In the latest trading session,, 14.27 million SoFi Technologies Inc (NASDAQ:SOFI) shares changed hands as the company’s beta touched 1.71. With the company’s most recent per share price at $7.41 changed hands at -$0.05 or -0.74% at last look, the market valuation stands at $7.89B. SOFI’s current price is a discount, trading about -41.57% off its 52-week high of $10.49. The share price had its 52-week low at $6.01, which suggests the last value was 18.89% up since then. When we look at SoFi Technologies Inc’s average trading volume, we note the 10-day average is 30.68 million shares, with the 3-month average coming to 36.55 million.
Analysts gave the SoFi Technologies Inc (SOFI) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.88. If we narrow down to specifics, the data shows that 2 out of 14 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended SOFI as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. SoFi Technologies Inc’s EPS for the current quarter is expected to be 0.04.
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SoFi Technologies Inc (NASDAQ:SOFI) trade information
Instantly SOFI was in red as seen in intraday trades today. With action 11.52%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -25.58%, with the 5-day performance at 11.52% in the green. However, in the 30-day time frame, SoFi Technologies Inc (NASDAQ:SOFI) is -1.79% down. Looking at the short shares, we see there were 181.5 million shares sold at short interest cover period of 4.28 days.
The consensus price target for the stock as assigned by Wall Street analysts is 8, meaning bulls need an upside of 7.37% from its recent market value. According to analyst projections, SOFI’s forecast low is 2.5 with 22 as the target high. To hit the forecast high, the stock’s price needs a -196.9% plunge from its current level, while the stock would need to tank 66.26% for it to hit the projected low.
SoFi Technologies Inc (SOFI) estimates and forecasts
Data shows that the SoFi Technologies Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -12.98% over the past 6 months, a 125.00% in annual growth rate that is considerably higher than the industry average of 15.40%. Year-over-year growth is forecast to reach 18.00% up from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 631.47M. 8 analysts are of the opinion that SoFi Technologies Inc’s revenue for the current quarter will be 641.01M. The company’s revenue for the corresponding quarters a year ago was 530.72M and 594.25M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 19.00%. The estimates for the next quarter sales put growth at 7.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 32.14%. The 2024 estimates are for SoFi Technologies Inc earnings to increase by 127.86%, but the outlook for the next 5-year period is at 51.50% per year.
SOFI Dividends
SoFi Technologies Inc is expected to release its next quarterly earnings report on 2024-Oct-28.
SoFi Technologies Inc (NASDAQ:SOFI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.26% of SoFi Technologies Inc shares while 42.38% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 43.81%. There are 42.38% institutions holding the SoFi Technologies Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-03-31, the company held 8.4291% of the shares, roughly 82.83 million SOFI shares worth $604.63 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 4.2539% or 41.8 million shares worth $305.14 million as of 2024-03-31.
Among Mutual Funds, the top two as of Mar 31, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund . With 27.84 shares estimated at $205.49 million under it, the former controlled 2.61% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.10% of the shares, roughly 22.42 shares worth around $165.47 million.
