Now Is A Good Time To Buy SoFi Technologies Inc (NASDAQ: SOFI)

During the last session, SoFi Technologies Inc (NASDAQ:SOFI)’s traded shares were 47.08 million, with the beta value of the company hitting 1.71. At the end of the trading day, the stock’s price was $7.59, reflecting an intraday loss of -0.13% or -$0.01. The 52-week high for the SOFI share is $11.70, that puts it down -54.15 from that peak though still a striking 41.37% gain since the share price plummeted to a 52-week low of $4.45. The company’s market capitalization is $8.02B, and the average trade volume was 54.36 million shares over the past three months.

SoFi Technologies Inc (NASDAQ:SOFI) trade information

SoFi Technologies Inc (SOFI) registered a -0.13% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.13% in intraday trading to $7.59, hitting a weekly high. The stock’s 5-day price performance is 6.45%, and it has moved by 5.42% in 30 days. Based on these gigs, the overall price performance for the year is 32.00%.

SoFi Technologies Inc (SOFI) estimates and forecasts

Statistics show that SoFi Technologies Inc has outperformed its competitors in share price, compared to the industry in which it operates. SoFi Technologies Inc (SOFI) shares have gone up 2.85% during the last six months, with a year-to-date growth rate more than the industry average at 122.22% against 18.50. In the rating firms’ projections, revenue will increase 14.30% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 555.8M as predicted by 10 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 580.62M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 460.16M and 488.81M respectively. In this case, analysts expect current quarter sales to grow by 20.80% and then jump by 18.80% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 32.14%. While earnings are projected to return 122.52% in 2024.

SOFI Dividends

SoFi Technologies Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

SoFi Technologies Inc (NASDAQ:SOFI)’s Major holders