SoFi Technologies Inc [NASDAQ: SOFI] stock went on a downward path that fall over -3.73% on Friday, amounting to a one-week price increase of more than 6.32%.
Over the last 12 months, SOFI stock rose by 54.84%. The one-year SoFi Technologies Inc stock forecast points to a potential downside of -37.05. The average equity rating for SOFI stock is currently 2.89, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $16.69 billion, with 1.08 billion shares outstanding and 1.06 billion shares in the current float. Compared to the average trading volume of 52.70M shares, SOFI stock reached a trading volume of 30858111 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 $11.66 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 2.89. 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 Underperform, with their previous recommendation back on December 09, 2024. While these analysts kept the previous recommendation, BTIG Research raised their target price to Neutral. The new note on the price target was released on June 07, 2024, representing the official price target for SoFi Technologies Inc stock. Previously, the target price had yet another raise to $11, while Citigroup analysts kept a Buy rating on SOFI stock. On April 05, 2024, analysts increased their price target for SOFI shares from 6.50 to 7.50.
The Average True Range (ATR) for SoFi Technologies Inc is set at 0.83, with the Price to Sales ratio for SOFI stock in the period of the last 12 months amounting to 4.60. The Price to Book ratio for the last quarter was 2.83, with the Price to Cash per share for the same quarter was set at 2.95. Price to Free Cash Flow for SOFI in the course of the last twelve months was 139.15.
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 6.32. With this latest performance, SOFI shares gained by 3.16% in over the last four-week period, additionally plugging by 141.75% over the last 6 months – not to mention a rise of 54.84% 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 56.12, with the RSI for the last a single of trading hit 53.15, and the three-weeks RSI is set at 58.81 for SoFi Technologies Inc [SOFI]. The present Moving Average for the last 50 days of trading for this stock 13.91, while it was recorded at 15.92 for the last single week of trading, and 8.95 for the last 200 days.
SoFi Technologies Inc [SOFI] Institutonal Ownership Details
There are presently around $43.75%, or 45.26%% 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%.
