SoFi Technologies Inc (SOFI) stock forecast: Can it reach its 52-week high of $16.16

A share price of SoFi Technologies Inc [SOFI] is currently trading at $16.41, up 1.80%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SOFI shares have gain 9.33% over the last week, with a monthly amount glided 46.26%, 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 $16.16. Currently, Wall Street analysts expect the stock to reach $10.07 within the next 12 months. SoFi Technologies Inc [NASDAQ: SOFI] shares were valued at $16.41 at the most recent close of the market. An investor can expect a potential drop of -38.63% based on the average SOFI price forecast.

Analyzing the SOFI fundamentals

Trailing Twelve Months sales for SoFi Technologies Inc [NASDAQ:SOFI] were 3.63B which represents 30.79% growth. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.04 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.52.

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 16.18 points at the first support level, and at 15.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.62, and for the 2nd resistance point, it is at 16.84.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 4.99, the price to book ratio is 2.91 and price to earnings (TTM) ratio is 138.72.

Transactions by insiders

Recent insider trading involved Keough Kelli, EVP, GBUL, SIPS, that happened on Nov 20 ’24 when 9590.0 shares were sold. Officer, Pinto Arun completed a deal on Nov 15 ’24 to buy 23404.0 shares. Meanwhile, EVP, GBUL, SIPS Keough Kelli sold 9308.0 shares on Oct 21 ’24.

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