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The closing price of SoFi Technologies Inc (NASDAQ: SOFI) was $7.92 for the day, down -1.61% from the previous closing price of $8.05. In other words, the price has decreased by -$1.61 from its previous closing price. On the day, 31.21 million shares were traded. SOFI stock price reached its highest trading level at $8.13 during the session, while it also had its lowest trading level at $7.91.
Ratios:
Our analysis of SOFI’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 50.37. In the meantime, Its Debt-to-Equity ratio is 0.54 whereas as Long-Term Debt/Eq ratio is at 0.54.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 23 ’24 when Kelli Allen Keough bought 28,206 shares for $8.05 per share.
Rishel Jeremy bought 68,061 shares of SOFI for $552,655 on Sep 20 ’24. On Sep 17 ’24, another insider, White Derek J, who serves as the Officer of the company, bought 61,643 shares for $8.18 each.
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 8442244608 and an Enterprise Value of 9300098048. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.49 while its Price-to-Book (P/B) ratio in mrq is 1.43. Its current Enterprise Value per Revenue stands at 3.968.
Stock Price History:
Over the past 52 weeks, SOFI has reached a high of $10.49, while it has fallen to a 52-week low of $6.01. The 50-Day Moving Average of the stock is 8.14%, while the 200-Day Moving Average is calculated to be 4.81%.
Shares Statistics:
SOFI traded an average of 40.45M shares per day over the past three months and 46918090 shares per day over the past ten days. A total of 1.07B shares are outstanding, with a floating share count of 1.01B. Insiders hold about 4.98% of the company’s shares, while institutions hold 38.03% stake in the company. Shares short for SOFI as of 1724976000 were 189465422 with a Short Ratio of 4.68, compared to 1722384000 on 181498379. Therefore, it implies a Short% of Shares Outstanding of 189465422 and a Short% of Float of 18.740000000000002.
