SoFi Technologies Inc. (SOFI) Moving Averages: 50-Day and 200-Day

The price of SoFi Technologies Inc. (NASDAQ: SOFI) closed at $5.31 in the last session, up 0.38% from day before closing price of $5.29. In other words, the price has increased by $+0.02 from its previous closing price. On the day, 23595186 shares were traded. SOFI stock price reached its highest trading level at $5.33 during the session, while it also had its lowest trading level at $5.13.

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We take a closer look at SOFI’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 1.17 whereas as Long-Term Debt/Eq ratio is at 1.17.

Upgrades & Downgrades

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 15 when Noto Anthony bought 108,000 shares for $4.67 per share. The transaction valued at 504,706 led to the insider holds 6,488,539 shares of the business.

Rishel Jeremy sold 200,000 shares of SOFI for $1,093,120 on May 09. The Chief Technology Officer now owns 101,582 shares after completing the transaction at $5.47 per share. On May 05, another insider, Noto Anthony, who serves as the Chief Executive Officer of the company, bought 30,000 shares for $5.12 each. As a result, the insider paid 153,513 and bolstered with 6,380,539 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SOFI now has a Market Capitalization of 5.11B. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.01 while its Price-to-Book (P/B) ratio in mrq is 0.94.

Stock Price History:

Over the past 52 weeks, SOFI has reached a high of $8.52, while it has fallen to a 52-week low of $4.24. The 50-Day Moving Average of the stock is 5.55, while the 200-Day Moving Average is calculated to be 5.64.

Shares Statistics:

According to the various share statistics, SOFI traded on average about 35.77M shares per day over the past 3-months and 43.6M shares per day over the past 10 days. A total of 929.27M shares are outstanding, with a floating share count of 870.74M. Insiders hold about 1.30% of the company’s shares, while institutions hold 34.60% stake in the company. Shares short for SOFI as of Apr 27, 2023 were 97.13M with a Short Ratio of 97.13M, compared to 91.7M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 10.33% and a Short% of Float of 12.42%.

Earnings Estimates

The company has 13 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.06 for the current quarter, with a high estimate of -$0.04 and a low estimate of -$0.1, while EPS last year was -$0.12. The consensus estimate for the next quarter is -$0.05, with high estimates of $0 and low estimates of -$0.1.

Analysts are recommending an EPS of between -$0.11 and -$0.32 for the fiscal current year, implying an average EPS of -$0.19. EPS for the following year is $0.01, with 13 analysts recommending between $0.25 and -$0.18.

Revenue Estimates

According to 10 analysts, the current quarter’s revenue is expected to be $476.49M. It ranges from a high estimate of $503M to a low estimate of $437.86M. As of the current estimate, SoFi Technologies Inc.’s year-ago sales were $356.09M, an estimated increase of 33.80% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $509.01M, an increase of 21.40% less than the figure of $33.80% in the same quarter last year. There is a high estimate of $535.81M for the next quarter, whereas the lowest estimate is $460.05M.

A total of 10 analysts have provided revenue estimates for SOFI’s current fiscal year. The highest revenue estimate was $2.07B, while the lowest revenue estimate was $1.93B, resulting in an average revenue estimate of $1.99B. In the same quarter a year ago, actual revenue was $1.54B, up 29.40% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $2.45B in the next fiscal year. The high estimate is $2.84B and the low estimate is $1.83B. The average revenue growth estimate for next year is up 22.80% from the average revenue estimate for this year.