$SoFi Technologies Inc.(SOFI)$ went down by -2.17% from its latest closing price compared to the recent 1-year high of $24.65. The company’s stock price has collected -10.51% of loss in the last five trading sessions.Barron’sreported on 05/16/22 that SoFi Stock Spikes. Market May Be ‘Over-Discounting’ Growth Potential.
Is It Worth Investing in SoFi Technologies Inc. (NASDAQ :SOFI) Right Now?
Opinions of the stock are interesting as 8 analysts out of 13 who provided ratings for SoFi Technologies Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 5 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $8.42, which is $2.28 above the current price. SOFI currently public float of 720.90M and currently shorts hold a 19.32% ratio of that float. Today, the average trading volume of SOFI was 39.33M shares.
SOFI’s Market Performance
SOFI stocks went down by -10.51% for the week, with a monthly jump of 13.31% and a quarterly performance of 2.44%, while its annual performance rate touched -59.01%. The volatility ratio for the week stands at 5.68% while the volatility levels for the past 30 days are set at 5.88% for SoFi Technologies Inc. The simple moving average for the period of the last 20 days is 2.23% for SOFI stocks with a simple moving average of -45.69% for the last 200 days.
Analysts’ Opinion of SOFI
Many brokerage firms have already submitted their reports for SOFI stocks, with Piper Sandler repeating the rating for SOFI by listing it as a “Overweight.” The predicted price for SOFI in the upcoming period, according to Piper Sandler is $10 based on the research report published on May 16th of the current year 2022.
MoffettNathanson, on the other hand, stated in their research note that they expect to see SOFI reach a price target of $13. The rating they have provided for SOFI stocks is “Buy” according to the report published on April 05th, 2022.
Morgan Stanley gave a rating of “Equal-Weight” to SOFI, setting the target price at $10 in the report published on March 16th of the current year.
SOFI Trading at -1.59% from the 50-Day Moving Average
After a stumble in the market that brought SOFI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -74.44% of loss for the given period.
Volatility was left at 5.88%, however, over the last 30 days, the volatility rate increased by 5.68%, as shares surge +13.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.83% lower at present.
During the last 5 trading sessions, SOFI fell by -10.51%, which changed the moving average for the period of 200-days by -65.74% in comparison to the 20-day moving average, which settled at $6.20. In addition, SoFi Technologies Inc. saw -60.15% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SOFI starting from Noto Anthony, who purchase 53,540 shares at the price of $5.58 back on Jun 16. After this action, Noto Anthony now owns 3,567,041 shares of SoFi Technologies Inc., valued at $298,973 using the latest closing price.
Gill Michelle, the Executive Vice President of SoFi Technologies Inc., sale 50,000 shares at $5.48 during a trade that took place back on Jun 14, which means that Gill Michelle is holding 1,831,223 shares at $274,000 based on the most recent closing price.
Stock Fundamentals for SOFI
Current profitability levels for the company are sitting at:
- -34.79 for the present operating margin
- +41.65 for the gross margin
The net margin for SoFi Technologies Inc. stands at -44.49. Equity return is now at value -10.10, with -4.90 for asset returns.
source: newsheater
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