In today’s recent session, 19.99 million shares of the SoFi Technologies Inc (NASDAQ:SOFI) have been traded, and its beta is 1.64. Most recently the company’s share price was $14.18, and it changed around $0.55 or 4.03% from the last close, which brings the market valuation of the company to $15.65B. SOFI at last check was trading at a discount to its 52-week high of $14.44, offering almost -1.83% off that amount. The share price’s 52-week low was $6.01, which indicates that the recent value has risen by an impressive 57.62% since then. We note from SoFi Technologies Inc’s average daily trading volume that its 10-day average is 61.44 million shares, with the 3-month average coming to 50.34 million.
SoFi Technologies Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.79. If we narrow it down even further, the data shows that 3 out of 19 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 10 recommended SOFI as a Hold, whereas 3 deemed it a Buy, and 2 rated it as Underweight. SoFi Technologies Inc is expected to report earnings per share of 0.03 for the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
SoFi Technologies Inc (NASDAQ:SOFI) trade information
Instantly SOFI has been showing a green trend so far today with a performance of 4.03% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 14.30 on recent trading dayincreased the stock’s daily price by 0.84%. The company’s shares are currently up 42.51% year-to-date, but still up 0.49% over the last five days. On the other hand, SoFi Technologies Inc (NASDAQ:SOFI) is 39.29% up in the 30-day period. We can see from the shorts that 162.31 million shares have been sold at a short interest cover period of 2.87 day(s).
The consensus price target as assigned by Wall Street analysts is $8.5, which translates to bulls needing to decrease their stock price by -66.82% 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 97.21 percent over the past six months and at a 133.33% annual growth rate that is well above the industry average of 9.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -24.93% in revenue this quarter, and will report an increase of 67.29% in the next quarter. The year-over-year growth rate is expected to be 23.03%, up from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 677.69M in revenue for the current quarter. 8 analysts expect SoFi Technologies Inc to make 688.34M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 594.25M and 580.65M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 14.04%. Forecasts for the next quarter put sales growth at 18.55%.
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 on 2025-Jan-27.
SoFi Technologies Inc (NASDAQ:SOFI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.19% of SoFi Technologies Inc shares, and 46.62% of them are in the hands of institutional investors. The stock currently has a share float of 48.16%. SoFi Technologies Inc stock is held by 760.0 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.
