SoFi Technologies Inc. [NASDAQ: SOFI] loss -11.36% on the last trading session, reaching $18.50 price per share at the time. The company report on June 11, 2021 that SoFi Announces Election of Ruzwana Bashir to its Board of Directors.
Bashir Joins Newest Board Members Harvey Schwartz and Dick Costolo.
SoFi announced the election of Ruzwana Bashir to its Board of Directors.
SoFi Technologies Inc. represents 100.62 million in outstanding shares, while the company has a total market value of $18.06 billion with the latest information. SOFI stock price has been found in the range of $18.50 to $19.8999.
If compared to the average trading volume of 4.95M shares, SOFI reached a trading volume of 36679200 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about SoFi Technologies Inc. [SOFI]:
Rosenblatt have made an estimate for SoFi Technologies Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 16, 2021.
The Average True Range (ATR) for SoFi Technologies Inc. is set at 1.57, with the Price to Sales ratio for SOFI stock in the period of the last 12 months amounting to 31.93. The Price to Book ratio for the last quarter was 3.01, with the Price to Cash per share for the same quarter was set at 0.00.
Trading performance analysis for SOFI stock
SoFi Technologies Inc. [SOFI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -19.70. With this latest performance, SOFI shares dropped by -7.04% in over the last four-week period, additionally plugging by 53.53% over the last 6 months.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SOFI stock in for the last two-week period is set at 40.33, with the RSI for the last a single of trading hit 32.28, and the three-weeks RSI is set at 44.71 for SoFi Technologies Inc. [SOFI]. The present Moving Average for the last 50 days of trading for this stock 18.79, while it was recorded at 20.90 for the last single week of trading.
SoFi Technologies Inc. [SOFI]: A deeper dive into fundamental analysis
Reflecting on the efficiency of the workforce at the company, SoFi Technologies Inc. [SOFI] managed to generate an average of -$13,942,848 per employee.SoFi Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.20 and a Current Ratio set at 0.20.
An analysis of insider ownership at SoFi Technologies Inc. [SOFI]
There are presently around $304 million, or 2.50% of SOFI stock, in the hands of institutional investors. The top three institutional holders of SOFI stocks are: FRANKLIN RESOURCES INC with ownership of 3,600,018, which is approximately New of the company’s market cap and around 0.80% of the total institutional ownership; GILDER GAGNON HOWE & CO LLC, holding 2,327,063 shares of the stock with an approximate value of $43.05 million in SOFI stocks shares; and ATHANOR CAPITAL, LP, currently with $17.03 million in SOFI stock with ownership of nearly New of the company’s market capitalization.
Positions in SoFi Technologies Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 123 institutional holders increased their position in SoFi Technologies Inc. [NASDAQ:SOFI] by around 15,358,846 shares. Additionally, 61 investors decreased positions by around 37,068,979 shares, while 3 investors held positions by with 35,974,873 shares. The mentioned changes placed institutional holdings at 16,452,952 shares, according to the latest SEC report filing. SOFI stock had 105 new institutional investments in for a total of 12,955,122 shares, while 54 institutional investors sold positions of 35,047,959 shares during the same period.