The SOFI stock price fluctuated between $16.51 and $17.27 throughout the trading session with the volume trading being 17M shares, which represented a positive variation when compared to the three months average volume of 13M shares.
The share price of SoFi Technologies, Inc. (NasdaqGS:SOFI) dipped -0.53% to close Wednesday’s market session at $16.9, lower as compared to yesterday’s close which brings the market valuation of the company to $13.51B.
The 52-week high for the SoFi Technologies, Inc.’s shares is $28.26. That puts it -40.2% from that peak but still a fine gain since the share price dropped to a 52-week low of $11.80, while the S&P 500’s share price change was of 33%.
What does the trading volume tell us about the SOFI stock?
During the last trading session, SoFi Technologies, Inc. (NasdaqGS:SOFI) has seen growth in its daily volume. The daily volume was of 13M, while in the last 10 days the average was 16.25M and last three months – 12.93M.
SoFi Technologies, Inc.’s (NasdaqGS:SOFI) financials
With a market cap of 13.51B, SoFi Technologies, Inc. holds a total cash of $872.58M that translates into $13.21 per share, while the total debt is of $5.07B.
The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 166.90%. The current revenue is of $565.53M that is $13.35 per share.
This is a great sign for a bright future.