One of the most dreaded feelings for an investor is when the stock they just bought is overvalued, or they missed out on an undervalued opportunity by not acting fast enough.

But what if you had the insights to effectively evaluate a company like SoFi Technologies Inc before investing? Investing requires a certain perspective to avoid being overly confident in a company or worried about cyclical changes. A smart way to take the guesswork out of knowing when to buy or sell SoFi Technologies Inc’s stock is to have the right tools and resources as well as a clear monitoring process.

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

• Current stock price and volume
• Stock price history
• Upgrades and downgrades from analysts
• 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 rise, 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 and home loans and related servicing. Its platform supports the full transaction lifecycle, including credit application, underwriting, approval, funding and servicing. The Technology Platform segment is a provider of technology platform services to financial and non-financial institutions. Through Galileo, it offers services through a suite of program, event and authorization application programming interfaces for financial and non-financial institutions. The Financial segment offers a suite of financial services solutions, such as SoFi Checking and Savings, SoFi Invest, SoFi Invest, and others, such as SoFi Protect, SoFi At Work, and SoFi Relay.

Want to learn more about SoFi Technologies Inc’s stock? Click the button below to subscribe to A+ Investor and get access to everything you need to know about SoFi Technologies Inc. The AAII Stock Evaluator puts a company’s grades, charts, news, financials, valuation, ratios, filings and more at your fingertips.

SoFi Technologies Inc’s Stock Price as of Market Close

As of September 11, 2023, 4:00 PM CST, SoFi Technologies Inc’s stock price was $8.90.

SoFi Technologies Inc is up 4.09% from its previous closing price of $8.55.

During the last market session, SoFi Technologies Inc’s stock traded between $8.45 and $8.67. Currently, there are 936.57 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 up 2.77% so far this month.

During the month of September, SoFi Technologies Inc’s stock price has reached a high of $8.93 and a low of $8.22.

Over the last year, SoFi Technologies Inc has hit prices as high as $11.70 and as low as $4.24. Year to date, SoFi Technologies Inc’s stock is down 43.71%.

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

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?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. 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 September 08, 2023, there were 11 analysts who downgraded SoFi Technologies Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate SoFi Technologies Inc’s financial health and valuation. It is possible for a stock to appear cheap based on one valuation metric but appear expensive on another. It is also possible for one valuation ratio to be associated with outperforming stocks during certain periods of time but not others.

Therefore, AAII developed a composite valuation to help resolve such issues. AAII’s Value Grade analyzes six distinct variables: price-to-sales (P/S) ratio, price-earnings (P/E) ratio, the ratio of enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA), shareholder yield, price-to-book-value (P/B) ratio and price-to-free-cash-flow (P/FCF) ratio.

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

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

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 addresses the relationship between a stock price’s trend and the price trend of the market. This ratio is expressed as a percentage and helps investors understand a company’s momentum as well as its value. You can use relative price strength to select investments that have been outperforming the market or a specific benchmark.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. The weighted four-quarter relative price strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40%, and each of the three previous quarters are given a weighting of 20%.

As of September 08, 2023, SoFi Technologies Inc has a weighted four-quarter relative price strength of 7.18%, which translates to a Momentum Score of 86 and is considered to be Very Strong.

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SoFi Technologies Inc Stock Price: Bottom Line

As of September 11, 2023, SoFi Technologies Inc’s stock price is $8.90, which is up 4.09% from its previous closing price.

At AAII, we stress that investors should never buy or sell a stock solely based on its stock price. Past returns do not guarantee future performance. Therefore, you should consider multiple ratios, fundamentals and analytics before making a decision. Whether you decide it’s a good time to buy or sell SoFi Technologies Inc’s stock based on its stock price forecast is ultimately up to you.

It’s important to understand that stock prices are driven by a variety of factors, but ultimately the price at any given moment is due to the supply and demand in the market. Stock price overviews, like the one you just read, only give you a small snapshot of a company’s performance, value and momentum.

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