As of Thursday close, SoFi Technologies Inc.’s (NASDAQ:SOFI) stock was down -$0.15, moving down -1.82 percent to $8.11. The average number of shares traded per day over the past five days has been 26,279,260 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.61 fall in that time frame. In the last twenty days, the average volume was 47,776,773, while in the previous 50 days, it was 53,226,832.
Since last month, SOFI stock retreated -17.66%. Shares of the company fell to $8.08 on 08/17/23, the lowest level in the past month. A 52-week high of $11.70 was reached on 07/31/23 after having rallying from a 52-week low of $4.24. Since the beginning of this year, SOFI’s stock price has risen by 75.92% or $3.50, and marked a new high 20 times. However, the stock has declined by -30.68% since its 52-week high.
SOFI stock investors should be aware that SoFi Technologies Inc. (SOFI) stock had its last reported insider trading activity 63 days ago on Jun 16. Borton Chad M, the President – SoFi Bank of the company, disposed of 90,458 shares for $8.68 on Jun 16. It resulted in a $784,985 divestment by the insider. Stafford Webb Lauren sold 100,000 shares at an average price of $9.29 on Jun 15. The insider now owns 335,945 shares following the transaction. On Jun 14, Chief Risk Officer Webster Aaron sold 200,000 shares at $9.69 apiece. The transaction was valued at $1,938,120.
Valuation Metrics
The stock’s beta is 1.94. Besides these, the trailing price-to-sales (P/S) ratio of 5.76, the price-to-book (PB) ratio of 1.45.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.24, and the total debt-to-equity ratio was 1.24. In the year ended June 29, operating margins totaled 62.50%. Based on annual data, SOFI earned $584.1 million in gross profit and brought in $773.37 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.90%. Return on equity (ROE) for the past 12 months was -4.50%.
In SoFi Technologies Inc.’s quarter-end financial report for June 29, it reported total debt of $6.48 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected SoFi Technologies Inc. to report -$0.06 quarterly earnings, the actual figure was -$0.06 per share. The value of shareholders’ equity is $950.11 million.
Technical Picture
This quick technical analysis looks at SoFi Technologies Inc.’s (SOFI) price momentum. With a historical volatility rate of 14.52%, the RSI 9-day stood at 29.43% on 17 August.
With respect to its five-day moving average, the current SoFi Technologies Inc. price is down by -7.00% percent or -$0.61. At present, SOFI shares trade -15.26% below its 20-day simple moving average and +41.29% percent above its 100-day simple moving average. However, the stock is currently trading approximately +6.01% above its SMA50 and +48.81% above its SMA200.
Stochastic coefficient K was 1.05% and Stochastic coefficient D was 3.62%, while ATR was 0.47. Given the Stochastic reading of 0.83% for the 14-day period, the RSI (14) reading has been calculated as 37.84%. As of today, the MACD Oscillator reading stands at -0.47, while the 14-day reading stands at -1.03.
Analyst Ratings
Mizuho reiterated its a Buy rating on SoFi Technologies Inc. (NASDAQ: SOFI) in a note to investors. The analysts firm has however raised their price target to $15, representing a possible 9.89% increase in the stock price. SoFi Technologies Inc. (SOFI) has been rated Hold by analysts. According to 4 brokerage firms, SOFI is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate SoFi Technologies Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $9.50, the current consensus forecast for the stock is $3.00 – $16.00. Based on these forecasts, analysts predict SoFi Technologies Inc. (SOFI) will achieve an average price target of $10.03.
