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In the latest session, SoFi Technologies Inc (NASDAQ: SOFI) closed at $7.43 down -1.46% from its previous closing price of $7.54. In other words, the price has decreased by -$1.46 from its previous closing price. On the day, 23.09 million shares were traded. SOFI stock price reached its highest trading level at $7.66 during the session, while it also had its lowest trading level at $7.42.
Ratios:
For a deeper understanding of SoFi Technologies Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.37. In the meantime, Its Debt-to-Equity ratio is 0.49 whereas as Long-Term Debt/Eq ratio is at 0.49.
Keefe Bruyette Upgraded its Underperform to Mkt Perform on April 05, 2024, whereas the target price for the stock was revised from $6.50 to $7.50.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 20 ’24 when Rishel Jeremy sold 56,273 shares for $6.41 per share. The transaction valued at 360,710 led to the insider holds 453,464 shares of the business.
Noto Anthony bought 30,715 shares of SOFI for $199,110 on Jun 14 ’24. The Chief Executive Officer now owns 8,121,844 shares after completing the transaction at $6.48 per share. On Jun 13 ’24, another insider, Qatar Investment Authority, who serves as the Director by deputization of the company, sold 19,840,073 shares for $6.78 each. As a result, the insider received 134,515,695 and left with 0 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 7971497984 and an Enterprise Value of 7483508224. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.45 while its Price-to-Book (P/B) ratio in mrq is 1.35. Its current Enterprise Value per Revenue stands at 3.338.
Stock Price History:
The Beta on a monthly basis for SOFI is 1.72, which has changed by -0.2195378 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, SOFI has reached a high of $11.70, while it has fallen to a 52-week low of $6.15. The 50-Day Moving Average of the stock is 7.94%, while the 200-Day Moving Average is calculated to be -2.15%.
Shares Statistics:
For the past three months, SOFI has traded an average of 39.98M shares per day and 45892270 over the past ten days. A total of 1.06B shares are outstanding, with a floating share count of 1.01B. Insiders hold about 4.91% of the company’s shares, while institutions hold 38.43% stake in the company. Shares short for SOFI as of 1719532800 were 187001190 with a Short Ratio of 4.68, compared to 1717113600 on 183812169. Therefore, it implies a Short% of Shares Outstanding of 187001190 and a Short% of Float of 18.66.
