Is SoFi Technologies Inc’s (NASDAQ: SOFI) Stock Ready For A Price Spike?

In today’s recent session, 12.75 million shares of the SoFi Technologies Inc (NASDAQ:SOFI) have been traded, and its beta is 1.72. Most recently the company’s share price was $7.44, and it changed around $0.11 or 1.50% from the last close, which brings the market valuation of the company to $7.87B. SOFI at last check was trading at a discount to its 52-week high of $11.70, offering almost -57.26% off that amount. The share price’s 52-week low was $6.15, which indicates that the recent value has risen by an impressive 17.34% since then. We note from SoFi Technologies Inc’s average daily trading volume that its 3-month average coming to 38.52 million.

SoFi Technologies Inc stock received a consensus recommendation rating of Underweight, based on a mean score of 2.89. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended SOFI as a Hold, whereas 0 deemed it a Buy, and 2 rated it as Underweight.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

SoFi Technologies Inc (NASDAQ:SOFI) trade information

Instantly SOFI has been showing a green trend so far today with a performance of 1.50% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -25.23% year-to-date, but still up 16.61% over the last five days. On the other hand, SoFi Technologies Inc (NASDAQ:SOFI) is 9.41% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $9.71, which translates to bulls needing to increase their stock price by 23.38% from its current value. Analyst projections state that SOFI is forecast to be at a low of $2.5 and a high of $22.

SoFi Technologies Inc (SOFI) estimates and forecasts

SoFi Technologies Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -5.70 percent over the past six months and at a 122.22% annual growth rate that is well above the industry average of 15.20%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 32.14%. SoFi Technologies Inc earnings are expected to increase by 124.07% in 2024, but the outlook is positive 51.10% per year for the next five years.

SOFI Dividends

SoFi Technologies Inc’s next quarterly earnings report is expected to be released in August.