The price of SoFi Technologies Inc (NASDAQ:SOFI) shares last traded on Wall Street unchanged to $6.46.
SOFI stock price is now -9.48% away from the 50-day moving average and -16.97% away from the 200-day moving average. The market capitalization of the company currently stands at $6.83B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
, while ‘Keefe Bruyette’ rates the stock as ‘Mkt Perform’
In other news, Noto Anthony, Chief Executive Officer bought 30,715 shares of the company’s stock on Jun 14 ’24. The stock was bought for $199,110 at an average price of $6.48. Upon completion of the transaction, the Chief Executive Officer now directly owns 8,121,844 shares in the company, valued at $52.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 13 ’24, Director by deputization Qatar Investment Authority sold 19,840,073 shares of the business’s stock. A total of $134,515,695 was realized by selling the stock at an average price of $6.78. A total of 4.85% of the company’s stock is owned by insiders.
During the past 12 months, SoFi Technologies Inc has had a low of $6.41 and a high of $11.70. The fifty day moving average price for SOFI is $7.1365 and a two-hundred day moving average price translates $7.7805 for the stock.
The latest earnings results from SoFi Technologies Inc (NASDAQ: SOFI) was released for 2024-03-31. The net profit margin was -6.81% and return on equity was -3.05% for SOFI. The company reported revenue of $665.91 million for the quarter, compared to $371.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 79.22 percent.
