Growing Through Challenges? – SoFi Technologies Inc (SOFI)

Currently, there are 975.86M common shares owned by the public and among those 886.45M shares have been available to trade.

Insiders at the company have transacted a total of 85 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 47 of these insider trades were purchases, accounting for 5,966,420 shares. Insider sales of the common stock occurred on 38 occasions, with total insider shares sold totaling 3,695,274 shares.

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However, the script later moved the day high at 7.95, up 1.94%. The company’s stock has a 5-day price change of 3.41% and 3.96% over the past three months. SOFI shares are trading -20.80% year to date (YTD), with the 12-month market performance up to 6.78% higher. It has a 12-month low price of $4.45 and touched a high of $11.70 over the same period. SOFI has an average intraday trading volume of 51.25 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.38%, -4.87%, and -0.12% respectively.

Institutional ownership of SoFi Technologies Inc (NASDAQ: SOFI) shares accounts for 34.39% of the company’s 975.86M shares outstanding.

It has a market capitalization of $7.55B and a beta (3y monthly) value of 1.79. The earnings-per-share (ttm) stands at -$0.35. The company has a debt-to-equity ratio at 0.96. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.03% over the week and 5.45% over the month.

Analysts forecast that SoFi Technologies Inc (SOFI) will achieve an EPS of $0 for the current quarter, $0.01 for the next quarter and $0.24 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.02 while analysts give the company a high EPS estimate of $0.01. Comparatively, EPS for the current quarter was -$0.05 a year ago. Earnings per share for the fiscal year are expected to increase by 118.82%, and 281.26% over the next financial year.

Looking at the support for the SOFI, a number of firms have released research notes about the stock. Morgan Stanley stated their Underweight rating for the stock in a research note on January 31, 2024, with the firm’s price target at $7-$6.50.

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