Is SoFi Technologies Inc. (SOFI) Set To Achieve Price Targets?

The stock of SoFi Technologies Inc. (NASDAQ:SOFI) decreased by decreased by -$0.41 on Friday to finish at $20.58, down -1.95 percent. The last five days have seen an average of 28,870,680 shares of common stock traded. The average number of shares traded over the last 20 days was 28,983,225, while the average volume over the last 50 days totaled 26,100,422.

SOFI stock appreciated 20.07% since last month. On 09/30/21, the company’s shares reached a one-month low of $15.30. The stock touched a high of $28.26, after rallying from a low of $10.10 in 52 weeks. The price of SOFI stock has risen by 65.43% or $8.14 this year, reaching a new high 7 times. Still, the stock price is down -27.18% from the 52-week high.

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Insider Transactions

There have been 42 days since SoFi Technologies Inc. (SOFI) last reported insider trading activity on Sep 13. On Sep 13, Vice Chairman – Galileo Wilkes Thomas Clayton sold 1,119,413 shares at $15.16 each. This transaction resulted in the insider making $16,970,301. On Sep 07, Heavener Micah sold 6,250 shares at a price of US$16.00. After the transaction, the insider now owns 90,162 shares. Chief Executive Officer Noto Anthony had earlier bought 7,150 shares on Aug 26 for $14.31 a share. The transaction was completed for $102,290.

The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.58, and the total debt to equity ratio is 0.58.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ROE has averaged 16.40 in the past year for the broader industry.

Earnings Surprise

According to SoFi Technologies Inc.’s quarterly financial report for the quarter that ended June 29. It was predicted that SoFi Technologies Inc.’s quarterly earnings would be -$0.48, but it ended up being -$0.05. At the end of SoFi Technologies Inc.’s most recent quarter ended June 29, its total debt was $2.57 billion. Equity owned by shareholders amounts to $794.69 million.

Technical Picture

Here’s a quick look at SoFi Technologies Inc.’s (SOFI) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 68.20%, suggesting the stock is Neutral, with a 50.10% historical volatility rate.

The stochastic %K and %D were 87.90% and 90.32% respectively, while the average true range (ATR) was 1.02. Based on the 14-day stochastic reading of 79.59%, the RSI (14) reading is 67.04%. On the 9-day MACD Oscillator, the stock is at 0.81, and the 14-day reading is at 1.98.

Analyst Ratings

In its analyst report released on October 11, 2021, Morgan Stanley began covering SoFi Technologies Inc. (NASDAQ: SOFI). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned SoFi Technologies Inc. (SOFI) an Overweight rating. SOFI is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 5 others recommend it as a buy.

What is SOFI’s price target for the next 12 months?

The current consensus forecast for the stock is between $16.50 and $30.00, with a median target price of $25.00. In analyzing these forecasts, the average price target given by analysts for SoFi Technologies Inc. (SOFI) is $24.58.


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