SoFi Technologies Inc (NASDAQ:SOFI) traded at $7.87 at close of the session on Friday, April 26, made an upward move of 3.69% on its previous day’s price.
Looking at the stock we see that its previous close was $7.59 . In terms of its 52-week price range, SOFI has a high of $11.70 and a low of $4.45. The company’s stock has gained about 6.93% over that past 30 days.
SoFi Technologies Inc has a market cap of $8.31 billion. Estimates by analysts give the company expected earnings per share (EPS) of $0.01, with the EPS growth for the year raised at $0.08 for 2024 and $0.24 for next year. These figures represent 122.20% and 200.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $556 million, with a low of $550.49 million and a high of $565.03 million. The median projection represents growth squeezing down to 20.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $2.37 billion, or 14.30% up from figures reported last year.
On the other hand, looking at the outlook for the SOFI stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Sell.
Looking further, we note the current price level is 6.43% off its SMA20 and 2.52% from its 50-day simple moving average. The RSI (14) is pointing at 59.35 while the volatility over the past week is 3.92% and jumps to 3.81% over the past one month. The beta value is 1.70, while the average true range (ATR) is currently pointing at 0.30.
Coming back to SoFi Technologies Inc (NASDAQ:SOFI), we note that the average 3-month trading volume was 54.33 million. Current shares outstanding are 1.06 billion.
The insiders hold 7.44% of the company’s shares while institutions hold 35.50%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -20.90% down in year-to-date price movement.
