The trading price of SoFi Technologies Inc (NASDAQ:SOFI) closed lower on Tuesday, December 10, and closing at $15.29, -1.80% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $15.135 and $16.12. The company’s P/E ratio in the trailing 12-month period was 129.25, while its 5Y monthly beta was 1.613. In examining the 52-week price action we see that the stock hit a 52-week high of $16.61 and a 52-week low of $6.01. Over the past month, the stock has gained 17.52% in value.
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SoFi Technologies Inc, whose market valuation is $16.59 billion at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest SOFI has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned SOFI a recommendation rating is 14. Out of them, 7 rate it a Hold, while 5 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged SoFi Technologies Inc (SOFI) as Underweight, while 2 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that SOFI’s price is currently 1.14% off the SMA20 and 25.58% off the SMA50. The RSI metric on the 14-day chart is currently showing 59.89, and weekly volatility stands at 5.30%. When measured over the past 30 days, the indicator reaches 4.86%. SoFi Technologies Inc (NASDAQ:SOFI)’s beta value is currently sitting at 1.79, while the Average True Range indicator is currently displaying 0.72. With analysts defining $8-$13 as the low and high price targets, we arrive at a consensus price target of $10.5 for the trailing 12-month period. The current price is about 47.68% off the estimated low and 14.98% off the forecast high, based on this estimate. Investors will be thrilled if SOFI’s share price rises to $10.5, which is the median consensus price. At that level, SOFI’s share price would be 31.33% above current price.
To see how SoFi Technologies Inc stock has been performing in comparison to its peers in the industry, here are the numbers: SOFI stock’s performance was -1.80% in the latest trading, and 88.07% in the past year. SoFi Technologies Inc has a P/E ratio of 129.25.
An evaluation of the daily trading volume of SoFi Technologies Inc (NASDAQ:SOFI) indicates that the 3-month average is 52.08 million. However, this figure has increased over the past 10 days to an average of 47.22.
Currently, records show that 1.08 billion of the company’s shares remain outstanding. The insiders hold 2.04% of outstanding shares, whereas institutions hold 43.66%. The stats also highlight that short interest as of 2024-11-15, stood at 148.72 million shares, resulting in a short ratio of 2.35 at that time. From this, we can conclude that short interest is 1443.00 of the company’s total outstanding shares. It is noteworthy that short shares in November were down slightly from the previous month’s figure, which was 180.67 million. However, since the stock’s price has seen 53.67% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
