In the last trading session, 41.12 million shares of the SoFi Technologies Inc (NASDAQ:SOFI) were traded, and its beta was 1.73. Most recently the company’s share price was $6.43, and it changed around -$0.11 or -1.68% from the last close, which brings the market valuation of the company to $6.80B. SOFI currently trades at a discount to its 52-week high of $10.49, offering almost -63.14% off that amount. The share price’s 52-week low was $6.01, which indicates that the current value has risen by an impressive 6.53% since then. We note from SoFi Technologies Inc’s average daily trading volume that its 10-day average is 54.24 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. SoFi Technologies Inc is expected to report earnings per share of 0.04 for the current quarter.
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SoFi Technologies Inc (NASDAQ:SOFI) trade information
Instantly SOFI has showed a red trend with a performance of -1.68% at the end of last trading. 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 17.88%. The company’s shares are currently down -35.38% year-to-date, but still down -13.34% over the last five days. On the other hand, SoFi Technologies Inc (NASDAQ:SOFI) is 1.26% 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 19.63% 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 -15.17 percent over the past six months and at a 125.00% annual growth rate that is well above the industry average of 14.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 113.80% in revenue this quarter, and will report an increase of 50.00% in the next quarter. The year-over-year growth rate is expected to be 17.60%, up from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 629.44M in revenue for the current quarter. 9 analysts expect SoFi Technologies Inc to make 643.07M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 530.72M and 594.25M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 18.60%. Forecasts for the next quarter put sales growth at 8.20%.
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 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.
