A new trading day began on Monday, with SoFi Technologies Inc (NASDAQ: SOFI) stock price down -3.05% from the previous day of trading, before settling in for the closing price of $16.41. SOFI’s price has ranged from $6.01 to $16.61 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 133.22%. With a float of $1.03 billion, this company’s outstanding shares have now reached $1.08 billion.
Let’s look at the performance matrix of the company that is accounted for 4400 employees. In terms of profitability, gross margin is 28.12%, operating margin of 22.03%, and the pretax margin is 9.06%.
SoFi Technologies Inc (SOFI) Insider and Institutional Ownership
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 4.96%, while institutional ownership is 43.66%. The most recent insider transaction that took place on Nov 20 ’24, was worth 139,594. In this transaction EVP, GBUL, SIPS of this company sold 9,590 shares at a rate of $14.56, taking the stock ownership to the 142,613 shares. Before that another transaction happened on Nov 15 ’24, when Company’s Officer proposed sale 23,404 for $13.20, making the entire transaction worth $308,909.
SoFi Technologies Inc (SOFI) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.04 per share, which was $0.1 higher 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 0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 133.22% 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 4.76. Likewise, its price to free cash flow for the trailing twelve months is 143.92.
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)
SoFi Technologies Inc (NASDAQ: SOFI) saw its 5-day average volume 44.01 million, a negative change from its year-to-date volume of 47.54 million. As of the previous 9 days, the stock’s Stochastic %D was 89.36%. Additionally, its Average True Range was 0.67.
During the past 100 days, SoFi Technologies Inc’s (SOFI) raw stochastic average was set at 93.40%, which indicates a significant increase from 80.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.98% in the past 14 days, which was lower than the 51.84% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.22, while its 200-day Moving Average is $8.25. Nevertheless, the first resistance level for the watch stands at $16.43 in the near term. At $16.96, the stock is likely to face the second major resistance level. The third major resistance level sits at $17.30. If the price goes on to break the first support level at $15.56, it is likely to go to the next support level at $15.22. The third support level lies at $14.69 if the price breaches the second support level.
SoFi Technologies Inc (NASDAQ: SOFI) Key Stats
With a market capitalization of 17.26 billion, the company has a total of 1,085,147K Shares Outstanding. Currently, annual sales are 2,912 M while annual income is -300,740 K. The company’s previous quarter sales were 989,490 K while its latest quarter income was 60,750 K.
