Market Momentum Report: SoFi Technologies Inc (SOFI)’s Negative Close at 8.11

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The price of SoFi Technologies Inc (NASDAQ: SOFI) closed at $8.11 in the last session, down -0.12% from day before closing price of $8.12. In other words, the price has decreased by -$0.12 from its previous closing price. On the day, 63.35 million shares were traded. SOFI stock price reached its highest trading level at $8.53 during the session, while it also had its lowest trading level at $8.04.

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 2.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 51.58. 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:

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 Sep 17 ’24 when White Derek J bought 61,643 shares for $8.18 per share.

Lavet Robert S bought 4,317 shares of SOFI for $35,317 on Sep 17 ’24. On Sep 17 ’24, another insider, Rishel Jeremy, who serves as the Officer of the company, bought 135,629 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 8644772864 and an Enterprise Value of 9502627840. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.55 while its Price-to-Book (P/B) ratio in mrq is 1.46. Its current Enterprise Value per Revenue stands at 4.055.

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 12.15%, while the 200-Day Moving Average is calculated to be 7.41%.

Shares Statistics:

According to the various share statistics, SOFI traded on average about 39.52M shares per day over the past 3-months and 45923940 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 4.90% of the company’s shares, while institutions hold 38.07% stake in the company. Shares short for SOFI as of 1724976000 were 189465422 with a Short Ratio of 4.79, compared to 1722384000 on 181498379. Therefore, it implies a Short% of Shares Outstanding of 189465422 and a Short% of Float of 18.740000000000002.

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