While SoFi Technologies Inc has underperformed by -2.93%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SOFI fell by -4.51%, with highs and lows ranging from $10.49 to $6.01, whereas the simple moving average jumped by 1.03% in the last 200 days.
On June 07, 2024, BTIG Research started tracking SoFi Technologies Inc (NASDAQ: SOFI) recommending Neutral. Keefe Bruyette also Upgraded SOFI shares as ‘Mkt Perform’, setting a target price of $7.50 on the company’s shares in a report dated April 05, 2024. Needham Initiated an Buy rating on April 03, 2024, and assigned a price target of $10. Morgan Stanley January 31, 2024d its ‘Equal-Weight’ rating to ‘Underweight’ for SOFI, as published in its report on January 31, 2024. Keefe Bruyette also rated the stock as ‘Underperform’.
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Analysis of SoFi Technologies Inc (SOFI)
Further, the quarter-over-quarter increase in sales is 27.14%, showing a positive trend in the upcoming months.
One of the most important indicators of SoFi Technologies Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -1.97% is sufficient for you to turn a profit off your investment.
For any stock, average volume can also provide valuable insight into volatility, and SOFI is recording 41.08M average volume. On a monthly basis, the volatility of the stock is set at 4.25%, whereas on a weekly basis, it is put at 3.06%, with a loss of -2.55% over the past seven days. Furthermore, long-term investors anticipate a median target price of $8.14, showing growth from the present price of $7.63, which can serve as yet another indication of whether SOFI is worth investing in or should be passed over.
How Do You Analyze SoFi Technologies Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.97%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 38.05% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SOFI shares are owned by institutional investors to the tune of 38.05% at present.
