For SoFi Technologies Inc. [SOFI], Analyst sees a rise to $9. What next?

SoFi Technologies Inc. [NASDAQ: SOFI] plunged by -$0.2 during the normal trading session on Friday and reaching a high of $5.49 during the day while it closed the day at $5.18. The company report on November 17, 2022 that Galileo to Power Fintech Pomelo’s ‘Remit Now, Pay Later’ Credit Card to Boost Financial Access.

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Pomelo will tap Galileo’s flexible API-enabled platform for first of its kind combined credit and U.S.-based international money transfer service.

Galileo Financial Technologies, LLC, a leading financial technology company owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI), announced today that its API-enabled financial technology powers Pomelo, a new charge card that allows families in the U.S. to build and extend their credit access abroad without incurring expensive remittance fees.

SoFi Technologies Inc. stock has also loss -12.94% of its value over the past 7 days. However, SOFI stock has declined by -15.08% in the 3 months of the year. Over the past six months meanwhile, it has lost -30.84% and lost -67.24% year-on date.

The market cap for SOFI stock reached $4.99 billion, with 916.76 million shares outstanding and 870.77 million shares in the current float. Compared to the average trading volume of 45.37M shares, SOFI reached a trading volume of 36366279 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about SoFi Technologies Inc. [SOFI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SOFI shares is $8.08 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SOFI stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for SoFi Technologies Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 14, 2022. While these analysts kept the previous recommendation, Seaport Research Partners raised their target price to Neutral. The new note on the price target was released on September 09, 2022, representing the official price target for SoFi Technologies Inc. stock. Previously, the target price had yet another drop from $12 to $10, while Piper Sandler kept a Overweight rating on SOFI stock.

The Average True Range (ATR) for SoFi Technologies Inc. is set at 0.36, with the Price to Sales ratio for SOFI stock in the period of the last 12 months amounting to 8.90. The Price to Book ratio for the last quarter was 0.92, with the Price to Cash per share for the same quarter was set at 1.15.

SOFI stock trade performance evaluation

SoFi Technologies Inc. [SOFI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.94. With this latest performance, SOFI shares gained by 3.39% in over the last four-week period, additionally sinking by -30.84% over the last 6 months – not to mention a drop of -74.82% in the past year of trading.

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 45.70, with the RSI for the last a single of trading hit 42.87, and the three-weeks RSI is set at 46.44 for SoFi Technologies Inc. [SOFI]. The present Moving Average for the last 50 days of trading for this stock 5.38, while it was recorded at 5.56 for the last single week of trading, and 7.08 for the last 200 days.

SoFi Technologies Inc. [SOFI]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and SoFi Technologies Inc. [SOFI] shares currently have an operating margin of -34.79 and a Gross Margin at +41.65. SoFi Technologies Inc.’s Net Margin is presently recorded at -44.49.

Return on Equity for this stock declined to -12.49, with Return on Assets sitting at -5.46.

SoFi Technologies Inc. [SOFI]: Insider Ownership positions

There are presently around $1,652 million, or 34.60% of SOFI stock, in the hands of institutional investors. The top three institutional holders of SOFI stocks are: VANGUARD GROUP INC with ownership of 66,808,733, which is approximately 7.822% of the company’s market cap and around 1.30% of the total institutional ownership; BLACKROCK INC., holding 31,679,161 shares of the stock with an approximate value of $164.1 million in SOFI stocks shares; and SILVER LAKE GROUP, L.L.C., currently with $161.38 million in SOFI stock with ownership of nearly 0% of the company’s market capitalization.

Positions in SoFi Technologies Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 267 institutional holders increased their position in SoFi Technologies Inc. [NASDAQ:SOFI] by around 46,667,566 shares. Additionally, 157 investors decreased positions by around 127,065,856 shares, while 107 investors held positions by with 145,271,709 shares. The mentioned changes placed institutional holdings at 319,005,131 shares, according to the latest SEC report filing. SOFI stock had 79 new institutional investments in for a total of 13,262,740 shares, while 46 institutional investors sold positions of 100,322,666 shares during the same period.


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