-18.83% percent quarterly performance for SoFi Technologies Inc (SOFI) is not indicative of the underlying story

SoFi Technologies Inc (NASDAQ: SOFI) kicked off on November 20, 2023, at the price of $6.77, down -3.15% from the previous trading day. During the day, the shares moved up to $6.78 and dropped to $6.56 before settling in for the closing price of $6.83. Over the past 52 weeks, SOFI has traded in a range of $4.24-$11.70.

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During the last 5-year period, the sales growth of Financial Sector giant was 20.80%. While this was happening, its average annual earnings per share was recorded 14.63%. With a float of $885.79 million, this company’s outstanding shares have now reached $933.90 million.

Let’s determine the extent of company efficiency that accounts for 4200 employees. In terms of profitability, gross margin is +50.61, operating margin of -7.34, and the pretax margin is -18.08.

SoFi Technologies Inc (SOFI) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Credit Services Industry. The insider ownership of SoFi Technologies Inc is 7.61%, while institutional ownership is 34.64%. The most recent insider transaction that took place on Nov 09, was worth 298,245. In this transaction Chief Executive Officer of this company bought 44,000 shares at a rate of $6.78, taking the stock ownership to the 7,239,289 shares. Before that another transaction happened on Nov 09, when Company’s CFO and PAO bought 14,950 for $6.69, making the entire transaction worth $100,016. This insider now owns 827,068 shares in total.

SoFi Technologies Inc (SOFI) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported -$0.29 earnings per share (EPS), lower than consensus estimate (set at -$0.07) by -$0.22. This company achieved a net margin of -18.18 while generating a return on equity of -6.27. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 14.63% per share during the next fiscal year.

SoFi Technologies Inc (NASDAQ: SOFI) Trading Performance Indicators

Take a look at SoFi Technologies Inc’s (SOFI) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.44. Likewise, its price to free cash flow for the trailing twelve months is 21.31.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.45, a number that is poised to hit 0.00 in the next quarter and is forecasted to reach 0.07 in one year’s time.

Technical Analysis of SoFi Technologies Inc (SOFI)

Looking closely at SoFi Technologies Inc (NASDAQ: SOFI), its last 5-days average volume was 45.55 million, which is a jump from its year-to-date volume of 40.64 million. As of the previous 9 days, the stock’s Stochastic %D was 13.44%. Additionally, its Average True Range was 0.43.

During the past 100 days, SoFi Technologies Inc’s (SOFI) raw stochastic average was set at 1.07%, which indicates a significant decrease from 2.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 71.03% in the past 14 days, which was higher than the 61.18% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $7.72, while its 200-day Moving Average is $7.37. However, in the short run, SoFi Technologies Inc’s stock first resistance to watch stands at $6.74. Second resistance stands at $6.87. The third major resistance level sits at $6.96. If the price goes on to break the first support level at $6.52, it is likely to go to the next support level at $6.43. Should the price break the second support level, the third support level stands at $6.30.

SoFi Technologies Inc (NASDAQ: SOFI) Key Stats

The company with the Market Capitalisation of 6.34 billion has total of 958,743K Shares Outstanding. Its annual sales at the moment are 1,763 M in contrast with the sum of -320,410 K annual income. Company’s last quarter sales were recorded 756,520 K and last quarter income was -266,680 K.

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