SoFi Technologies Inc. (NASDAQ:SOFI) went up by 2.92% from its latest closing price compared to the recent 1-year high of $28.26. The company’s stock price has collected 16.90% of gains in the last five trading sessions. MarketWatch.com reported on 09/25/21 that Nancy Davis wants to be the ‘Vanguard of convexity,’ as she rolls out a new low-cost fixed-income ETF
Is It Worth Investing in SoFi Technologies Inc. (NASDAQ :SOFI) Right Now?
Opinions of the stock are interesting as 4 analysts out of 6 who provided ratings for SoFi Technologies Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $24.50, which is $5.53 above the current price. SOFI currently public float of 679.35M and currently shorts hold a 3.61% ratio of that float. Today, the average trading volume of SOFI was 21.77M shares.
SOFI’s Market Performance
SOFI stocks went up by 16.90% for the week, with a monthly jump of 18.79% and a quarterly performance of -4.65%. The volatility ratio for the week stands at 5.78% while the volatility levels for the past 30 days are set at 4.58% for SoFi Technologies Inc.. The simple moving average for the period of the last 20 days is 16.39% for SOFI stocks with a simple moving average of 1.15% for the last 200 days.
Analysts’ Opinion of SOFI
Many brokerage firms have already submitted their reports for SOFI stocks, with Jefferies repeating the rating for SOFI by listing it as a “Buy.” The predicted price for SOFI in the upcoming period, according to Jefferies is $25 based on the research report published on September 22nd of the current year 2021.
Mizuho, on the other hand, stated in their research note that they expect to see SOFI reach a price target of $28. The rating they have provided for SOFI stocks is “Buy” according to the report published on September 15th, 2021.
Credit Suisse gave a rating of “Neutral” to SOFI, setting the target price at $16.50 in the report published on September 09th of the current year.
SOFI Trading at 14.96% from the 50-Day Moving Average
After a stumble in the market that brought SOFI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.58% of loss for the given period.
Volatility was left at 4.58%, however, over the last 30 days, the volatility rate increased by 5.78%, as shares surge +22.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.32% upper at present.
During the last 5 trading sessions, SOFI rose by +16.90%, which changed the moving average for the period of 200-days by +62.28% in comparison to the 20-day moving average, which settled at $15.32. In addition, SoFi Technologies Inc. saw 41.80% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at SOFI starting from Wilkes Thomas Clayton, who sale 1,119,413 shares at the price of $15.16 back on Sep 13. After this action, Wilkes Thomas Clayton now owns 52,802,242 shares of SoFi Technologies Inc., valued at $16,970,301 using the latest closing price.
Heavener Micah, the Head of Operations of SoFi Technologies Inc., sale 6,250 shares at $16.00 during a trade that took place back on Sep 07, which means that Heavener Micah is holding 90,162 shares at $100,000 based on the most recent closing price.
Stock Fundamentals for SOFI
The liquidity ratio also appears to be rather interesting for investors as it stands at 5.78.