SoFi Technologies Inc [SOFI] Is Currently -3.43 below its 200 Period Moving Avg: What Does This Mean?

SoFi Technologies Inc [NASDAQ: SOFI] loss -3.43% or -0.28 points to close at $7.89 with a heavy trading volume of 48811955 shares. The company report on January 8, 2024 at 11:00 AM that SoFi Takes Home Three Awards in NerdWallet’s 2024 Best-Of Awards.

SoFi Wins 2 Banking and 1 Lending Awards, Highlighting Continued Commitment to Offering a Suite of Best-In-Class Products to Make SoFi Consumers’ One Stop Financial Shop.

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Today, SoFi (NASDAQ: SOFI), the digital personal finance company, received three 2024 Best-Of Awards from NerdWallet, Inc., a platform that provides financial guidance to consumers and small and mid-sized businesses (SMBs). SoFi was recognized by NerdWallet and selected as the Best Checking Account Overall and Best Checking Account for Overdraft Fee Avoidance for SoFi Checking & Savings, as well as Best Personal Loan Overall for SoFi Loans.

It opened the trading session at $8.17, the shares rose to $8.30 and dropped to $7.81, the range by which the price of stock traded the whole day. The daily chart for SOFI points out that the company has recorded -13.11% loss over the past six months. However, it is still -77.3% lower than its most recent low trading price.

If we look at the average trading volume of 42.20M shares, SOFI reached to a volume of 48811955 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 $9.31 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 2.90. 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.

Deutsche Bank have made an estimate for SoFi Technologies Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on January 10, 2024.

The Average True Range (ATR) for SoFi Technologies Inc is set at 0.47, with the Price to Sales ratio for SOFI stock in the period of the last 12 months amounting to 2.91. The Price to Book ratio for the last quarter was 1.50, with the Price to Cash per share for the same quarter was set at 3.90. Price to Free Cash Flow for SOFI in the course of the last twelve months was 25.42.

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 -4.01. With this latest performance, SOFI shares dropped by -0.75% in over the last four-week period, additionally sinking by -13.11% over the last 6 months – not to mention a rise of 53.20% 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 40.25, with the RSI for the last a single of trading hit 33.65, and the three-weeks RSI is set at 44.18 for SoFi Technologies Inc [SOFI]. The present Moving Average for the last 50 days of trading for this stock 8.15, while it was recorded at 8.28 for the last single week of trading, and 7.76 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 +50.61. SoFi Technologies Inc’s Net Margin is presently recorded at -18.18.

Return on Total Capital for SOFI is now -1.29, given the latest momentum, and Return on Invested Capital for the company is -3.28. Return on Equity for this stock declined to -6.27, with Return on Assets sitting at -2.27. When it comes to the capital structure of this company, SoFi Technologies Inc [SOFI] has a Total Debt to Total Equity ratio set at 101.92. Additionally, SOFI Total Debt to Total Capital is recorded at 50.47, with Total Debt to Total Assets ending up at 29.64. Long-Term Debt to Equity for the company is recorded at 98.35, with the Long-Term Debt to Total Capital now at 45.89.

Reflecting on the efficiency of the workforce at the company, SoFi Technologies Inc [SOFI] managed to generate an average of -$76,287 per employee. Receivables Turnover for the company is 37.12 with a Total Asset Turnover recorded at a value of 0.13.

An analysis of Institutional ownership at SoFi Technologies Inc [SOFI]

The top three institutional holders of SOFI stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in SOFI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in SOFI stock with ownership which is approximately 5.8325%.