SoFi Technologies Inc [SOFI] stock prices are up 0.26% to $7.60 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SOFI shares have gain 6.15% over the last week, with a monthly amount glided 2.01%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Keefe Bruyette upgraded its rating to Mkt Perform on April 05, 2024, and elevated its price target to $7.50. On April 03, 2024, Needham initiated with a Buy rating and assigned a price target of $10 on the stock. Morgan Stanley downgraded its rating to a Underweight and decreased its price target to $6.50 on January 31, 2024. Deutsche Bank initiated its recommendation with a Hold. Keefe Bruyette downgraded its rating to Underperform for this stock on January 03, 2024, and downed its price target to $6.50. In a note dated November 15, 2023, Barclays initiated an Equal Weight rating and provided a target price of $8 on this stock.
The stock price of SoFi Technologies Inc [SOFI] has been fluctuating between $4.45 and $11.70 over the past year. Currently, Wall Street analysts expect the stock to reach $9.94 within the next 12 months. SoFi Technologies Inc [NASDAQ: SOFI] shares were valued at $7.60 at the most recent close of the market. An investor can expect a potential return of 30.79% based on the average SOFI price forecast.
Analyzing the SOFI fundamentals
The SoFi Technologies Inc [NASDAQ:SOFI] reported sales of 2.91B for trailing twelve months, representing a surge of 56.79%. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.14%, and Net Profit Margin reading is -0.14%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.05 and Total Capital is -0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.95.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.48 points at the first support level, and at 7.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.70, and for the 2nd resistance point, it is at 7.80.
SoFi Technologies Inc [SOFI] reported earnings per share of $0.02 for its fiscal quarter that ended on 12/31/2023. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were -$0.29 per share as compared to estimates of -$0.07 per share, a difference of -$0.22 representing a surprise of -314.30%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 2.76, the price to book ratio is 1.42.
Transactions by insiders
Recent insider trading involved Rishel Jeremy, Chief Technology Officer, that happened on Mar 19 ’24 when 56273.0 shares were sold. Chief Technology Officer, Rishel Jeremy completed a deal on Dec 19 ’23 to sell 56273.0 shares. Meanwhile, Chief Executive Officer Noto Anthony bought 22500.0 shares on Nov 21 ’23.
