SOFI Is a Buy at This Level


During the last session 38M of SoFi Technologies, Inc.’s (NasdaqGS:SOFI) shares were traded. The stock closed at $15.88 per share indicating that it lost -$0.13 or -0.81% during that day which brings the SoFi Technologies, Inc.’s valuation to $12.7B.

The 52-week high for the SoFi Technologies, Inc.’s shares is $28.26. That puts it -43.81% from that peak but still a great 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 21M, while in the last 10 days the average was 32.92M and last three months – 21.09M.

Growing short interest

The SoFi Technologies, Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 24.5M shares being shorted which translates into 1.26 of a short ratio for SOFI, while in the previous month the shorted shares were 15.89M.

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

With a market cap of 12.7B, SoFi Technologies, Inc. holds a total cash of $461.92M that translates into $0.58 per share, while the total debt is of $2.57B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 100.80%. The current revenue is of $799.05M that is $6.26 per share.

This is a great sign for a bright future.