With 54.39 million shares changed hands, the volume of the stock remained heavier than its average volume of 44.8 million shares. The 52-week range on SOFI shows that it touched its highest point at $18.42 and its lowest point at $6.01 during that stretch. It currently has a 1-year price target of $14.43. Beta for the stock currently stands at 1.79.
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 down-trending over the past week, with a drop of -3.42%, but this was down by -16.60% over a month. Three-month performance surged to 5.31% while six-month performance rose 99.05%. The stock gained 72.39% in the past year, while it has lost -4.74% so far this year. A look at the trailing 12-month EPS for SOFI yields 0.37 with Next year EPS estimates of 0.52. For the next quarter, that number is 0.04. This implies an EPS growth rate of -33.56% for this year and 100.83% for next year.
Float and Shares Shorts:
At present, 1.10 billion SOFI shares are outstanding with a float of 1.06 billion shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SOFI since 14 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 7 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.1406 being high and $0.11047 being low. For SOFI, this leads to a yearly average estimate of $0.12051. Based on analyst estimates, the high estimate for the next quarter is $0.06 and the low estimate is $0.05. The average estimate for the next quarter is thus $0.05.
