Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The price of SoFi Technologies Inc (NASDAQ: SOFI) closed at $10.91 in the last session, down -1.18% from day before closing price of $11.04. In other words, the price has decreased by -$1.18 from its previous closing price. On the day, 41.06 million shares were traded. SOFI stock price reached its highest trading level at $11.13 during the session, while it also had its lowest trading level at $10.635.
Ratios:
We take a closer look at SOFI’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 68.58. In the meantime, Its Debt-to-Equity ratio is 0.54 whereas as Long-Term Debt/Eq ratio is at 0.54.
Upgrades & Downgrades
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:
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 Oct 21 ’24 when Keough Kelli sold 9,308 shares for $10.36 per share. The transaction valued at 96,458 led to the insider holds 152,203 shares of the business.
Keough Kelli sold 9,308 shares of SOFI for $74,343 on Sep 23 ’24. The EVP, GBUL, SIPS now owns 161,511 shares after completing the transaction at $7.99 per share. On Sep 20 ’24, another insider, Rishel Jeremy, who serves as the Chief Technology Officer of the company, sold 68,081 shares for $8.12 each. As a result, the insider received 552,818 and left with 521,505 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 11827968000 and an Enterprise Value of 12754854912. As of this moment, SoFi’s Price-to-Earnings (P/E) ratio for their current fiscal year is 92.22, and their Forward P/E ratio for the next fiscal year is 39.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.17 while its Price-to-Book (P/B) ratio in mrq is 1.93. Its current Enterprise Value per Revenue stands at 5.063.
Stock Price History:
Over the past 52 weeks, SOFI has reached a high of $11.50, while it has fallen to a 52-week low of $6.01. The 50-Day Moving Average of the stock is 24.93%, while the 200-Day Moving Average is calculated to be 42.44%.
Shares Statistics:
According to the various share statistics, SOFI traded on average about 46.43M shares per day over the past 3-months and 68643090 shares per day over the past 10 days. A total of 1.07B shares are outstanding, with a floating share count of 1.01B. Insiders hold about 4.97% of the company’s shares, while institutions hold 38.04% stake in the company. Shares short for SOFI as of 1728950400 were 180669028 with a Short Ratio of 3.89, compared to 1726185600 on 186592347. Therefore, it implies a Short% of Shares Outstanding of 180669028 and a Short% of Float of 17.549999.
