SoFi Technologies Inc (NASDAQ:SOFI) saw a downside of -0.40% to close Monday at $7.51 after subtracting -$0.03 on the day. The 5-day average trading volume is 26,224,219 shares of the company’s common stock. It has gained $8.87 in the past week and touched a new high 1 time within the past 5 days. An average of 22,940,115 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 34,669,770.
SOFI’s 1-month performance is -7.51% or -$0.78 on its low of $7.40 reached on 09/25/23. The company’s shares have touched a 52-week low of $4.24 and high of $11.70, with the stock’s rally to the 52-week high happening on 07/31/23. YTD, SOFI has achieved 62.91% or $2.90 and has reached a new high 20 times. However, the current price is down -35.81% from the 52-week high price.
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Insider Transactions
SOFI stock investors last saw insider trading activity on Sep 01.Rishel Jeremy (Chief Technology Officer) most recently sold 53,532 shares at $8.88 per share on Sep 01. This transaction cost the insider $475,364. President – SoFi Bank, Borton Chad M, sold 90,458 shares at a price of $8.68 on Jun 16. Then, on Jun 15, Chief Marketing Officer Stafford Webb Lauren sold 100,000 shares at a price of $9.29 per share. This transaction amounted to $928,800.
Valuation Metrics
SOFI stock has a beta of 1.92. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.10 while the price-to-book (PB) in the most recent quarter is 1.36, with the price to cash flow ratio at 24.37.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.10, while the total debt to equity was 1.19. In terms of profitability, the gross margin trailing 12 months is 57.15%. The firm’s gross profit as reported stood at $584.1 million against revenue of $773.37 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected SOFI to announce -$0.06 per share in earnings in its latest quarter, but it posted -$0.06, representing a 0.00% surprise. Shareholders hold equity totaling $950.11 million.
Let’s look briefly at SoFi Technologies Inc (SOFI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 23.51% to suggest the stock is trending oversold, with historical volatility in this time period at 37.04%.
The stock’s 5-day moving average is $7.99, reflecting a -13.38% or -$1.16 change from its current price. SOFI is currently trading -9.41% above its 20-day SMA, +53.11% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -17.29% and SMA200 by+73.84%.
Stochastic %K and %D was 5.00% and 9.89% and the average true range (ATR) pointed at 0.38. The RSI (14) points at 31.54%, while the 14-day stochastic is at 6.15% with the period’s ATR at 0.39. The stock’s 9-day MACD Oscillator is pointing at -0.73 and -0.84 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for SoFi Technologies Inc (NASDAQ: SOFI), Mizuho reiterated its a Buy rating for the company but lifted their price target by $9 to $15. Analysts offering their rating for SOFI stock have a consensus rating for the stock as Hold. Currently, 4 brokerage advisors rate SOFI as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 have offered a “buy” rating.
What is SOFI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.00 and a high of $16.00, with their median price target at $10.75. Looking at these predictions, the average price target given by analysts is for SoFi Technologies Inc (SOFI) stock is $10.38.
