In the past week, SOFI stock has gone down by -1.67%, with a monthly gain of 13.70% and a quarterly plunge of -3.23%. The volatility ratio for the week is 4.64%, and the volatility levels for the last 30 days are 3.97% for SoFi Technologies Inc. The simple moving average for the past 20 days is 5.44% for SOFI’s stock, with a -3.19% simple moving average for the past 200 days.
Is It Worth Investing in SoFi Technologies Inc (NASDAQ: SOFI) Right Now?
The 36-month beta value for SOFI is also noteworthy at 1.68. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for SOFI is 1.01B, and at present, short sellers hold a 18.40% of that float. The average trading volume of SOFI on July 26, 2024 was 39.43M shares.
SOFI) stock’s latest price update
SoFi Technologies Inc (NASDAQ: SOFI)’s stock price has gone rise by 1.03 in comparison to its previous close of 7.27, however, the company has experienced a -1.67% decrease in its stock price over the last five trading days. investorplace.com reported 2024-07-26 that SoFi Technologies (NASDAQ: SOFI ) is releasing its Q2 results on the 30th of July. As Investorplace previously reported, Wall Street’s expectations are high concerning the fintech firm’s earnings.
Analysts’ Opinion of SOFI
Citigroup, on the other hand, stated in their research note that they expect to see SOFI reach a price target of $11. The rating they have provided for SOFI stocks is “Buy” according to the report published on April 08th, 2024.
Keefe Bruyette gave a rating of “Mkt Perform” to SOFI, setting the target price at $7.50 in the report published on April 05th of the current year.
SOFI Trading at 6.50% 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 -37.22% of loss for the given period.
Volatility was left at 3.97%, however, over the last 30 days, the volatility rate increased by 4.64%, as shares surge +11.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.21% lower at present.
During the last 5 trading sessions, SOFI fell by -2.21%, which changed the moving average for the period of 200-days by -10.70% in comparison to the 20-day moving average, which settled at $7.00. In addition, SoFi Technologies Inc saw -26.18% 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 $6.41 back on Jun 20 ’24. After this action, Rishel Jeremy now owns 453,464 shares of SoFi Technologies Inc, valued at $360,710 using the latest closing price.
Noto Anthony, the Chief Executive Officer of SoFi Technologies Inc, purchase 30,715 shares at $6.48 during a trade that took place back on Jun 14 ’24, which means that Noto Anthony is holding 8,121,844 shares at $199,110 based on the most recent closing price.
Stock Fundamentals for SOFI
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.55 for the gross margin
The net margin for SoFi Technologies Inc stands at -0.08. The total capital return value is set at -0.0. Equity return is now at value -3.05, with -0.66 for asset returns.
Based on SoFi Technologies Inc (SOFI), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at -1.35. The debt to equity ratio resting at 0.55. The interest coverage ratio of the stock is -0.07.
Currently, EBITDA for the company is -300.33 million with net debt to EBITDA at -32.33. When we switch over and look at the enterprise to sales, we see a ratio of 2.84. The receivables turnover for the company is 35.06for trailing twelve months and the total asset turnover is 0.07.
Conclusion
In summary, SoFi Technologies Inc (SOFI) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
