SoFi Technologies Inc [NASDAQ: SOFI] gained 4.59% or 0.33 points to close at $7.52 with a heavy trading volume of 52154735 shares.
The daily chart for SOFI points out that the company has recorded -7.96% loss over the past six months.
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If we look at the average trading volume of 37.17M shares, SOFI reached to a volume of 52154735 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 $8.14 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.
BTIG Research have made an estimate for SoFi Technologies Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 07, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on April 08, 2024, representing the official price target for SoFi Technologies Inc stock. Previously, the target price had yet another raise from $6.50 to $7.50, while Keefe Bruyette kept a Mkt Perform rating on SOFI stock.
The Average True Range (ATR) for SoFi Technologies Inc is set at 0.33, with the Price to Sales ratio for SOFI stock in the period of the last 12 months amounting to 2.36. The Price to Book ratio for the last quarter was 1.36, with the Price to Cash per share for the same quarter was set at 2.76. Price to Free Cash Flow for SOFI in the course of the last twelve months was 47.83.
Trading performance analysis for SOFI stock
SoFi Technologies Inc [SOFI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.43. With this latest performance, SOFI shares gained by 3.44% in over the last four-week period, additionally sinking by -7.96% over the last 6 months – not to mention a drop of -10.79% 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 60.78, with the RSI for the last a single of trading hit 65.41, and the three-weeks RSI is set at 57.99 for SoFi Technologies Inc [SOFI]. The present Moving Average for the last 50 days of trading for this stock 6.88, while it was recorded at 7.37 for the last single week of trading, and 7.51 for the last 200 days.
SoFi Technologies Inc [SOFI]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, SoFi Technologies Inc posted -0.29/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 fail the estimates by a Surprise Factor of -0.22. 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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for SoFi Technologies Inc go to 51.50%.
An analysis of Institutional ownership at SoFi Technologies Inc [SOFI]
There are presently around $42.26%, or 43.69%% of SOFI stock, in the hands of institutional investors. The top three institutional holders of SOFI stocks are: VANGUARD GROUP INC with ownership of 90.03 million shares, which is approximately 9.1623%. BLACKROCK INC., holding 45.46 million shares of the stock with an approximate value of $$300.47 million in SOFI stocks shares; and BLACKROCK INC., currently with $$205.93 million in SOFI stock with ownership which is approximately 3.1705%.
