SoFi Technologies Inc (SOFI) recent activity suggests a positive outlook with the last week’s performance of -0.76%

On Monday, SoFi Technologies Inc (NASDAQ: SOFI) opened lower -1.13% from the last session, before settling in for the closing price of $7.95. Price fluctuations for SOFI have ranged from $6.01 to $10.49 over the past 52 weeks.

Annual sales at Financial sector company grew by 9.49% over the past five years. Company’s average yearly earnings per share was noted 129.27% at the time writing. With a float of $1.01 billion, this company’s outstanding shares have now reached $1.07 billion.

Let’s look at the performance matrix of the company that is accounted for 4400 employees.

SoFi Technologies Inc (SOFI) Insider and Institutional Ownership

A key investor’s attitude towards the stock of the Credit Services industry is another important factor to consider. The insider ownership of SoFi Technologies Inc is 4.97%, while institutional ownership is 38.05%. The most recent insider transaction that took place on Sep 23 ’24, was worth 74,343. In this transaction EVP, GBUL, SIPS of this company sold 9,308 shares at a rate of $7.99, taking the stock ownership to the 161,511 shares. Before that another transaction happened on Sep 20 ’24, when Company’s Chief Technology Officer sold 68,081 for $8.12, making the entire transaction worth $552,818. This insider now owns 521,505 shares in total.

SoFi Technologies Inc (SOFI) Latest Financial update

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According to the Wall Street analysts, stocks earnings will be around 129.27% 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

Check out the current performance indicators for SoFi Technologies Inc (SOFI). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.47. Likewise, its price to free cash flow for the trailing twelve months is 49.99.

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 0.26 in one year’s time.

Technical Analysis of SoFi Technologies Inc (SOFI)

SoFi Technologies Inc (NASDAQ: SOFI) saw its 5-day average volume 32.51 million, a negative change from its year-to-date volume of 45.63 million. As of the previous 9 days, the stock’s Stochastic %D was 29.12%. Additionally, its Average True Range was 0.32.

During the past 100 days, SoFi Technologies Inc’s (SOFI) raw stochastic average was set at 73.41%, which indicates a significant increase from 57.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.42% in the past 14 days, which was lower than the 42.03% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $7.37, while its 200-day Moving Average is $7.55. Nevertheless, the first resistance level for the watch stands at $8.02 in the near term. At $8.17, the stock is likely to face the second major resistance level. The third major resistance level sits at $8.28. If the price goes on to break the first support level at $7.76, it is likely to go to the next support level at $7.65. The third support level lies at $7.50 if the price breaches the second support level.

SoFi Technologies Inc (NASDAQ: SOFI) Key Stats

There are currently 1,057,223K shares outstanding in the company with a market cap of 8.38 billion. Presently, the company’s annual sales total 2,912 M according to its annual income of -300,740 K. Last quarter, the company’s sales amounted to 860,630 K and its income totaled 17,400 K.