SoFi Technologies Inc [SOFI] stock is trading at $7.33, up 5.16%. An important factor to consider is whether the stock is rising or falling in short-term value. The SOFI shares have gain 15.43% over the last week, with a monthly amount glided 3.68%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On April 05, 2024, upgrade upgraded it’s rating to Mkt Perform and revised its price target to $7.50 on the stock. Needham started tracking the stock assigning a Buy rating and suggested a price target of $10 on April 03, 2024. Morgan Stanley downgraded its rating to a Underweight and reduced its price target to $6.50 on January 31, 2024. In a note dated January 03, 2024, Keefe Bruyette downgraded an Underperform rating on this stock and revised its target price from $7.50 to $6.50.
SoFi Technologies Inc [SOFI] stock has fluctuated between $6.15 and $11.70 over the past year. Currently, Wall Street analysts expect the stock to reach $9.71 within the next 12 months. SoFi Technologies Inc [NASDAQ: SOFI] shares were valued at $7.33 at the most recent close of the market. An investor can expect a potential return of 32.47% based on the average SOFI price forecast.
Analyzing the SOFI fundamentals
SoFi Technologies Inc [NASDAQ:SOFI] reported sales of 3.21B for the trailing twelve months, which represents a growth of 49.44%. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.03 and Total Capital is -0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.55.
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 7.08 points at the first support level, and at 6.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.50, and for the 2nd resistance point, it is at 7.68.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 2.41, the price to book ratio is 1.33.
Transactions by insiders
Recent insider trading involved Rishel Jeremy, Chief Technology Officer, that happened on Jun 20 ’24 when 56273.0 shares were sold. Chief Executive Officer, Noto Anthony completed a deal on Jun 14 ’24 to buy 30715.0 shares. Meanwhile, Director by deputization Qatar Investment Authority sold 19.84 million shares on Jun 13 ’24.
