Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of SoFi Technologies Inc (NASDAQ: SOFI) was $8.59 for the day, up 2.14% from the previous closing price of $8.41. In other words, the price has increased by $2.14 from its previous closing price. On the day, 32.84 million shares were traded. SOFI stock price reached its highest trading level at $8.66 during the session, while it also had its lowest trading level at $8.3.
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 3.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 54.63. 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 Sep 23 ’24 when Keough Kelli sold 9,308 shares for $7.99 per share. The transaction valued at 74,343 led to the insider holds 161,511 shares of the business.
Rishel Jeremy sold 68,081 shares of SOFI for $552,818 on Sep 20 ’24. The Chief Technology Officer now owns 521,505 shares after completing the transaction at $8.12 per share. On Sep 23 ’24, another insider, Kelli Allen Keough, who serves as the Affiliate of the company, bought 28,206 shares for $8.05 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 9156424704 and an Enterprise Value of 10014280704. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.70 while its Price-to-Book (P/B) ratio in mrq is 1.55. Its current Enterprise Value per Revenue stands at 4.273.
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 14.91%, while the 200-Day Moving Average is calculated to be 14.46%.
Shares Statistics:
SOFI traded an average of 42.28M shares per day over the past three months and 35209940 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 4.97% of the company’s shares, while institutions hold 38.05% stake in the company. Shares short for SOFI as of 1726185600 were 186592347 with a Short Ratio of 4.41, compared to 1723680000 on 192748151. Therefore, it implies a Short% of Shares Outstanding of 186592347 and a Short% of Float of 18.450001.
