As of September 19, 2023, an intriguing pattern of options activity has emerged, indicating a confident and bullish outlook on SoFi Techs (NASDAQ:SOFI) from a high-net-worth individual. The sentiment among these significant players is divided, with 63% expressing bullish sentiments and 36% leaning towards a bearish stance. Over the past three months, the price target for SoFi Techs has been estimated to range between $5.0 and $20.0.
Among the notable options identified, a bearish call sweep stands out with an expiration date of 01/17/25 and a strike price of $15.00. This particular trade was executed at a total price of $105.6K, with an open interest of 47.7K and a volume of 1.1K. Additionally, a bullish call sweep has also been observed, set to expire on 01/17/25, with a strike price of $17.00. The total trade price for this option amounted to $66.4K, accompanied by an open interest of 1.6K and a volume of 747.
It is important to emphasize that retail traders must exercise caution and engage in thorough research and analysis before making any investment decisions. The information provided serves as a mere observation of recent options activity and should not be considered as financial advice or a guarantee of future market movements.
SoFi Technologies, Inc.
Updated on: 03/10/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Buy
DCF: Strong Buy
4:00 AM (UTC)
Date:03 October, 2023
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SOFI Stock Analysis: Impressive Earnings and Revenue Growth, but Concerns Over Profitability
On September 19, 2023, SOFI stock (ticker symbol: SOFI) opened at $8.65, slightly lower than the previous day’s closing price of $8.67. Throughout the day, the stock traded within a range of $8.55 to $8.86. The trading volume for the day was 623,324 shares, which is significantly lower than the average volume of 46,342,815 shares over the past three months.
SOFI, short for Social Finance, is a finance company operating in the finance/rental/leasing industry. With a market capitalization of $8.6 billion, SOFI has shown impressive earnings and revenue growth in recent years. The company’s earnings growth rate for the last year was +59.77%, and for this year, it is +54.92%. Looking ahead, the earnings growth rate for the next five years is projected to be +43.00%. Similarly, SOFI’s revenue growth rate for the last year was +62.08%.
Despite these positive growth figures, the stock’s P/E ratio is listed as NM (not meaningful), indicating that the company is currently not generating positive earnings. This is further supported by the fact that SOFI reported a net loss of -$320.4 million in the last fiscal year. The net profit margin for the company stands at -18.18%.
In terms of valuation, SOFI has a price/sales ratio of 2.36 and a price/book ratio of 1.63. These ratios provide insight into how the market values the company’s sales and book value, respectively. However, without data on competitors, it is difficult to assess how these ratios compare within the industry.
Investors interested in SOFI should mark November 8, 2023, on their calendars as the next reporting date for the company. This report will provide more information on the company’s financial performance and may impact the stock’s future direction.
Overall, SOFI’s stock performance on September 19, 2023, was relatively stable, with a small decrease in the opening price compared to the previous day’s close. The company’s strong earnings and revenue growth rates suggest a positive trajectory, but the lack of profitability and negative net profit margin raise concerns. Investors should closely monitor future financial reports and industry developments to make informed decisions regarding SOFI stock.
Fluctuations in SOFI Stock Performance: Analysts Predict Potential Increase of 24.71% as Financial Report Approaches
On September 19, 2023, SoFi Technologies Inc (SOFI) experienced fluctuations in its stock performance. According to data from CNN Money, the 16 analysts offering 12-month price forecasts for SOFI stock had a median target of 10.75. The high estimate was 16.00, while the low estimate was 3.00. This median estimate indicated a potential increase of 24.71% from the last recorded price of 8.62.
The current consensus among 19 polled investment analysts is to hold stock in SoFi Technologies Inc. This rating has remained steady since September.
The current quarter reported earnings per share of -$0.06. Sales for the quarter reached $512.2 million.
The reporting date for these financial results is scheduled for November 8.
Based on the median target price forecasted by analysts and the current consensus to hold SOFI stock, it appears that there is cautious optimism surrounding the company’s future performance. However, investors should closely monitor the upcoming financial report to make informed decisions regarding their investments in SoFi Technologies Inc.