The price of SoFi Technologies Inc (NASDAQ: SOFI) closed at $7.36 in the last session, up 2.22% from day before closing price of $7.20. In other words, the price has increased by $+0.16 from its previous closing price. On the day, 34573849 shares were traded.
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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 1.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.69. In the meantime, Its Debt-to-Equity ratio is 0.97 whereas as Long-Term Debt/Eq ratio is at 0.96.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on January 31, 2024, Downgraded its rating to Underweight and sets its target price to $6.50 from $7 previously.
Keefe Bruyette Downgraded its Mkt Perform to Underperform on January 03, 2024, whereas the target price for the stock was revised from $7.50 to $6.50.
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 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 7.73B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.47 while its Price-to-Book (P/B) ratio in mrq is 1.37.
Stock Price History:
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 7.87, while the 200-Day Moving Average is calculated to be 8.28.
Shares Statistics:
According to the various share statistics, SOFI traded on average about 56.28M shares per day over the past 3-months and 46.23M shares per day over the past 10 days. A total of 975.86M shares are outstanding, with a floating share count of 903.69M. Insiders hold about 7.48% of the company’s shares, while institutions hold 35.35% stake in the company. Shares short for SOFI as of Feb 29, 2024 were 154.36M with a Short Ratio of 3.73, compared to 150.79M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 15.80% and a Short% of Float of 16.88%.
Earnings Estimates
The company has 13 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.01 for the current quarter, with a high estimate of $0.04 and a low estimate of -$0.02, while EPS last year was -$0.05. The consensus estimate for the next quarter is $0.01, with high estimates of $0.05 and low estimates of $0.
Analysts are recommending an EPS of between $0.22 and $0.03 for the fiscal current year, implying an average EPS of $0.08. EPS for the following year is $0.26, with 16 analysts recommending between $0.47 and $0.08.
Revenue Estimates
According to 11 analysts, the current quarter’s revenue is expected to be $567M. It ranges from a high estimate of $662M to a low estimate of $529.73M. As of the current estimate, SoFi Technologies Inc’s year-ago sales were $460.16M, an estimated increase of 23.20% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $587.1M, an increase of 20.10% less than the figure of $23.20% in the same quarter last year. There is a high estimate of $627.1M for the next quarter, whereas the lowest estimate is $534.02M.
A total of 12 analysts have provided revenue estimates for SOFI’s current fiscal year. The highest revenue estimate was $2.52B, while the lowest revenue estimate was $2.23B, resulting in an average revenue estimate of $2.39B. In the same quarter a year ago, actual revenue was $2.07B, up 15.00% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $2.81B in the next fiscal year. The high estimate is $3.15B and the low estimate is $2.54B. The average revenue growth estimate for next year is up 17.90% from the average revenue estimate for this year.
