In recent trading session, SoFi Technologies Inc (NASDAQ:SOFI) saw 5.53 million shares changing hands at last check today with its beta currently measuring 1.75. Company’s recent per share price level of $16.44 trading at $0.32 or 1.99% at last check today assigns it a market valuation of $17.84B. That most recent trading price of SOFI’s stock is at a premium of 1.7% from its 52-week high price of $16.16 and is indicating a premium of 63.44% from its 52-week low price of $6.01. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 47.31 million shares which gives us an average trading volume of 51.56 million if we extend that period to 3-months.
For SoFi Technologies Inc (SOFI), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.84. Splitting up the data highlights that, out of 14 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 7 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.03 in the current quarter.
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SoFi Technologies Inc (NASDAQ:SOFI) trade information
Upright in the green today for gaining 1.99%, in the last five days SOFI remained trading in the green while hitting it’s week-highest on Friday, 11/29/24 when the stock touched $16.44 price level, adding 0.3% to its value on the day. SoFi Technologies Inc’s shares saw a change of 65.23% in year-to-date performance and have moved 9.53% in past 5-day. SoFi Technologies Inc (NASDAQ:SOFI) showed a performance of 46.52% in past 30-days. Number of shares sold short was 148.72 million shares which calculate 2.35 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 8.5 to the stock, which implies a fall of -93.41% to its recent value today. Analysts have been projecting 2.5 as a low price target for the stock while placing it at a high target of 22. It follows that stock’s current price would jump 84.79% in reaching the projected high whereas dropping to the targeted low would mean a gain of 84.79% for stock’s current value.
SoFi Technologies Inc (SOFI) estimates and forecasts
Statistics highlight that SoFi Technologies Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 138.26% of value to its shares in past 6 months, showing an annual growth rate of 133.33% while that of industry is 8.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 23.26% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 677.69M for the same. And 8 analysts are in estimates of company making revenue of 688.34M in the next quarter. Company posted 594.25M and 580.65M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 32.14% during past 5 years.
SoFi Technologies Inc (NASDAQ:SOFI)’s Major holders
Insiders are in possession of 3.20% of company’s total shares while institution are holding 46.64 percent of that, with stock having share float percentage of 48.18%. Investors also watch the number of corporate investors in a company very closely, which is 46.64% institutions for SoFi Technologies Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at SOFI for having 90.03 million shares of worth $595.1 million. And as of 2024-06-30, it was holding 9.1623 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 45.46 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.6262 of outstanding shares, having a total worth of $300.47 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 30.37 shares of worth $502.2 million or 2.80% of the total outstanding shares. The later fund manager was in possession of 24.01 shares on Sep 30, 2024 , making its stake of worth around $397.08 million in the company or a holder of 2.21% of company’s stock.
