SoFi Technologies Inc (NASDAQ:SOFI) has a beta value of 1.74 and has seen 7.54 million shares traded in the recent trading session. The company, currently valued at $6.99B, closed the recent trade at $6.56 per share which meant it gained $0.08 on the day or 1.23% during that session. The SOFI stock price is -59.91% off its 52-week high price of $10.49 and 8.38% above the 52-week low of $6.01. If we look at the company’s 10-day average daily trading volume, we find that it stood at 48.25 million shares traded. The 3-month trading volume is 37.67 million shares.
The consensus among analysts is that SoFi Technologies Inc (SOFI) is Hold stock at the moment, with a recommendation rating of 2.88. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 14 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.04.
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SoFi Technologies Inc (NASDAQ:SOFI) trade information
Sporting 1.23% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SOFI stock price touched $6.56 or saw a rise of 2.81%. Year-to-date, SoFi Technologies Inc shares have moved -34.07%, while the 5-day performance has seen it change 2.02%. Over the past 30 days, the shares of SoFi Technologies Inc (NASDAQ:SOFI) have changed -10.50%. Short interest in the company has seen 181.5 million shares shorted with days to cover at 4.28.
Wall Street analysts have a consensus price target for the stock at $8, which means that the shares’ value could jump 18.0% from the levels at last check today. The projected low price target is $2.5 while the price target rests at a high of $22.0. In that case, then, we find that the latest price level in today’s session is -235.37% off the targeted high while a plunge would see the stock lose 61.89% from the levels at last check today.
SoFi Technologies Inc (SOFI) estimates and forecasts
Figures show that SoFi Technologies Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -21.25% over the past 6 months, with this year growth rate of 125.00%, compared to 14.40% for the industry. Revenue growth from the last financial year stood is estimated to be 18.00%.
9 analysts offering their estimates for the company have set an average revenue estimate of 631.47M for the current quarter. 8 have an estimated revenue figure of 641.01M for the next ending quarter. Year-ago sales stood 530.72M and 594.25M respectively for this quarter and the next, and analysts expect sales will grow by 19.00% for the current quarter and 18.00% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 32.14% over the past 5 years. Earnings growth for 2024 is a modest 127.86% while over the next 5 years, the company’s earnings are expected to increase by 51.50%.
SoFi Technologies Inc (NASDAQ:SOFI)’s Major holders
Insiders own 3.21% of the company shares, while shares held by institutions stand at 42.01% with a share float percentage of 43.40%. Investors are also buoyed by the number of investors in a company, with SoFi Technologies Inc having a total of 732.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 82.83 million shares worth more than $604.63 million. As of 2024-03-31, VANGUARD GROUP INC held 8.6036% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 41.8 million shares as of 2024-03-31. The firm’s total holdings are worth over $305.14 million and represent 4.342% of shares outstanding.
