SOFI Stock Dips -12% After Hours After EPS Misses by $0.42

The SOFI stock price fluctuated between $16.74 and $17.52 throughout the trading session with the volume trading being 29M 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) ran up 3.31% to close Thursday’s market session at $17.46, higher as compared to yesterday’s close which brings the market valuation of the company to $13.96B.

The 52-week high for the SoFi Technologies, Inc.’s shares is $28.26. That puts it -38.22% from that peak but still a 38.52% 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 31.69%.

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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 16.36M and last three months – 13.12M.

The increasing interest in the SOFI stock from the investors is helping to drive the stock price up.

Shrinking short interest

The SoFi Technologies, Inc.’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 13.73M shares being shorted which translates into 0.82 of a short ratio for SOFI, while in the previous month the shorted shares were 25.21M.

SoFi Technologies, Inc.’s (NasdaqGS:SOFI) financials

With a market cap of 13.96B, 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.