SoFi Technologies Inc [NASDAQ: SOFI] stock went on an upward path that rose over 1.94% on Friday, amounting to a one-week price increase of more than 3.41%. The company report on January 29, 2024 at 7:30 AM that SoFi Breaks Down Barriers to Investing By Offering Alternative Investments.
SoFi Invest members will now be able to invest in mutual funds and money market funds as well as select alternative investments.
SoFi (NASDAQ: SOFI), the all-in-one digital personal finance company, announced today that SoFi Invest members will now be able to invest in select alternative investment funds, mutual funds, and money market funds. With the launch of alternative investments, SoFi is granting everyday investors access to the power to build and protect their wealth through investment opportunities traditionally reserved for the ultra wealthy.
Over the last 12 months, SOFI stock rose by 6.78%. The one-year SoFi Technologies Inc stock forecast points to a potential upside of 15.09. The average equity rating for SOFI stock is currently 3.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $7.55 billion, with 975.86 million shares outstanding and 886.45 million shares in the current float. Compared to the average trading volume of 51.25M shares, SOFI stock reached a trading volume of 53135858 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $9.28 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 3.00. 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.
Morgan Stanley have made an estimate for SoFi Technologies Inc shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on January 31, 2024.
The Average True Range (ATR) for SoFi Technologies Inc is set at 0.55, with the Price to Sales ratio for SOFI stock in the period of the last 12 months amounting to 2.59. The Price to Book ratio for the last quarter was 1.47, with the Price to Cash per share for the same quarter was set at 3.77. Price to Free Cash Flow for SOFI in the course of the last twelve months was 25.39.
SOFI Stock Performance Analysis:
SoFi Technologies Inc [SOFI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.41. With this latest performance, SOFI shares dropped by -5.17% in over the last four-week period, additionally sinking by -21.59% over the last 6 months – not to mention a rise of 6.78% 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 46.90, with the RSI for the last a single of trading hit 46.93, and the three-weeks RSI is set at 47.47 for SoFi Technologies Inc [SOFI]. The present Moving Average for the last 50 days of trading for this stock 8.31, while it was recorded at 8.20 for the last single week of trading, and 7.90 for the last 200 days.
SOFI Stock EPS
With the latest financial reports released by the company, SoFi Technologies Inc posted -0.05/share EPS, while the average EPS was predicted by analysts to be reported at -0.07/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 28.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SOFI.
SoFi Technologies Inc [SOFI] Institutonal Ownership Details
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%.
