SoFi Technologies Inc (NASDAQ: SOFI) is -27.64% lower on its value in year-to-date trading and has touched a low of $4.45 and a high of $11.70 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SOFI stock was last observed hovering at around $7.12 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $7.20, the stock is -2.29% and -7.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 34.06 million and changing 1.12% at the moment leaves the stock -12.10% off its SMA200. SOFI registered 21.62% gain for a year compared to 6-month loss of -11.33%.
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The stock witnessed a 2.42% gain in the last 1 month and extending the period to 3 months gives it a -6.74%, and is -8.75% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.11% over the week and 3.84% over the month.
SoFi Technologies Inc (SOFI) has around 4400 employees, a market worth around $7.61B and $2.91B in sales. Fwd P/E is 28.16. Profit margin for the company is -11.72%. Distance from 52-week low is 61.80% and -38.46% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.13%).
The EPS is expected to grow by 122.35% this year.
SoFi Technologies Inc (SOFI) Top Institutional Holders
The shares outstanding are 1.06B, and float is at 977.88M with Short Float at 17.55%.
SoFi Technologies Inc (SOFI) Insider Activity
The most recent transaction is an insider sale by Rishel Jeremy,the company’sChief Technology Officer. SEC filings show that Rishel Jeremy sold 56,273 shares of the company’s common stock on Mar 19 ’24 at a price of $6.93 per share for a total of $0.39 million. Following the sale, the insider now owns 0.39 million shares.
SoFi Technologies Inc disclosed in a document filed with the SEC on Dec 19 ’23 that Rishel Jeremy (Chief Technology Officer) sold a total of 56,273 shares of the company’s common stock. The trade occurred on Dec 19 ’23 and was made at $9.78 per share for $0.55 million. Following the transaction, the insider now directly holds 0.34 million shares of the SOFI stock.
Still, SEC filings show that on Nov 21 ’23, Noto Anthony (Chief Executive Officer) acquired 22,500 shares at an average price of $6.50 for $0.15 million. The insider now directly holds 7,261,789 shares of SoFi Technologies Inc (SOFI).
