In today’s recent session, 8.28 million shares of the SoFi Technologies Inc (NASDAQ:SOFI) have been traded, and its beta is 1.73. Most recently the company’s share price was $6.53, and it changed around -$0.01 or -0.08% from the last close, which brings the market valuation of the company to $6.91B. SOFI at last check was trading at a discount to its 52-week high of $10.49, offering almost -60.64% off that amount. The share price’s 52-week low was $6.01, which indicates that the recent value has risen by an impressive 7.96% since then. We note from SoFi Technologies Inc’s average daily trading volume that its 10-day average is 52.4 million shares, with the 3-month average coming to 37.91 million.
SoFi Technologies Inc stock received a consensus recommendation rating of Underweight, based on a mean score of 2.88. 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.
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SoFi Technologies Inc (NASDAQ:SOFI) trade information
Instantly SOFI has been showing red trend so far today with a performance of -0.08% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 7.83 on recent trading dayincreased the stock’s daily price by 16.6%. The company’s shares are currently down -34.32% year-to-date, but still down -11.93% over the last five days. On the other hand, SoFi Technologies Inc (NASDAQ:SOFI) is 2.91% up in the 30-day period. We can see from the shorts that 184.98 million shares have been sold at a short interest cover period of 5.97 day(s).
The consensus price target as assigned by Wall Street analysts is $8, which translates to bulls needing to increase their stock price by 18.37% 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 -13.79 percent over the past six months and at a 125.00% annual growth rate that is well above the industry average of 14.10%.
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 127.47% in 2024, but the outlook is positive 51.50% per year for the next five years.
SOFI Dividends
SoFi Technologies Inc’s next quarterly earnings report is expected to be released on 2024-Oct-28.
SoFi Technologies Inc (NASDAQ:SOFI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.19% of SoFi Technologies Inc shares, and 41.27% of them are in the hands of institutional investors. The stock currently has a share float of 42.63%. SoFi Technologies Inc stock is held by 738.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-03-31, it held 8.6036% of the shares, which is about 82.83 million shares worth $604.63 million.
BLACKROCK INC., with 4.342% or 41.8 million shares worth $305.14 million as of 2024-03-31, holds the second largest percentage of outstanding shares.
