While SoFi Technologies Inc has overperformed by 1.68%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SOFI rose by 37.22%, with highs and lows ranging from $11.70 to $4.45, whereas the simple moving average fell by -3.97% in the last 200 days.
On April 08, 2024, Citigroup started tracking SoFi Technologies Inc (NASDAQ: SOFI) recommending Buy. A report published by Keefe Bruyette on April 05, 2024, Upgraded its rating to ‘Mkt Perform’ for SOFI. Needham also rated SOFI shares as ‘Buy’, setting a target price of $10 on the company’s shares in an initiating report dated April 03, 2024. Morgan Stanley January 31, 2024d the rating to Underweight on January 31, 2024, and set its price target from $7 to $6.50. Deutsche Bank initiated its ‘Hold’ rating for SOFI, as published in its report on January 10, 2024. Keefe Bruyette’s report from January 03, 2024 suggests a price prediction of $6.50 for SOFI shares, giving the stock a ‘Underperform’ rating. Barclays also rated the stock as ‘Equal Weight’.
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 55.85M can be a very valuable indicator of volatility for SOFI stock. On a monthly basis, the volatility of the stock is set at 3.75%, whereas on a weekly basis, it is put at 4.02%, with a gain of 9.58% over the past seven days. Furthermore, long-term investors anticipate a median target price of $8.84, showing growth from the present price of $7.89, 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 7.48%. 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 35.48% 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 35.48% at present.
