Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate SoFi Technologies Inc before investing.

In this article, we go over a few key elements for understanding SoFi Technologies Inc’s stock price such as:

• SoFi Technologies Inc’s current stock price and volume
• Why SoFi Technologies Inc’s stock price changed recently
• Upgrades and downgrades for SOFI from analysts
• SOFI’s stock price momentum as measured by its relative strength

About SoFi Technologies Inc (SOFI)

Before we jump into SoFi Technologies Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

SoFi Technologies, Inc. is a provider of financial services. The Company, through its lending and financial services products, allows members to borrow, save, spend, invest, and protect their money. It operates through three segments: Lending, Technology Platform and Financial Services. The Lending Segment offers personal loans, student loans, home loans and related servicing. Its platform supports the full transaction lifecycle, including credit application, underwriting, approval, funding, and servicing. The Technology Platform segment provide technology platform services through a diversified suite of offerings which include an event and authorization platform accessed via application programming interfaces, a cloud-native digital and core banking platform and services related to both platforms. The Financial Services segment include SoFi Money, SoFi Invest, and other services, including SoFi Credit Card, Lantern Credit, SoFi Relay, SoFi Protect, and SoFi Travel.

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SoFi Technologies Inc’s Stock Price as of Market Close

As of June 14, 2024, 4:00 PM, CST, SoFi Technologies Inc’s stock price was $6.46.

SoFi Technologies Inc is down 5% from its previous closing price of $6.80.

During the last market session, SoFi Technologies Inc’s stock traded between $6.77 and $7.13. Currently, there are 982.62 million shares of SoFi Technologies Inc stock available for purchase.

Unfortunately, SoFi Technologies Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

SoFi Technologies Inc Stock Price History

SoFi Technologies Inc’s (SOFI) price is currently down 6.38% so far this month.

During the month of June, SoFi Technologies Inc’s stock price has reached a high of $7.43 and a low of $6.43.

Over the last year, SoFi Technologies Inc has hit prices as high as $11.70 and as low as $6.41. Year to date, SoFi Technologies Inc’s stock is up 40.13%.

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What Caused SoFi Technologies Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 13, 2024, there were 0 analysts who downgraded SoFi Technologies Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate SoFi Technologies Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on SoFi Technologies Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

SoFi Technologies Inc’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about SoFi Technologies Inc (SOFI) by visiting AAII Stock Evaluator.

Relative Price Strength of SoFi Technologies Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 13, 2024, SoFi Technologies Inc has a weighted four-quarter relative price strength of -12.10%, which translates to a Momentum Score of 29 and is considered to be Weak.

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SoFi Technologies Inc Stock Price: Bottom Line

As of June 14, 2024, SoFi Technologies Inc’s stock price is $6.46, which is down 5% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like SoFi Technologies Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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