During the recent session, SoFi Technologies Inc (NASDAQ:SOFI)’s traded shares were 11.74 million, with the beta value of the company hitting 1.84. At the last check today, the stock’s price was $12.18, reflecting an intraday loss of -2.17% or -$0.27. The 52-week high for the SOFI share is $18.42, that puts it down -51.23 from that peak though still a striking 50.66% gain since the share price plummeted to a 52-week low of $6.01. The company’s market capitalization is $13.36B, and the average trade volume was 45.67 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 2.89. 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 -2.17% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.17% in intraday trading to $12.18, hitting a weekly high. The stock’s 5-day price performance is -15.82%, and it has moved by -21.37% in 30 days. Based on these gigs, the overall price performance for the year is 67.54%.
The consensus price target of analysts on Wall Street is $13, which implies an increase of 6.31% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8.5 and $14 respectively. As a result, SOFI is trading at a discount of -14.94% off the target high and 30.21% off the low.
SoFi Technologies Inc (SOFI) estimates and forecasts
In the rating firms’ projections, revenue will increase 22.47% 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 740.36M as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 798.3M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 580.65M and 596.97M respectively. In this case, analysts expect current quarter sales to grow by 27.51% and then jump by 33.73% in the coming quarter.
While earnings are projected to return -33.65% in 2025, the next five years will return 26.69% per annum.
SOFI Dividends
SoFi Technologies Inc is due to release its next quarterly earnings in April. 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
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.
Also, the Mutual Funds coming in first place with the largest holdings of SoFi Technologies Inc (SOFI) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 30.42 shares. This amounts to just over 2.77 percent of the company’s overall shares, with a $374.21 million market value. The same data shows that the other fund manager holds slightly less at 26.26, or about 2.39% of the stock, which is worth about $322.95 million.
