While SoFi Technologies Inc has underperformed by -4.56%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SOFI rose by 33.02%, with highs and lows ranging from $11.70 to $4.45, whereas the simple moving average jumped by 5.01% in the last 200 days.
On January 31, 2024, Morgan Stanley Downgraded SoFi Technologies Inc (NASDAQ: SOFI) to Underweight. A report published by Deutsche Bank on January 10, 2024, Initiated its previous ‘Hold’ rating for SOFI. Keefe Bruyette also Downgraded SOFI shares as ‘Underperform’, setting a target price of $6.50 on the company’s shares in a report dated January 03, 2024. Barclays Initiated an Equal Weight rating on November 15, 2023, and assigned a price target of $8. Morgan Stanley October 31, 2023d its ‘Underweight’ rating to ‘Equal-Weight’ for SOFI, as published in its report on October 31, 2023. UBS’s report from October 20, 2023 suggests a price prediction of $7 for SOFI shares, giving the stock a ‘Neutral’ rating. Keefe Bruyette also rated the stock as ‘Mkt Perform’.
Analysis of SoFi Technologies Inc (SOFI)
Further, the quarter-over-quarter increase in sales is 56.79%, showing a positive trend in the upcoming months.
In order to gain a clear picture of SoFi Technologies Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -5.43% is sufficient for you to turn a profit off your investment.
An average volume of 51.36M can be a very valuable indicator of volatility for SOFI stock. On a monthly basis, the volatility of the stock is set at 4.32%, whereas on a weekly basis, it is put at 4.52%, with a gain of 0.47% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.00, showing growth from the present price of $8.58, 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?
In addition to the fundamentals, you should also consider how many employees own shares in 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 7.55%. 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 35.38% 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 35.38% at present.
