SoFi Technologies Inc. (NASDAQ:SOFI) finished Thursday with a subtraction of -$0.31 to close at $8.12, a downside of -3.68 percent. An average of 24,228,740 shares of common stock have been traded in the last five days. There was a gain of $0.01 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 44,789,020 shares traded, while the 50-day average volume stands at 46,861,848.
SOFI stock has decreased by -14.71% in the last month. The company shares reached their 1-month lowest point of $7.89 on 08/18/23. With the stock rallying to its 52-week high on 07/31/23, shares of the company touched a low of $4.24 and a high of $11.70 in 52 weeks. It has reached a new high 20 times so far this year and achieved 76.14% or $3.51 in price. In spite of this, the price is down -30.60% from the 52-week high.
Insider Transactions
SOFI stock investors should be aware that SoFi Technologies Inc. (SOFI) stock had its last reported insider trading activity 70 days ago on Jun 16. In this transaction, the insider spent $784,985. Chief Marketing Officer, Stafford Webb Lauren, disposed of 100,000 shares at a price of $9.29 on Jun 15. The insider now owns more than $928,800 worth of shares. Prior to that, Chief Risk Officer Webster Aaron went on to Sale 200,000 shares at $9.69 each on Jun 14. An amount of $1,938,120 was transacted.
Valuation Metrics
SoFi Technologies Inc. (SOFI) stock’s beta is 1.93. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.65, the price-to-book (PB) ratio at 1.45.
Financial Health
Further, the company has a long term debt to equity ratio of 1.24 and a total debt to equity ratio of 1.24 for the quarter ending June 29. Its gross profit as reported stood at $584.1 million compared to revenue of $773.37 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, SoFi Technologies Inc.’s return on assets was -1.10%.
Earnings Surprise
For the three-month period that ended June 29, SoFi Technologies Inc. had $6.48 billion in total debt. The analyst consensus anticipated SoFi Technologies Inc.’s latest quarter earnings to come in at -$0.06 per share, but it turned out to be -$0.06, a 0.00% surprise. At the end of the quarter ending June 29, SoFi Technologies Inc.’s stock balance sheet showed total debt was $6.62 billion. Shareholders own equity worth $950.11 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at SoFi Technologies Inc. (SOFI) price momentum. RSI 9-day as of the close on 24 August was 35.93%, suggesting the stock is Neutral, with historical volatility in this time frame at 34.99%.
As of today, SOFI’s price is $8.24 +0.12% or $0.01 from its 5-day moving average. SOFI is currently trading -10.67% lower than its 20-day SMA and +33.77% higher than its 100-day SMA. However, the stock’s current price level is -14.88% below the SMA50 and +56.76% above the SMA200.
The stochastic %K and %D were 16.51% and 15.61%, respectively, and the average true range (ATR) was 0.43. With the 14-day stochastic at 13.69% and the average true range at 0.47, the RSI (14) stands at 40.24%. The stock has reached -0.06 on the 9-day MACD Oscillator while the 14-day reading was at -0.32.
Analyst Ratings
Mizuho reiterated its a Buy rating on SoFi Technologies Inc. (NASDAQ: SOFI), but raised their price target to $9, indicating a potential price increase of 9.78% for the stock.
