A new trading day began on Tuesday, with SoFi Technologies Inc (NASDAQ: SOFI) stock price up 1.73% from the previous day of trading, before settling in for the closing price of $10.40. SOFI’s price has ranged from $6.01 to $10.54 over the past 52 weeks.
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Annual sales at Financial sector company grew by 9.49% over the past five years. Meanwhile, its annual earnings per share averaged 128.52%. 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. 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 Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Credit Services Industry. The insider ownership of SoFi Technologies Inc is 4.97%, while institutional ownership is 38.09%. 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) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.29 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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 128.52% per share during the next fiscal year.
SoFi Technologies Inc (NASDAQ: SOFI) Trading Performance Indicators
Here are SoFi Technologies Inc’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.32. Likewise, its price to free cash flow for the trailing twelve months is 67.29.
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 43.39 million, a negative change from its year-to-date volume of 45.84 million. As of the previous 9 days, the stock’s Stochastic %D was 92.68%. Additionally, its Average True Range was 0.38.
During the past 100 days, SoFi Technologies Inc’s (SOFI) raw stochastic average was set at 99.13%, which indicates a significant increase from 98.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.11% in the past 14 days, which was higher than the 46.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.05, while its 200-day Moving Average is $7.53. Nevertheless, the first resistance level for the watch stands at $10.69 in the near term. At $10.81, the stock is likely to face the second major resistance level. The third major resistance level sits at $10.99. If the price goes on to break the first support level at $10.39, it is likely to go to the next support level at $10.21. Assuming the price breaks the second support level, the third support level stands at $10.09.
SoFi Technologies Inc (NASDAQ: SOFI) Key Stats
With a market capitalization of 11.28 billion, the company has a total of 1,057,223K Shares Outstanding. Currently, annual sales are 2,912 M while annual income is -300,740 K. The company’s previous quarter sales were 860,630 K while its latest quarter income was 17,400 K.
