SoFi Technologies Inc (NASDAQ:SOFI) finished Thursday with an addition of $0.17 to close at $7.77, an upside of 2.24 percent. An average of 27,231,000 shares of common stock have been traded in the last five days. There was a fall of -$0.18 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 23,250,699 shares traded, while the 50-day average volume stands at 33,510,883.
SOFI stock has decreased by -8.16% in the last month. The company shares reached their 1-month lowest point of $7.37 on 09/26/23. 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 68.55% or $3.16 in price. In spite of this, the price is down -33.59% 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 28 days ago on Sep 01. In this transaction, the insider spent $475,364. President – SoFi Bank, Borton Chad M, disposed of 90,458 shares at a price of $8.68 on Jun 16. The insider now owns more than $784,985 worth of shares. Prior to that, Chief Marketing Officer Stafford Webb Lauren went on to Sale 100,000 shares at $9.29 each on Jun 15. An amount of $928,800 was transacted.
Valuation Metrics
SoFi Technologies Inc (SOFI) stock’s beta is 1.91. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.20, the price-to-book (PB) ratio at 1.40, and the price-to-cash flow ratio at 25.21.
Financial Health
Further, the company has a long term debt to equity ratio of 1.10 and a total debt to equity ratio of 1.19 for the quarter ending June 29. Its gross profit as reported stood at $584.1 million compared to revenue of $773.37 million.
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 28 September was 37.65%, suggesting the stock is Neutral, with historical volatility in this time frame at 41.88%.
As of today, SOFI’s price is $7.56 -2.26% or -$0.18 from its 5-day moving average. SOFI is currently trading -11.10% lower than its 20-day SMA and +50.58% higher than its 100-day SMA. However, the stock’s current price level is -21.12% below the SMA50 and +79.03% above the SMA200.
The stochastic %K and %D were 12.10% and 7.81%, respectively, and the average true range (ATR) was 0.35. With the 14-day stochastic at 22.00% and the average true range at 0.37, the RSI (14) stands at 39.27%. The stock has reached -0.34 on the 9-day MACD Oscillator while the 14-day reading was at -0.71.
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 13.67% for the stock. The consensus rating for SoFi Technologies Inc (SOFI) among analysts is Hold. According to current brokerage recommendations, 4 brokerage firms advise that investors sell SOFI, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 6 others rate it as a “buy”.
What is SOFI’s price target for the next 12 months?
Analysts predict a range of price targets between $3.00 and $16.00, with a median target of $10.75. Taking a look at these predictions, the average price target given by analysts for SoFi Technologies Inc (SOFI) stock is $10.38.
