$46.61M in average volume shows that SoFi Technologies Inc (SOFI) is heading in the right direction

SoFi Technologies Inc (NASDAQ: SOFI) kicked off on Friday, up 9.33% from the previous trading day, before settling in for the closing price of $11.90. Over the past 52 weeks, SOFI has traded in a range of $6.01-$12.19.

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Financial Sector giant saw their annual sales surged by 9.49% over the last five years. While this was happening, its average annual earnings per share was recorded 133.84%. With a float of $1.03 billion, this company’s outstanding shares have now reached $1.09 billion.

The firm has a total of 4400 workers. Let’s measure their productivity. In terms of profitability, gross margin is 64.38%, operating margin of 9.28%, and the pretax margin is 8.7%.

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 4.97%, while institutional ownership is 39.83%. The most recent insider transaction that took place on Oct 21 ’24, was worth 96,458. In this transaction EVP, GBUL, SIPS of this company sold 9,308 shares at a rate of $10.36, taking the stock ownership to the 152,203 shares. Before that another transaction happened on Sep 23 ’24, when Company’s EVP, GBUL, SIPS sold 9,308 for $7.99, making the entire transaction worth $74,343. This insider now owns 161,511 shares in total.

SoFi Technologies Inc (SOFI) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.02 earnings per share (EPS), higher than consensus estimate (set at 0) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.05 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 133.84% 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 4.25. Likewise, its price to free cash flow for the trailing twelve months is 128.66.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.12, a number that is poised to hit 0.04 in the next quarter and is forecasted to reach 0.28 in one year’s time.

Technical Analysis of SoFi Technologies Inc (SOFI)

Analysing the last 5-days average volume posted by the [SoFi Technologies Inc, SOFI], we can find that recorded value of 59.49 million was better than the volume posted last year of 47.23 million. As of the previous 9 days, the stock’s Stochastic %D was 90.65%. Additionally, its Average True Range was 0.57.

During the past 100 days, SoFi Technologies Inc’s (SOFI) raw stochastic average was set at 100.00%, which indicates a significant increase from 100.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 59.62% in the past 14 days, which was higher than the 49.94% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $9.08, while its 200-day Moving Average is $7.75. Now, the first resistance to watch is $13.37. This is followed by the second major resistance level at $13.73. The third major resistance level sits at $14.44. If the price goes on to break the first support level at $12.29, it is likely to go to the next support level at $11.58. Should the price break the second support level, the third support level stands at $11.22.

SoFi Technologies Inc (NASDAQ: SOFI) Key Stats

The company with the Market Capitalisation of 15.43 billion has total of 1,065,945K 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 697,120 K and last quarter income was 60,750 K.