As of Wednesday close, SoFi Technologies Inc.’s (NASDAQ:SOFI) stock was down -$0.3, moving down -3.48 percent to $8.32. The average number of shares traded per day over the past five days has been 23,312,859 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.48 fall in that time frame. In the last twenty days, the average volume was 21,975,824, while in the previous 50 days, it was 35,304,262.
Since last month, SOFI stock rose 0.36%. Shares of the company fell to $8.06 on 08/25/23, 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 80.48% or $3.71, and marked a new high 20 times. However, the stock has declined by -28.89% since its 52-week high.
SOFI stock investors should be aware that SoFi Technologies Inc. (SOFI) stock had its last reported insider trading activity 20 days ago on Sep 01. Rishel Jeremy, the Chief Technology Officer of the company, disposed of 53,532 shares for $8.88 on Sep 01. It resulted in a $475,364 divestment by the insider. Borton Chad M sold 90,458 shares at an average price of $8.68 on Jun 16. The insider now owns 229,449 shares following the transaction. On Jun 15, Chief Marketing Officer Stafford Webb Lauren sold 100,000 shares at $9.29 apiece. The transaction was valued at $928,800.
Valuation Metrics
The stock’s beta is 1.88. Besides these, the trailing price-to-sales (P/S) ratio of 5.86, the price-to-book (PB) ratio of 1.48.
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 41.78%, the RSI 9-day stood at 37.35% on 20 September.
With respect to its five-day moving average, the current SoFi Technologies Inc. price is down by -5.45% percent or -$0.48. At present, SOFI shares trade +2.09% above its 20-day simple moving average and +37.29% percent above its 100-day simple moving average. However, the stock is currently trading approximately -8.27% below its SMA50 and +75.53% above its SMA200.
Stochastic coefficient K was 33.75% and Stochastic coefficient D was 56.29%, while ATR was 0.37. Given the Stochastic reading of 10.33% for the 14-day period, the RSI (14) reading has been calculated as 42.19%. As of today, the MACD Oscillator reading stands at -0.24, while the 14-day reading stands at -0.20.
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 7.56% 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 8 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 $10.75, 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 $10.38.
