SoFi Technologies Inc (NASDAQ:SOFI) shares, rose in value, with the stock price up by 0.26% to the previous day’s close as strong demand from buyers drove the stock to $7.60.
Actively observing the price movement in the last trading, the stock closed the session at $7.58. Referring to stock’s 52-week performance, its high was $11.70, and the low was $4.45. On the whole, SOFI has fluctuated by 2.01% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SOFI’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SOFI currently trading nearly 3.22% and -1.30% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.86, while the 7-day volatility ratio is showing 3.66% which for the 30-day chart, stands at 3.72%. Furthermore, SoFi Technologies Inc (SOFI)’s beta value is 1.71, and its average true range (ATR) is 0.30.
A comparison of SoFi Technologies Inc (SOFI) with its peers suggests the former has fared considerably weaker in the market. SOFI showed an intraday change of 0.26% in last session, and over the past year, it grew by 30.36%%.
Data on historical trading for SoFi Technologies Inc (NASDAQ:SOFI) indicates that the trading volumes over the past 3 months, they’ve averaged 54.39 million. According to company’s latest data on outstanding shares, there are 1.06 billion shares outstanding.
Nearly 7.44% of SoFi Technologies Inc’s shares belong to company insiders and institutional investors own 35.35% of the company’s shares. The stock has fallen by -23.62% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SOFI stock heading into the next quarter.
