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The closing price of SoFi Technologies Inc (NASDAQ: SOFI) was $7.05 for the day, down -0.42% from the previous closing price of $7.08. In other words, the price has decreased by -$0.42 from its previous closing price. On the day, 57.71 million shares were traded. SOFI stock price reached its highest trading level at $7.1691 during the session, while it also had its lowest trading level at $6.75.
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 2.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 44.84. 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 Aug 22 ’24 when Keough Kelli sold 24,939 shares for $7.26 per share. The transaction valued at 180,952 led to the insider holds 114,407 shares of the business.
Kelli Allen Keough bought 24,939 shares of SOFI for $182,055 on Aug 22 ’24. On Aug 15 ’24, another insider, Pinto Arun, who serves as the Officer of the company, bought 32,006 shares for $6.79 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 7514876928 and an Enterprise Value of 8372726272. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.21 while its Price-to-Book (P/B) ratio in mrq is 1.27. Its current Enterprise Value per Revenue stands at 3.573.
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 -0.61%, while the 200-Day Moving Average is calculated to be -6.41%.
Shares Statistics:
SOFI traded an average of 39.39M shares per day over the past three months and 43983870 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 4.94% of the company’s shares, while institutions hold 38.08% stake in the company. Shares short for SOFI as of 1723680000 were 192748151 with a Short Ratio of 4.89, compared to 1721001600 on 184980580. Therefore, it implies a Short% of Shares Outstanding of 192748151 and a Short% of Float of 19.06.
