The stock of SoFi Technologies Inc (NASDAQ: SOFI) has decreased by -0.28 when compared to last closing price of 7.13. Despite this, the company has experienced a -3.00% fall in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-20 that Many stocks still remain well off their peak prices. Despite its early focus on artificial intelligence, this forward-thinking insurance company is far from achieving positive earnings.
Is It Worth Investing in SoFi Technologies Inc (NASDAQ: SOFI) Right Now?
Company’s 36-month beta value is 1.72.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SOFI is 977.88M, and currently, short sellers hold a 17.55% ratio of that floaft. The average trading volume of SOFI on April 22, 2024 was 55.12M shares.
SOFI’s Market Performance
The stock of SoFi Technologies Inc (SOFI) has seen a -3.00% decrease in the past week, with a -3.40% drop in the past month, and a -5.07% fall in the past quarter. The volatility ratio for the week is 4.01%, and the volatility levels for the past 30 days are at 3.69% for SOFI. The simple moving average for the last 20 days is -3.60% for SOFI stock, with a simple moving average of -12.98% for the last 200 days.
Analysts’ Opinion of SOFI
Many brokerage firms have already submitted their reports for SOFI stocks, with Citigroup repeating the rating for SOFI by listing it as a “Buy.” The predicted price for SOFI in the upcoming period, according to Citigroup is $11 based on the research report published on April 08, 2024 of the current year 2024.
Keefe Bruyette, on the other hand, stated in their research note that they expect to see SOFI reach a price target of $7.50, previously predicting the price at $6.50. The rating they have provided for SOFI stocks is “Mkt Perform” according to the report published on April 05th, 2024.
Needham gave a rating of “Buy” to SOFI, setting the target price at $10 in the report published on April 03rd of the current year.
SOFI Trading at -8.12% 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 -39.23% of loss for the given period.
Volatility was left at 3.69%, however, over the last 30 days, the volatility rate increased by 4.01%, as shares sank -4.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.18% lower at present.
During the last 5 trading sessions, SOFI fell by -3.00%, which changed the moving average for the period of 200-days by -15.16% in comparison to the 20-day moving average, which settled at $7.36. In addition, SoFi Technologies Inc saw -28.54% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SOFI starting from Rishel Jeremy, who sale 56,273 shares at the price of $6.93 back on Mar 19 ’24. After this action, Rishel Jeremy now owns 390,616 shares of SoFi Technologies Inc, valued at $389,972 using the latest closing price.
Rishel Jeremy, the Chief Technology Officer of SoFi Technologies Inc, sale 56,273 shares at $9.78 during a trade that took place back on Dec 19 ’23, which means that Rishel Jeremy is holding 343,250 shares at $550,350 based on the most recent closing price.
Stock Fundamentals for SOFI
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.49 for the gross margin
The net margin for SoFi Technologies Inc stands at -0.14. The total capital return value is set at -0.0. Equity return is now at value -5.43, with -1.23 for asset returns.
Based on SoFi Technologies Inc (SOFI), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at -1.28. The debt to equity ratio resting at 0.95. The interest coverage ratio of the stock is -0.14.
Currently, EBITDA for the company is -300.33 million with net debt to EBITDA at -116.66. When we switch over and look at the enterprise to sales, we see a ratio of 4.3. The receivables turnover for the company is 35.6for trailing twelve months and the total asset turnover is 0.07.
Conclusion
In a nutshell, SoFi Technologies Inc (SOFI) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
