During the recent session, SoFi Technologies Inc (NASDAQ:SOFI)’s traded shares were 9.93 million, with the beta value of the company hitting 1.80. At the last check today, the stock’s price was $14.27, reflecting an intraday gain of 0.96% or $0.14. The 52-week high for the SOFI share is $17.19, that puts it down -20.46 from that peak though still a striking 57.88% gain since the share price plummeted to a 52-week low of $6.01. The company’s market capitalization is $15.48B, and the average intraday trading volume over the past 10 days was 42.8 million shares, and the average trade volume was 53.39 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 3.00. 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.
SoFi Technologies Inc (NASDAQ:SOFI) trade information
SoFi Technologies Inc (SOFI) registered a 0.96% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.96% in intraday trading to $14.27, hitting a weekly high. The stock’s 5-day price performance is -14.07%, and it has moved by -10.17% in 30 days. Based on these gigs, the overall price performance for the year is 71.66%. The short interest in SoFi Technologies Inc (NASDAQ:SOFI) is 135.76 million shares and it means that shorts have 2.84 day(s) to cover.
The consensus price target of analysts on Wall Street is $12.5, which implies a decrease of -14.16% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8 and $13 respectively. As a result, SOFI is trading at a premium of 8.9% off the target high and 43.94% 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 120.48% during the last six months, with a year-to-date growth rate more than the industry average at 133.33% against 8.60. In the rating firms’ projections, revenue will increase 23.28% 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 676.75M as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 688.74M 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 580.65M respectively. In this case, analysts expect current quarter sales to grow by 13.88% and then jump by 18.62% 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 133.22% in 2025.
SOFI Dividends
SoFi Technologies Inc is due to release its next quarterly earnings in February. 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 3.34% of total outstanding shares while institutional holders control 43.69%, with the float percentage being 45.20%. VANGUARD GROUP INC is the largest shareholder of the company, while 758.0 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.
