Investors are poised to add SoFi Technologies Inc (SOFI) Stock to their long term portfolios

A share price of SoFi Technologies Inc [SOFI] is currently trading at $7.83, up 0.51%. 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 0.90% over the last week, with a monthly amount glided 4.68%, 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 experienced fluctuations in its stock price throughout the past year between $6.01 and $10.49. Currently, Wall Street analysts expect the stock to reach $9.74 within the next 12 months. SoFi Technologies Inc [NASDAQ: SOFI] shares were valued at $7.83 at the most recent close of the market. An investor can expect a potential return of 24.39% based on the average SOFI price forecast.

Analyzing the SOFI fundamentals

Trailing Twelve Months sales for SoFi Technologies Inc [NASDAQ:SOFI] were 3.40B which represents 27.14% growth. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.02 and Total Capital is -0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.61.

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 7.70 points at the first support level, and at 7.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.91, and for the 2nd resistance point, it is at 7.99.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 2.46, the price to book ratio is 1.41.

Transactions by insiders

Recent insider trading involved Keough Kelli, EVP, GBUL, SIPS, that happened on Sep 23 ’24 when 9308.0 shares were sold. Chief Technology Officer, Rishel Jeremy completed a deal on Sep 20 ’24 to sell 68081.0 shares. Meanwhile, Affiliate Kelli Allen Keough bought 28206.0 shares on Sep 23 ’24.

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