SoFi Technologies Inc (NASDAQ: SOFI): A Good Investment At Current Prices?

SoFi Technologies Inc (NASDAQ:SOFI)’s traded shares stood at 8.15 million during the latest session, with the company’s beta value hitting 1.69. At the last check today, the stock’s price was $6.26, to imply a decrease of -1.03% or -$0.06 in intraday trading. The SOFI share’s 52-week high remains $11.70, putting it -86.9% down since that peak but still an impressive 0.0% since price per share fell to its 52-week low of $6.26. The company has a valuation of $6.61B, with an average of 40.67 million shares over the past 3 months.

SoFi Technologies Inc (NASDAQ:SOFI) trade information

After registering a -1.03% downside in the latest session, SoFi Technologies Inc (SOFI) has traded red over the past five days. The stock hit a weekly high of 6.76, dropping -1.03% in its intraday price action. The 5-day price performance for the stock is -8.01%, and -11.65% over 30 days. With these gigs, the year-to-date price performance is -37.14%.

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SoFi Technologies Inc (SOFI) estimates and forecasts

Looking at statistics comparing SoFi Technologies Inc share performance against respective industry, we note that the company has outperformed competitors. SoFi Technologies Inc (SOFI) shares are -37.07% down over the last 6 months, with its year-to-date growth rate higher than industry average at 122.22% against 14.90%. The rating firms project that company’s revenue will grow 15.80% compared to the previous financial year.

Revenue forecast for the current quarter as set by 11 analysts is 566.41M. Meanwhile, for the current quarter, a total of 11 analyst(s) estimate revenue growth to 612.85M.Earnings reports from the last fiscal year show that sales brought in 488.81M and 530.72M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 15.90% before jumping 15.50% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 32.14% for the past 5-year period. While 2024 is set for a 124.28% return in earnings, projections for the next 5 years are at 51.10% annually.

SOFI Dividends

SoFi Technologies Inc has its next earnings report out in July. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. SoFi Technologies Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.