SAN FRANCISCO, CA – Shares of SoFi Technologies, Inc. (SOFI) are capturing significant investor attention today, staging a powerful intraday rally that has pushed the stock price to $18.33, a gain of nearly 0.70%. The move, which came after the market opened, demonstrates robust buying pressure and places the popular fintech company within striking distance of a new 52-week high.
After opening at $18.00, lower than its previous close of $18.21, SOFI stock saw a brief dip before buyers stepped in with force. The stock surged dramatically, hitting a day’s high of $18.45 and showcasing the strong bullish sentiment currently surrounding the company. This price action puts it tantalizingly close to its 52-week range peak of $18.92, a key psychological milestone that could signal a further breakout if surpassed.
This momentum is backed by solid fundamentals. SoFi Technologies, Inc. has proven its ability to achieve profitability, a critical achievement in the competitive fintech landscape. The company boasts a positive Earnings Per Share (EPS TTM) of 20.3 billion, SoFi has firmly established itself as a major force in the digital finance industry, offering an all-in-one platform for banking, loans, investments, and more.
Interestingly, while the market is voting with its dollars, some analyst ratings appear to be lagging behind the stock’s recent powerful advance. The current 1-year analyst target estimate is listed at $14.45. The significant gap between this target and the current trading price suggests that investors are pricing in a more optimistic outlook than Wall Street consensus, betting on SoFi’s continued growth, member acquisition, and expansion of its profitable product lines.
For investors focused on high-growth sectors, the performance of SOFI stock offers a compelling case study in market momentum and belief in a company’s long-term vision. As it continues to innovate and scale, SoFi remains a benchmark name in the evolving world of finance.
Frequently Asked Questions (FAQ) about SoFi Technologies (SOFI) Stock
Here are answers to over 10 common questions investors might have based on the provided market data.
1. What is the current stock price for SoFi Technologies?
As of 10:07:49 AM EDT, the stock price for SoFi Technologies (SOFI) was $18.33 per share.
2. What is SoFi’s stock ticker symbol?
The company trades on the Nasdaq exchange under the ticker symbol SOFI.
3. Is SoFi stock up or down today?
The stock is up, showing a gain of $0.13, which represents a +0.69% increase for the day at the time of the snapshot.
4. Is SoFi Technologies a profitable company?
Yes. The provided data shows a positive Earnings Per Share (EPS TTM) of $0.43 and a P/E Ratio of 42.77, both of which are indicators of profitability over the last twelve months.
5. What is the 52-week high and low for SOFI stock?
The 52-week trading range for SOFI is $6.01 – $18.92. The current price of $18.33 is very close to its 52-week high.
6. What is the analyst price target for SOFI stock?
The 1-year analyst target estimate is listed as $14.45. It’s important to note that the current stock price is trading above this target, suggesting strong market optimism.
7. Does SoFi pay a dividend?
No. The “Forward Dividend & Yield” field is marked with a dash (—), indicating that SoFi Technologies, Inc. does not currently pay a dividend to its shareholders.
8. What is the market capitalization of SoFi?
The intraday market cap for SoFi is approximately $20.328 billion.
9. What does SoFi’s Beta of 1.83 mean for investors?
A Beta of 1.83 indicates that SOFI stock is historically 83% more volatile than the overall market. This means it has the potential for larger price swings (both up and down) compared to a benchmark index like the S&P 500.
10. What was the trading volume for SOFI today?
At the time of the image, the trading volume was 16,157,620 shares. This is on its way to its average volume of 66,835,022 shares.
11. What was the stock’s opening price and its trading range for the day?
SOFI opened at 17.86 and $18.45.
12. What is SoFi Technologies?
SoFi is a leading American fintech (financial technology) company that provides a comprehensive suite of digital financial products and services, including student loans, personal loans, mortgages, stock and crypto trading, and online banking through its SoFi Bank division.
