The stock of SoFi Technologies Inc. (NASDAQ:SOFI) decreased by -$0.06 on Monday to finish at $8.23, down -0.72 percent. The last five days have seen an average of 22,550,641 shares of common stock traded. 20 times new highs were reached in the current year, with a gain of $3.62. The average number of shares traded over the last 20 days was 33,413,430, while the average volume over the last 50 days totaled 43,173,711.
SOFI stock dropped -13.82% since last month. On 08/18/23, the company’s shares reached a one-month low of $7.89. The stock touched a high of $11.70 on 07/31/23, after rallying from a low of $4.24 in 52 weeks. The price of SOFI stock has risen by 78.52% or $3.62 this year, reaching a new high 20 times. Still, the stock price is down -29.66% 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 74 days ago on Jun 16. On Jun 16, President – SoFi Bank Borton Chad M sold 90,458 shares at $8.68 each. This transaction resulted in the insider making $784,985. On Jun 15, Stafford Webb Lauren sold 100,000 shares at a price of US$9.29. After the transaction, the insider now owns 335,945 shares. Chief Risk Officer Webster Aaron had earlier sold 200,000 shares on Jun 14 for $9.69 a share. The transaction was completed for $1,938,120.
Valuation Metrics
Beta for the stock is 1.94. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.69, the price-to-book (PB) ratio of 1.47.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.24, and the total debt to equity ratio is 1.24. SoFi Technologies Inc.’s operating margin stood at 62.50% for the same period. Based on annual data, it had gross profit of $584.1 million and revenue of $773.37 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SOFI’s return on assets (ROA) during the last 12 months has been -1.10%. There was a 4.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -4.50%.
Earnings Surprise
According to SoFi Technologies Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that SoFi Technologies Inc.’s quarterly earnings would be -$0.06, but it ended up being -$0.06. At the end of SoFi Technologies Inc.’s most recent quarter ended June 29, its total debt was $6.62 billion. Equity owned by shareholders amounts to $950.11 million.
Technical Picture
Here’s a quick look at SoFi Technologies Inc.’s (SOFI) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 40.00%, suggesting the stock is Neutral, with a 33.64% historical volatility rate.
The stochastic %K and %D were 21.32% and 19.70% respectively, while the average true range (ATR) was 0.40. Based on the 14-day stochastic reading of 24.64%, the RSI (14) reading is 42.39%. On the 9-day MACD Oscillator, the stock is at -0.02, and the 14-day reading is at -0.18.
Analyst Ratings
In a note to investors, Mizuho maintained its a Buy rating on SoFi Technologies Inc. (NASDAQ: SOFI). However, the firm raised their price target to $15, indicating a possible increase of 8.56% in the stock price. Analysts have assigned SoFi Technologies Inc. (SOFI) an Hold rating. SOFI is a stock that is recommended for selling by 4 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 6 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 $3.00 and $16.00, with a median target price of $10.00. In analyzing these forecasts, the average price target given by analysts for SoFi Technologies Inc. (SOFI) is $10.32.
