Let’s look at the key reasons that are pushing SoFi Technologies Inc (SOFI) to new highs

SoFi Technologies Inc (NASDAQ: SOFI) kicked off on Friday, down -3.73% from the previous trading day, before settling in for the closing price of $16.60. Over the past 52 weeks, SOFI has traded in a range of $6.01-$17.19.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 9.49%. While this was happening, its average annual earnings per share was recorded 133.22%. With a float of $1.06 billion, this company’s outstanding shares have now reached $1.08 billion.

Considering the fact that the conglomerate employs 4400 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 0.0%, operating margin of 4.52%, and the pretax margin is 8.91%.

SoFi Technologies Inc (SOFI) Breakdown of a Key Holders of the stock

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 2.08%, while institutional ownership is 43.61%. The most recent insider transaction that took place on Dec 23 ’24, was worth 138,949. In this transaction EVP, GBUL, SIPS of this company sold 8,914 shares at a rate of $15.59, taking the stock ownership to the 187,725 shares. Before that another transaction happened on Dec 23 ’24, when Company’s Officer proposed sale 27,013 for $15.52, making the entire transaction worth $419,242.

SoFi Technologies Inc (SOFI) Recent Fiscal highlights

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

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 4.60. Likewise, its price to free cash flow for the trailing twelve months is 139.15.

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)

Compared to the last year’s volume of 47.47 million, its volume of 34.19 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 62.07%. Additionally, its Average True Range was 0.83.

During the past 100 days, SoFi Technologies Inc’s (SOFI) raw stochastic average was set at 88.88%, which indicates a significant increase from 53.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.63% in the past 14 days, which was higher than the 51.45% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $13.91, while its 200-day Moving Average is $8.95. Nevertheless, the first resistance level for the watch stands at $16.37 in the near term. At $16.76, the stock is likely to face the second major resistance level. The third major resistance level sits at $17.06. If the price goes on to break the first support level at $15.68, it is likely to go to the next support level at $15.39. Now, if the price goes above the second support level, the third support stands at $15.00.

SoFi Technologies Inc (NASDAQ: SOFI) Key Stats

The company with the Market Capitalisation of 16.69 billion has total of 1,085,147K 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 989,490 K and last quarter income was 60,750 K.