The trading price of SoFi Technologies Inc (NASDAQ:SOFI) floating higher at last check on current market day and closing at $17.00, 3.00% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $16.89 and $17.46. The company’s P/E ratio in the trailing 12-month period was 143.66, 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 $17.19 and a 52-week low of $6.01. Over the past month, the stock has gained 2.01% in value.
SoFi Technologies Inc, whose market valuation is $18.44 billion at the time of this writing, is expected to release its quarterly earnings report in February. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.04 per share this quarter, however they have predicted annual earnings per share of 0.12 for current year and 0.25 for next year.
Analysts have forecast the company to bring in revenue of 678.9M for the current quarter, with the likely lows of 669M and highs of 688.13M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 2.56B.
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 10.58% off the SMA20 and 12.19% off the SMA50. The RSI metric on the 14-day chart is currently showing 63.33, and weekly volatility stands at 4.07%. When measured over the past 30 days, the indicator reaches 5.27%. SoFi Technologies Inc (NASDAQ:SOFI)’s beta value is currently sitting at 1.79, while the Average True Range indicator is currently displaying 0.81. With analysts defining $8.5-$14 as the low and high price targets, we arrive at a consensus price target of $13 for the trailing 12-month period. The current price is about 50.0% off the estimated low and 17.65% off the forecast high, based on this estimate. Investors will be thrilled if SOFI’s share price rises to $13, which is the median consensus price. At that level, SOFI’s share price would be 23.53% above current price.
To see how SoFi Technologies Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: SOFI stock’s performance was 3.00% at last check in today’s session, and 129.35% in the past year. SoFi Technologies Inc has a P/E ratio of 143.66.
An evaluation of the daily trading volume of SoFi Technologies Inc (NASDAQ:SOFI) indicates that the 3-month average is 50.58 million. However, this figure has increased over the past 10 days to an average of 36.4.
Currently, records show that 1.08 billion of the company’s shares remain outstanding. The insiders hold 2.08% of outstanding shares, whereas institutions hold 43.58%. The stats also highlight that short interest as of 2024-12-31, stood at 129.1 million shares, resulting in a short ratio of 2.85 at that time. From this, we can conclude that short interest is 1253.00 of the company’s total outstanding shares. It is noteworthy that short shares in December were down slightly from the previous month’s figure, which was 136.3 million. However, since the stock’s price has seen 10.36% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
