In today’s recent session, 12.6 million shares of the SoFi Technologies Inc (NASDAQ:SOFI) have been traded, and its beta is 1.79. Most recently the company’s share price was $15.85, and it changed around $0.28 or 1.83% from the last close, which brings the market valuation of the company to $17.21B. SOFI at last check was trading at a discount to its 52-week high of $16.61, offering almost -4.79% off that amount. The share price’s 52-week low was $6.01, which indicates that the recent value has risen by an impressive 62.08% since then. We note from SoFi Technologies Inc’s average daily trading volume that its 10-day average is 47.2 million shares, with the 3-month average coming to 52.08 million.
SoFi Technologies Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.89. If we narrow it down even further, the data shows that 3 out of 17 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 0 rated it as Underweight.
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SoFi Technologies Inc (NASDAQ:SOFI) trade information
Instantly SOFI has been showing a green trend so far today with a performance of 1.83% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 16.43 on recent trading dayincreased the stock’s daily price by 3.53%. The company’s shares are currently up 59.35% year-to-date, but still down -0.16% over the last five days. On the other hand, SoFi Technologies Inc (NASDAQ:SOFI) is 21.87% up in the 30-day period. We can see from the shorts that 148.72 million shares have been sold at a short interest cover period of 2.35 day(s).
The consensus price target as assigned by Wall Street analysts is $10.5, which translates to bulls needing to decrease their stock price by -50.95% from its current value. Analyst projections state that SOFI is forecast to be at a low of $8 and a high of $13.
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 126.50 percent over the past six months and at a 133.33% annual growth rate that is well above the industry average of 8.30%.
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 January.
SoFi Technologies Inc (NASDAQ:SOFI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.20% of SoFi Technologies Inc shares, and 43.78% of them are in the hands of institutional investors. The stock currently has a share float of 45.23%. SoFi Technologies Inc stock is held by 766.0 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.
