SoFi Technologies Inc (NASDAQ: SOFI) is -22.11% lower on its value in year-to-date trading and has touched a low of $6.15 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 $7.33 in the last trading session, with the day’s gains setting it 0.42%.
Currently trading at $7.75, the stock is 18.48% and 13.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 62.61 million and changing 5.73% at the moment leaves the stock 2.04% off its SMA200. SOFI registered -14.65% loss for a year compared to 6-month loss of -1.77%.
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The stock witnessed a 13.97% gain in the last 1 month and extending the period to 3 months gives it a 8.85%, and is 21.47% up 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 4.75% over the week and 3.39% over the month.
SoFi Technologies Inc (SOFI) has around 4400 employees, a market worth around $8.19B and $3.21B in sales. Fwd P/E is 32.55. Profit margin for the company is -6.81%. Distance from 52-week low is 26.02% and -33.76% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.39%).
The EPS is expected to grow by 124.07% this year.
SoFi Technologies Inc (SOFI) Top Institutional Holders
The shares outstanding are 1.06B, and float is at 1.01B with Short Float at 18.60%.
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 Jun 20 ’24 at a price of $6.41 per share for a total of $0.36 million. Following the sale, the insider now owns 0.45 million shares.
SoFi Technologies Inc disclosed in a document filed with the SEC on Jun 14 ’24 that Noto Anthony (Chief Executive Officer) bought a total of 30,715 shares of the company’s common stock. The trade occurred on Jun 14 ’24 and was made at $6.48 per share for $0.2 million. Following the transaction, the insider now directly holds 8.12 million shares of the SOFI stock.
Still, SEC filings show that on Jun 13 ’24, Qatar Investment Authority (Director by deputization) disposed off 19,840,073 shares at an average price of $6.78 for $134.52 million. The insider now directly holds 0 shares of SoFi Technologies Inc (SOFI).
