SoFi Technologies Inc (NASDAQ: SOFI) kicked off on Monday, up 1.00% from the previous trading day, before settling in for the closing price of $7.01. Over the past 52 weeks, SOFI has traded in a range of $6.01-$10.49.
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During the last 5-year period, the sales growth of Financial Sector giant was 39.29%. While this was happening, its average annual earnings per share was recorded 127.78%. With a float of $1.01 billion, this company’s outstanding shares have now reached $1.07 billion.
Let’s determine the extent of company efficiency that accounts for 4400 employees. In terms of profitability, gross margin is 63.5%, operating margin of -3.08%, and the pretax margin is -4.38%.
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 4.94%, while institutional ownership is 38.08%. The most recent insider transaction that took place on Aug 22 ’24, was worth 180,952. In this transaction EVP, GBUL, SIPS of this company sold 24,939 shares at a rate of $7.26, taking the stock ownership to the 114,407 shares. Before that another transaction happened on Aug 22 ’24, when Company’s Affiliate proposed sale 24,939 for $7.30, making the entire transaction worth $182,055.
SoFi Technologies Inc (SOFI) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.29 earnings per share (EPS), lower than consensus estimate (set at -0.07) by -0.22. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 127.78% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 51.50% during the next five years compared to 32.14% growth over the previous five years of trading.
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 2.22. Likewise, its price to free cash flow for the trailing twelve months is 45.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.23, a number that is poised to hit 0.04 in the next quarter and is forecasted to reach 0.25 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 38.99 million, which is a drop from its year-to-date volume of 45.94 million. As of the previous 9 days, the stock’s Stochastic %D was 8.28%. Additionally, its Average True Range was 0.37.
During the past 100 days, SoFi Technologies Inc’s (SOFI) raw stochastic average was set at 46.72%, which indicates a significant increase from 11.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 51.63% in the past 14 days, which was higher than the 45.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.09, while its 200-day Moving Average is $7.53. However, in the short run, SoFi Technologies Inc’s stock first resistance to watch stands at $7.19. Second resistance stands at $7.30. The third major resistance level sits at $7.39. If the price goes on to break the first support level at $6.99, it is likely to go to the next support level at $6.90. Should the price break the second support level, the third support level stands at $6.79.
SoFi Technologies Inc (NASDAQ: SOFI) Key Stats
The company with the Market Capitalisation of 7.55 billion has total of 1,057,223K Shares Outstanding. Its annual sales at the moment are 2,912 M in contrast with the sum of -300,740 K annual income. Company’s last quarter sales were recorded 860,630 K and last quarter income was 17,400 K.
