The price of SoFi Technologies Inc (NASDAQ: SOFI) closed at $7.56 in the last session, down -4.18% from day before closing price of $7.89. In other words, the price has decreased by -$0.33 from its previous closing price. On the day, 53134972 shares were traded.
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 1.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.15. In the meantime, Its Debt-to-Equity ratio is 0.97 whereas as Long-Term Debt/Eq ratio is at 0.96.
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:
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 8.34B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.54 while its Price-to-Book (P/B) ratio in mrq is 1.41.
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 7.81, while the 200-Day Moving Average is calculated to be 8.21.
Shares Statistics:
According to the various share statistics, SOFI traded on average about 56.18M shares per day over the past 3-months and 41.27M 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 35.48% stake in the company. Shares short for SOFI as of Mar 15, 2024 were 209.9M with a Short Ratio of 3.06, compared to 158.28M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 21.49% and a Short% of Float of 22.96%.
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 $0.05 and a low estimate of -$0.02, while EPS last year was -$0.05. The consensus estimate for the next quarter is $0.02, with high estimates of $0.05 and low estimates of $0.
Analysts are recommending an EPS of between $0.3 and $0.04 for the fiscal current year, implying an average EPS of $0.1. EPS for the following year is $0.27, with 16 analysts recommending between $0.5 and $0.1.
Revenue Estimates
According to 9 analysts, the current quarter’s revenue is expected to be $552.19M. It ranges from a high estimate of $565.03M 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 20.00% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $578.25M, an increase of 18.30% less than the figure of $20.00% in the same quarter last year. There is a high estimate of $605M for the next quarter, whereas the lowest estimate is $534.02M.
A total of 10 analysts have provided revenue estimates for SOFI’s current fiscal year. The highest revenue estimate was $2.42B, while the lowest revenue estimate was $2.23B, resulting in an average revenue estimate of $2.36B. In the same quarter a year ago, actual revenue was $2.07B, up 13.80% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $2.76B in the next fiscal year. The high estimate is $3B and the low estimate is $2.57B. The average revenue growth estimate for next year is up 17.00% from the average revenue estimate for this year.
