On Monday, SoFi Technologies Inc (NASDAQ: SOFI) opened higher 11.43% from the last session, before settling in for the closing price of $9.01. Price fluctuations for SOFI have ranged from $6.01 to $10.49 over the past 52 weeks.
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A company in the Financial sector has jumped its sales by 9.49% annually for the last half of the decade. Company’s average yearly earnings per share was noted 128.58% at the time writing. With a float of $1.01 billion, this company’s outstanding shares have now reached $1.07 billion.
In an organization with 4400 employees, it is important to assess its efficiency. 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 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 38.08%. 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
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.29 earnings per share (EPS) for the quarter, coming under the agreed prediction (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 128.58% per share during the next fiscal year.
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 3.15. Likewise, its price to free cash flow for the trailing twelve months is 63.85.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 55.74 million. That was better than the volume of 45.7 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 94.63%. Additionally, its Average True Range was 0.39.
During the past 100 days, SoFi Technologies Inc’s (SOFI) raw stochastic average was set at 99.26%, which indicates a significant increase from 98.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.36% in the past 14 days, which was higher than the 46.08% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.60, while its 200-day Moving Average is $7.49. However, in the short run, SoFi Technologies Inc’s stock first resistance to watch stands at $10.28. Second resistance stands at $10.52. The third major resistance level sits at $10.98. If the price goes on to break the first support level at $9.59, it is likely to go to the next support level at $9.13. The third support level lies at $8.89 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 10.70 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.
