Should Investors Trust The Upside Potential In SoFi Technologies Inc (SOFI)?

SoFi Technologies Inc (NASDAQ:SOFI) currently has a daily average trading volume of 46.67M but it saw 58135455 shares traded in last market. With a market cap of 11.91B USD, the company’s current market price of $11.17 came falling about -0.45 while comparing to the previous closing price of $11.22. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.50 and as low as $6.01. In the recent trading on the day, stock has struck highest price mark of $10.88 while lowest mark touched by it was $11.325.

Taking a look at 20-day trading activity of SoFi Technologies Inc (SOFI) gives us an average price of $9.95, while its current price level is -2.87% below from 52-week high level whereas it is 85.86% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $8.59 while that of 200 days or SMA-200 reads an average of $7.62. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.28% during that period while stretching the period over a month that decreases to 4.83%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 70.12 which implies that the stock is in overbought territory.

Keefe Bruyette issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $6.50 and $7.50.

Over the week, SOFI’s stock price is moving 2.20% up while it is 43.39% when we observe its performance for the past one month. Year-to-date it is 12.26% up and over the past year, the stock is showing an upside performance of 47.95%.

Currently, SoFi Technologies Inc’s total number of outstanding shares is 1.07B. Company’s return on investment (ROI) stands at 1.96% and return on equity (ROE) at 3.73%. It has a price to earnings ratio (P/E ratio) of 94.42 while having a 40.10 of forward P/E ratio. Stock’s beta reads 1.70. Stock has a price to book (P/B) ratio of 1.98 while price to sale or P/S ratio amounts to 3.28. Its return on asset (ROA) is 0.69% on average.