In the last trading session, 57.82 million shares of the SoFi Technologies Inc (NASDAQ:SOFI) were traded, and its beta was 1.69. Most recently the company’s share price was $10.99, and it changed around $0.06 or 0.55% from the last close, which brings the market valuation of the company to $11.71B. SOFI currently trades at a discount to its 52-week high of $11.30, offering almost -2.82% off that amount. The share price’s 52-week low was $6.01, which indicates that the current value has risen by an impressive 45.31% since then. We note from SoFi Technologies Inc’s average daily trading volume that its 10-day average is 58.91 million shares, with the 3-month average coming to 44.10 million.
SoFi Technologies Inc stock received a consensus recommendation rating of Underweight, based on a mean score of 2.83. 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 green trend with a performance of 0.55% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 11.34 on recent trading dayincreased the stock’s daily price by 3.09%. The company’s shares are currently up 10.45% year-to-date, but still up 7.96% over the last five days. On the other hand, SoFi Technologies Inc (NASDAQ:SOFI) is 41.62% up in the 30-day period. We can see from the shorts that 180.67 million shares have been sold at a short interest cover period of 3.96 day(s).
The consensus price target as assigned by Wall Street analysts is $8, which translates to bulls needing to decrease their stock price by -37.38% 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 risen 39.64 percent over the past six months and at a 127.78% annual growth rate that is well above the industry average of 10.00%. 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 18.10%, up from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 632.33M in revenue for the current quarter. 10 analysts expect SoFi Technologies Inc to make 640.12M 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 19.10%. Forecasts for the next quarter put sales growth at 7.70%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 32.14%.
SOFI Dividends
SoFi Technologies Inc’s next quarterly earnings report is expected to be released in November.
SoFi Technologies Inc (NASDAQ:SOFI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.25% of SoFi Technologies Inc shares, and 42.01% of them are in the hands of institutional investors. The stock currently has a share float of 43.42%. SoFi Technologies Inc stock is held by 728.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.1623% of the shares, which is about 90.03 million shares worth $595.1 million.
BLACKROCK INC., with 4.6262% or 45.46 million shares worth $300.47 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
