The stock price of SoFi Technologies Inc (NASDAQ: SOFI) has jumped by 3.36 compared to previous close of 15.01. Despite this, the company has seen a gain of 13.83% in its stock price over the last five trading days. fool.com reported 2024-11-21 that The banking disruptor’s stock is finally starting to perform well. Is the upward momentum justified?
Is It Worth Investing in SoFi Technologies Inc (NASDAQ: SOFI) Right Now?
SoFi Technologies Inc (NASDAQ: SOFI) has a price-to-earnings ratio of 131.15x that is above its average ratio. Additionally, the 36-month beta value for SOFI is 1.70. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 10 rating it as “hold,” and 3 rating it as “sell.”
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The public float for SOFI is 1.03B and currently, short sellers hold a 15.74% ratio of that float. The average trading volume of SOFI on November 22, 2024 was 50.87M shares.
SOFI’s Market Performance
SOFI’s stock has seen a 13.83% increase for the week, with a 41.95% rise in the past month and a 102.28% gain in the past quarter. The volatility ratio for the week is 4.96%, and the volatility levels for the past 30 days are at 5.46% for SoFi Technologies Inc. The simple moving average for the past 20 days is 21.14% for SOFI’s stock, with a 92.56% simple moving average for the past 200 days.
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 48.64% 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 -0.23% of loss for the given period.
Volatility was left at 5.46%, however, over the last 30 days, the volatility rate increased by 4.96%, as shares surge +40.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +99.35% upper at present.
During the last 5 trading sessions, SOFI rose by +13.21%, which changed the moving average for the period of 200-days by +90.97% in comparison to the 20-day moving average, which settled at $12.80. In addition, SoFi Technologies Inc saw 55.93% 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 Pinto Arun, who proposed sale 23,404 shares at the price of $13.20 back on Nov 15 ’24. After this action, Pinto Arun now owns shares of SoFi Technologies Inc, valued at $308,909 using the latest closing price.
Keough Kelli, the EVP, GBUL, SIPS of SoFi Technologies Inc, sale 9,308 shares at $10.36 during a trade that took place back on Oct 21 ’24, which means that Keough Kelli is holding 152,203 shares at $96,458 based on the most recent closing price.
Stock Fundamentals for SOFI
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.28 for the gross margin
The net margin for SoFi Technologies Inc stands at 0.09. The total capital return value is set at 0.02. Equity return is now at value 3.73, with 0.69 for asset returns.
Based on SoFi Technologies Inc (SOFI), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at -0.3. The debt to equity ratio resting at 0.52. The interest coverage ratio of the stock is 0.51.
Currently, EBITDA for the company is 936.76 million with net debt to EBITDA at 1.21. When we switch over and look at the enterprise to sales, we see a ratio of 7.18.
Conclusion
In conclusion, SoFi Technologies Inc (SOFI) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
