During the recent session, SoFi Technologies Inc (NASDAQ:SOFI)’s traded shares were 4.63 million, with the beta value of the company hitting 1.73. At the last check today, the stock’s price was $6.61, reflecting an intraday loss of -0.38% or -$0.03. The 52-week high for the SOFI share is $10.49, that puts it down -58.7 from that peak though still a striking 9.08% gain since the share price plummeted to a 52-week low of $6.01. The company’s market capitalization is $7.05B, and the average intraday trading volume over the past 10 days was 53.19 million shares, and the average trade volume was 37.76 million shares over the past three months.
SoFi Technologies Inc (SOFI) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.88. SOFI has a Sell rating from 2 analyst(s) out of 14 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.04.
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SoFi Technologies Inc (NASDAQ:SOFI) trade information
SoFi Technologies Inc (SOFI) registered a -0.38% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.38% in intraday trading to $6.61, hitting a weekly high. The stock’s 5-day price performance is -0.53%, and it has moved by -2.29% in 30 days. Based on these gigs, the overall price performance for the year is -26.42%. The short interest in SoFi Technologies Inc (NASDAQ:SOFI) is 184.98 million shares and it means that shorts have 5.97 day(s) to cover.
The consensus price target of analysts on Wall Street is $8, which implies an increase of 17.37% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.5 and $22 respectively. As a result, SOFI is trading at a discount of -232.83% off the target high and 62.18% off the low.
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 down -18.13% during the last six months, with a year-to-date growth rate more than the industry average at 125.00% against 14.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 113.80% this quarter and then jump 50.00% in the quarter after that. In the rating firms’ projections, revenue will increase 18.00% 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 631.97M as predicted by 9 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to 641.6M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 530.72M and 594.25M respectively. In this case, analysts expect current quarter sales to grow by 19.10% and then jump by 8.00% 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 127.86% in 2024, the next five years will return 51.50% per annum.
SoFi Technologies Inc (NASDAQ:SOFI)’s Major holders
SoFi Technologies Inc insiders own 3.21% of total outstanding shares while institutional holders control 41.28%, with the float percentage being 42.65%. VANGUARD GROUP INC is the largest shareholder of the company, while 735.0 institutions own stock in it. As of 2024-03-31, the company held over 82.83 million shares (or 8.6036% of all shares), a total value of $604.63 million in shares.
The next largest institutional holding, with 41.8 million shares, is of BLACKROCK INC.’s that is approximately 4.342% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $305.14 million.
