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Friday, September 29, 2023

SoFi Technologies Inc. (SOFI) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for SoFi Technologies Inc. (SOFI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.03, or 0.34%, to $8.82. The SoFi Technologies Inc. has recorded 424,347 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that SoFi to Participate in Upcoming Investor Conference.

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Stocks Info

SoFi Technologies Inc. is listed on the NASDAQ in the Financial sector while operating in the Credit Services industry. At the end of the last regular session, the stock closed at $8.79 and fluctuated between $8.93 as its day high and $8.72 as its day low. The current market capitalization of SoFi Technologies Inc. is $8.23B. A total of 17.67 million shares were traded on the day, compared to an average of 49.99M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, SOFI has seen 16 BUY and 11 SELL insider trades, representing the acquisition of 2,071,718 and the disposition of 1,276,129 shares. Over the last 12 months, there were 62 BUYs and 48 SELLs from insiders. Insiders purchased 8,072,283 shares during that period but sold 3,627,097.

In the most recent transaction, Borton Chad M sold 90,458 shares of SOFI for 8.68 per share on Jun 16. After the transaction, the President – SoFi Bank now owns 229,449 company shares. In a previous transaction on Jun 15, Stafford Webb Lauren sold 100,000 shares at 9.29 per share. SOFI shares that Chief Marketing Officer owns now total 335,945.

Among the insiders who sold shares, Webster Aaron disposed of 200,000 shares on Jun 14 at a per-share price of $9.69. This resulted in the Chief Risk Officer holding 678,261 shares of SOFI after the transaction. In another insider transaction, Noto Anthony bought 108,000 shares at $4.67 per share on May 15. Company shares held by the Chief Executive Officer now total 6,488,539.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for SOFI in the last 3 months, the mean price target is $10.32 with high estimates of $16.00 and low estimates of $3.00. In terms of 52-week highs and lows, SOFI has a high of $11.70 and a low of $4.24.

As of this writing, SOFI has an earnings estimate of -$0.07 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $0 per share and a lower estimate of -$0.1. The company reported an EPS of -$0.05 in the last quarter, which was 28.60% higher than expectations of -$0.07.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $5.61, while its Total Shareholder’s Equity was $4.70B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SOFI is Buy with a score of 3.19.

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