BTIG Research has recently resumed SoFi Technologies Inc (SOFI) stock to Neutral rating, as announced on June 7, 2024, according to Finviz. Earlier, on April 8, 2024, Citigroup had resumed the stock to Buy, setting a price target of $11. Keefe Bruyette also raised Mkt Perform rating with a price target of $7.50. Additionally, Needham initiated Buy rating on April 3, 2024, with a target price of $10. Morgan Stanley analysts, in their report published on January 31, 2024, also reduced their rating and set a price target of $6.50 for SoFi Technologies Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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SoFi Technologies Inc (SOFI) Stock Trading Recap
On Friday, SoFi Technologies Inc (SOFI) stock saw a modest uptick, ending the day at $7.74 which represents a slight increase of $0.28 or 3.75% from the prior close of $7.46. The stock opened at $7.52 and touched a low of $7.52 during the day, reaching a high of $7.74. The volume of shares traded was 44.88 million exceeding the average volume of 40.06 million.
SOFI Stock Performance and Moving Averages
In recent trading, SoFi Technologies Inc (SOFI) stock price has shown some volatility, fluctuating 10.41% over the last five trades and 17.10% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 9.79%, and it has gained 13.82% in the previous three months. Currently, SOFI is trading at 4.68%, 8.41%, and 2.66% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, SOFI, a Financial sector stock, is trading -26.22% below its 52-week high but remains 28.79% above its 52-week low. The Average True Range (ATR) (14 days) of 0.36 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
SoFi Technologies Inc’s Profitability and Valuation Ratios
SoFi Technologies Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 20.55% and a profit margin of -4.51%, with a gross margin of 9.79%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, SoFi Technologies Inc’s market capitalization stands at $8.25 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 30.01. Additionally, the Price-to-Sales Ratio is 2.43, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.4, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 4.90% of SoFi Technologies Inc (SOFI)’s shares, while financial institutions hold 38.07%.
Notable insider trades include Keough Kelli, EVP, GBUL, SIPS at SoFi Technologies Inc (SOFI), who sold 24939 shares on Aug 22 ’24, at $7.26 each, totaling $0.18 million. On Jun 20 ’24, Rishel Jeremy, Chief Technology Officer, sold 56273 shares for $6.41 each, amounting to $0.36 million. Additionally, on Jun 13 ’24, Qatar Investment Authority sold 19840073 shares at $6.78 each, generating $134.52 million.
