As of Thursday close, SoFi Technologies Inc.’s (NASDAQ:SOFI) stock was down -$0.08, moving down -0.92 percent to $8.66. The average number of shares traded per day over the past five days has been 23,687,760 shares. 4 times new highs have been achieved over the past 5 days, with a $0.54 gain in that time frame. In the last twenty days, the average volume was 27,718,596, while in the previous 50 days, it was 40,821,332.
Since last month, SOFI stock retreated -14.09%. Shares of the company fell to $7.89 on 08/18/23, 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 87.85% or $4.05, and marked a new high 20 times. However, the stock has declined by -25.98% since its 52-week high.
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SOFI stock investors should be aware that SoFi Technologies Inc. (SOFI) stock had its last reported insider trading activity 77 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 1.88. Besides these, the trailing price-to-sales (P/S) ratio of 5.98, the price-to-book (PB) ratio of 1.54.
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 37.08%, the RSI 9-day stood at 52.50% on 31 August.
With respect to its five-day moving average, the current SoFi Technologies Inc. price is up by +6.65% percent or $0.54. At present, SOFI shares trade -13.83% below its 20-day simple moving average and +46.53% percent above its 100-day simple moving average. However, the stock is currently trading approximately +0.35% above its SMA50 and +45.55% above its SMA200.
Stochastic coefficient K was 72.10% and Stochastic coefficient D was 52.35%, while ATR was 0.40. Given the Stochastic reading of 78.57% for the 14-day period, the RSI (14) reading has been calculated as 49.72%. As of today, the MACD Oscillator reading stands at 0.25, while the 14-day reading stands at 0.26.
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 3.78% increase in the stock price.
With a median target price of $10.00, 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 $10.32.
