During the last session, SoFi Technologies Inc (NASDAQ:SOFI)’s traded shares were 92.8 million, with the beta value of the company hitting 1.71. At the end of the trading day, the stock’s price was $11.22, reflecting an intraday gain of 7.16% or $0.75. The 52-week high for the SOFI share is $11.34, that puts it down -1.07 from that peak though still a striking 46.43% gain since the share price plummeted to a 52-week low of $6.01. The company’s market capitalization is $11.96B, and the average intraday trading volume over the past 10 days was 66.71 million shares, and the average trade volume was 46.60 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 2.83. 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 7.16% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 7.16% in intraday trading to $11.22, hitting a weekly high. The stock’s 5-day price performance is 7.68%, and it has moved by 47.05% in 30 days. Based on these gigs, the overall price performance for the year is 61.67%. The short interest in SoFi Technologies Inc (NASDAQ:SOFI) is 180.67 million shares and it means that shorts have 3.96 day(s) to cover.
The consensus price target of analysts on Wall Street is $8, which implies a decrease of -40.25% 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 -96.08% off the target high and 77.72% 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 up 62.14% during the last six months, with a year-to-date growth rate more than the industry average at 130.56% against 10.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 100.00% this quarter and then jump 100.00% in the quarter after that. In the rating firms’ projections, revenue will increase 19.50% 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 651.04M as predicted by 10 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 669.15M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 594.25M and 556M respectively. In this case, analysts expect current quarter sales to grow by 9.60% and then jump by 20.40% 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 133.09% in 2024.
SOFI Dividends
SoFi Technologies Inc is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
SoFi Technologies Inc (NASDAQ:SOFI)’s Major holders
SoFi Technologies Inc insiders own 3.25% of total outstanding shares while institutional holders control 42.00%, with the float percentage being 43.41%. VANGUARD GROUP INC is the largest shareholder of the company, while 728.0 institutions own stock in it. As of 2024-06-30, the company held over 90.03 million shares (or 9.1623% of all shares), a total value of $595.1 million in shares.
The next largest institutional holding, with 45.46 million shares, is of BLACKROCK INC.’s that is approximately 4.6262% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $300.47 million.
