Adversity is less terrifying than hope: SoFi Technologies Inc (SOFI)

With 62.61 million shares changed hands, the volume of the stock remained heavier than its average volume of 38.52 million shares. During the session, the Credit Services company that operates in wider Financial sector, reached to the highest price of $7.82 whereas the lowest price it dropped to was $7.345. The 52-week range on SOFI shows that it touched its highest point at $11.70 and its lowest point at $6.15 during that stretch. It currently has a 1-year price target of $8.38. Beta for the stock currently stands at 1.72.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SOFI was up-trending over the past week, with a rise of 21.47%, but this was up by 13.97% over a month. Three-month performance surged to 8.85% while six-month performance fell -1.77%. The stock lost -14.65% in the past year, while it has lost -22.11% so far this year. A look at the trailing 12-month EPS for SOFI yields -0.29 with Next year EPS estimates of 0.24. For the next quarter, that number is 0.01. This implies an EPS growth rate of 124.07% for this year and 174.81% for next year. EPS is expected to grow by 51.10% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 32.14%.

Float and Shares Shorts:

At present, 1.06 billion SOFI shares are outstanding with a float of 1.01 billion shares on hand for trading. On 2024-06-28, short shares totaled 187.0 million, which was 1769.0000000000002 higher than short shares on 1717113600. In addition to Mr. George Thompson Hutton as the firm’s Independent Non Executive Chairman, Mr. Anthony J. Noto serves as its CEO & Director.

Institutional Ownership:

Through their ownership of 0.41306 of SOFI’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SOFI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.