For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
SoFi Technologies Inc (NASDAQ: SOFI) closed the day trading at $6.96 down -0.43% from the previous closing price of $6.99. In other words, the price has decreased by -$0.43 from its previous closing price. On the day, 55.86 million shares were traded. SOFI stock price reached its highest trading level at $7.235 during the session, while it also had its lowest trading level at $6.88.
Ratios:
For a better understanding of SOFI, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.07. In the meantime, Its Debt-to-Equity ratio is 0.49 whereas as Long-Term Debt/Eq ratio is at 0.49.
On April 05, 2024, Keefe Bruyette Upgraded its rating to Mkt Perform which previously was Underperform and also upped its target price recommendation from $6.50 to $7.50.
On April 03, 2024, Needham started tracking the stock assigning a Buy rating and target price of $10.Needham initiated its Buy rating on April 03, 2024, with a $10 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 19 ’24 when Rishel Jeremy sold 56,273 shares for $6.93 per share. The transaction valued at 389,972 led to the insider holds 390,616 shares of the business.
Rishel Jeremy sold 56,273 shares of SOFI for $550,350 on Dec 19 ’23. The Chief Technology Officer now owns 343,250 shares after completing the transaction at $9.78 per share. On Nov 21 ’23, another insider, Noto Anthony, who serves as the Chief Executive Officer of the company, bought 22,500 shares for $6.50 each. As a result, the insider paid 146,288 and bolstered with 7,261,789 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 7353170432 and an Enterprise Value of 6981166080. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.29 while its Price-to-Book (P/B) ratio in mrq is 1.26. Its current Enterprise Value per Revenue stands at 3.114.
Stock Price History:
The Beta on a monthly basis for SOFI is 1.76, which has changed by 0.27787936 over the last 52 weeks, in comparison to a change of 0.22379243 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 $4.45. The 50-Day Moving Average of the stock is -7.82%, while the 200-Day Moving Average is calculated to be -13.97%.
Shares Statistics:
Over the past 3-months, SOFI traded about 50.57M shares per day on average, while over the past 10 days, SOFI traded about 62608890 shares per day. A total of 1.06B shares are outstanding, with a floating share count of 980.20M. Insiders hold about 7.22% of the company’s shares, while institutions hold 36.35% stake in the company. Shares short for SOFI as of 1713139200 were 180065592 with a Short Ratio of 3.56, compared to 1710460800 on 209896269. Therefore, it implies a Short% of Shares Outstanding of 180065592 and a Short% of Float of 17.979999.
