SoFi Technologies Inc. [SOFI] Revenue clocked in at $565.53 million, up 24.12% YTD: What’s Next?

SoFi Technologies Inc. [NASDAQ: SOFI] loss -1.03% or -0.16 points to close at $15.44 with a heavy trading volume of 6586372 shares. The company report on July 15, 2021 that SoFi Schedules Conference Call to Discuss Q2 2021 Results.

SoFi (NASDAQ: SOFI), a leading next-generation financial services platform, announced plans to host a conference call to discuss financial and operating results for the second quarter 2021 on Thursday, August 12, 2021, at 5 p.m. Eastern Time. SoFi also plans to release its second quarter fiscal year 2021 results on the Investor Relations section of its website at https://investors.sofi.com after the close of the financial markets on Thursday, August 12, 2021.

Full session details are as follows:.

It opened the trading session at $15.355, the shares rose to $15.79 and dropped to $15.35, the range by which the price of stock traded the whole day. The daily chart for SOFI points out that the company has recorded -38.58% loss over the past six months. However, it is still -52.87% lower than its most recent low trading price.

If we look at the average trading volume of 11.56M shares, SOFI reached to a volume of 6586372 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 0.92, with the Price to Sales ratio for SOFI stock in the period of the last 12 months amounting to 21.94. The Price to Book ratio for the last quarter was 2.51, 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 -1.66. With this latest performance, SOFI shares dropped by -19.46% in over the last four-week period, additionally sinking by -38.58% 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 39.52, with the RSI for the last a single of trading hit 40.30, and the three-weeks RSI is set at 40.94 for SoFi Technologies Inc. [SOFI]. The present Moving Average for the last 50 days of trading for this stock 19.00, while it was recorded at 15.37 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 -$25,560 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 $262 million, or 2.90% 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 0.90% of the total institutional ownership; GILDER GAGNON HOWE & CO LLC, holding 2,327,063 shares of the stock with an approximate value of $35.93 million in SOFI stocks shares; and ATHANOR CAPITAL, LP, currently with $14.21 million in SOFI stock with ownership of nearly New of the company’s market capitalization.

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Positions in SoFi Technologies Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 123 institutional holders increased their position in SoFi Technologies Inc. [NASDAQ:SOFI] by around 15,577,348 shares. Additionally, 70 investors decreased positions by around 36,673,257 shares, while 13 investors held positions by with 35,266,307 shares. The mentioned changes placed institutional holdings at 16,984,298 shares, according to the latest SEC report filing. SOFI stock had 96 new institutional investments in for a total of 13,060,207 shares, while 60 institutional investors sold positions of 34,653,312 shares during the same period.

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