SoFi Technologies Inc. [SOFI] gain 38.39% so far this year. What now?

SoFi Technologies Inc. [NASDAQ: SOFI] loss -2.60% or -0.17 points to close at $6.38 with a heavy trading volume of 16828804 shares. The company report on February 21, 2023 that SoFi to Participate in Upcoming Investor Conferences.

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SoFi (NASDAQ: SOFI), the digital personal finance company, today announced that it will participate in two upcoming investor conferences. SoFi’s Chief Executive Officer, Anthony Noto, will participate in a moderated fireside chat discussion at Bank of America’s ’23 Electronic Payments Symposium. SoFi’s Chief Financial Officer, Chris Lapointe, will participate in a moderated fireside chat discussion at the KBW Fintech Payments Conference.

Full session details for the conference appearances are as follows:.

It opened the trading session at $6.38, the shares rose to $6.45 and dropped to $6.31, the range by which the price of stock traded the whole day. The daily chart for SOFI points out that the company has recorded -1.09% loss over the past six months. However, it is still -50.47% lower than its most recent low trading price.

If we look at the average trading volume of 38.72M shares, SOFI reached to a volume of 16828804 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]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SOFI shares is $7.58 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 2.10. 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.

JP Morgan have made an estimate for SoFi Technologies Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 17, 2023. While these analysts kept the previous recommendation, BofA Securities raised their target price from $8 to $9. The new note on the price target was released on September 14, 2022, representing the official price target for SoFi Technologies Inc. stock. On May 16, 2022, analysts decreased their price target for SOFI shares from 12 to 10.

The Average True Range (ATR) for SoFi Technologies Inc. is set at 0.37, with the Price to Sales ratio for SOFI stock in the period of the last 12 months amounting to 13.41. The Price to Book ratio for the last quarter was 1.13, with the Price to Cash per share for the same quarter was set at 1.15.

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 -8.60. With this latest performance, SOFI shares gained by 10.19% in over the last four-week period, additionally sinking by -1.09% over the last 6 months – not to mention a drop of -35.03% 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 48.45, with the RSI for the last a single of trading hit 41.43, and the three-weeks RSI is set at 52.12 for SoFi Technologies Inc. [SOFI]. The present Moving Average for the last 50 days of trading for this stock 5.74, while it was recorded at 6.50 for the last single week of trading, and 5.88 for the last 200 days.

SoFi Technologies Inc. [SOFI]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and SoFi Technologies Inc. [SOFI] shares currently have an operating margin of -7.34 and a Gross Margin at +50.66. SoFi Technologies Inc.’s Net Margin is presently recorded at -18.18.

Return on Equity for this stock declined to -6.27, with Return on Assets sitting at -2.27.

An analysis of insider ownership at SoFi Technologies Inc. [SOFI]

There are presently around $2,157 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 68,270,315, which is approximately 2.188% of the company’s market cap and around 1.30% of the total institutional ownership; BLACKROCK INC., holding 35,647,665 shares of the stock with an approximate value of $227.43 million in SOFI stocks shares; and SILVER LAKE GROUP, L.L.C., currently with $198.76 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 Monday and at the time of the Monday reporting period, where 271 institutional holders increased their position in SoFi Technologies Inc. [NASDAQ:SOFI] by around 52,049,764 shares. Additionally, 206 investors decreased positions by around 34,412,270 shares, while 97 investors held positions by with 251,658,440 shares. The mentioned changes placed institutional holdings at 338,120,474 shares, according to the latest SEC report filing. SOFI stock had 98 new institutional investments in for a total of 19,608,127 shares, while 57 institutional investors sold positions of 3,912,546 shares during the same period.


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