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SoFi Technologies Inc (NASDAQ:SOFI): Buy, Sell Or Hold At $8.08?

In last trading session, SoFi Technologies Inc (NASDAQ:SOFI) saw 49.1 million shares changing hands with its beta currently measuring 1.77. Company’s recent per share price level of $8.08 trading at $0.42 or 5.48% at ring of the bell on the day assigns it a market valuation of $7.75B. That closing price of SOFI’s stock is at a discount of -44.8% from its 52-week high price of $11.70 and is indicating a premium of 44.93% from its 52-week low price of $4.45. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 89.14 million shares which gives us an average trading volume of 51.39 million if we extend that period to 3-months.

SoFi Technologies Inc (NASDAQ:SOFI) trade information

Upright in the green during last session for gaining 5.48%, in the last five days SOFI remained trading in the green while hitting it’s week-highest on Thursday, 02/08/24 when the stock touched $8.08 price level, adding 0.74% to its value on the day. SoFi Technologies Inc’s shares saw a change of -18.79% in year-to-date performance and have moved 4.53% in past 5-day. SoFi Technologies Inc (NASDAQ:SOFI) showed a performance of -2.88% in past 30-days. Number of shares sold short was 118.55 million shares which calculate 2.56 days to cover the short interests.

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SoFi Technologies Inc (SOFI) estimates and forecasts

Statistics highlight that SoFi Technologies Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -10.12% of value to its shares in past 6 months, showing an annual growth rate of 119.44% while that of industry is 7.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 120.00% in the current quarter and calculating 116.70% increase in the next quarter. This year revenue growth is estimated to rise 15.80% from the last financial year’s standing.

12 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $568.38 million for the same. And 11 analysts are in estimates of company making revenue of $589.76 million in the next quarter that will end on Jun 2024. Company posted $460.16 million and $488.81 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 23.50% while estimating it to be 20.70% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 33.83% during past 5 years.

SOFI Dividends

SoFi Technologies Inc is more likely to be releasing its next quarterly report between April 29 and May 03 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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