SoFi Technologies Inc. (NASDAQ: SOFI)’s stock price has decreased by -2.72 compared to its previous closing price of 5.55. Despite this, the company has experienced a -16.55% fall in its stock price over the last five trading sessions. Barron’s reported on 11/02/22 that SoFi Stock Leaps on Narrower-Than-Expected Loss and Revenue Beat
Is It Worth Investing in SoFi Technologies Inc. (NASDAQ: SOFI) Right Now?
Analysts have mixed views on the stock, with 8 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for SoFi Technologies Inc. (SOFI) is $7.54, which is $2.18 above the current market price. The public float for SOFI is 870.84M, and currently, short sellers hold a 8.80% ratio of that float. The average trading volume of SOFI on March 15, 2023 was 38.06M shares.
SOFI’s Market Performance
The stock of SoFi Technologies Inc. (SOFI) has seen a -16.55% decrease in the past week, with a -20.13% drop in the past month, and a 21.33% gain in the past quarter. The volatility ratio for the week is 8.01%, and the volatility levels for the past 30 days are at 5.25% for SOFI. The simple moving average for the last 20 days is -15.95% for SOFI stock, with a simple moving average of -7.75% for the last 200 days.
Analysts’ Opinion of SOFI
Many brokerage firms have already submitted their reports for SOFI stocks, with JP Morgan repeating the rating for SOFI by listing it as a “Neutral.” The predicted price for SOFI in the upcoming period, according to JP Morgan is $6 based on the research report published on January 17th of the current year 2023.
BofA Securities, on the other hand, stated in their research note that they expect to see SOFI reach a price target of $9, previously predicting the price at $8. The rating they have provided for SOFI stocks is “Buy” according to the report published on September 14th, 2022.
SOFI Trading at -12.21% 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 -48.92% of loss for the given period.
Volatility was left at 5.25%, however, over the last 30 days, the volatility rate increased by 8.01%, as shares sank -20.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.80% upper at present.
During the last 5 trading sessions, SOFI fell by -17.49%, which changed the moving average for the period of 200-days by -25.23% in comparison to the 20-day moving average, which settled at $6.35. In addition, SoFi Technologies Inc. saw 17.12% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SOFI starting from Noto Anthony, who purchase 180,000 shares at the price of $5.53 back on Mar 10. After this action, Noto Anthony now owns 5,984,110 shares of SoFi Technologies Inc., valued at $995,094 using the latest closing price.
Rishel Jeremy, the Chief Technology Officer of SoFi Technologies Inc., sale 81,000 shares at $6.46 during a trade that took place back on Mar 08, which means that Rishel Jeremy is holding 161,944 shares at $523,276 based on the most recent closing price.
Stock Fundamentals for SOFI
Current profitability levels for the company are sitting at:
- -7.34 for the present operating margin
- +50.61 for the gross margin
The net margin for SoFi Technologies Inc. stands at -18.18. Equity return is now at value -6.90, with -2.40 for asset returns.
Conclusion
To put it simply, SoFi Technologies Inc. (SOFI) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
