level while to achieve the yearly target high, price needs to move 16.93%. Nonetheless, investors will most likely welcome a 32.91% jump to $10.5 which is the analysts’ median price.
If we refocus on SoFi Technologies Inc (NASDAQ:SOFI), historical trading data shows that trading volumes averaged 46.1 over the past 10 days and 51.29 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.08 billion shares.
The 4.96% of SoFi Technologies Inc’s shares are in the hands of company insiders while institutional holders own 43.66% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 148.72 million on 2024-11-15, giving us a short ratio of 2.35. The data shows that as of 2024-11-15 short interest in SoFi Technologies Inc (SOFI) stood at 1443.0000000000002 of shares outstanding, with shares short falling to 180.67 million registered in 2024-10-15. Current price change has pushed the stock 57.29% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SOFI stock continues to rise going into the next quarter.
