Watch for Continued Losses in Shares of SoFi Technologies Inc. (SOFI)

July 19, 2021 11:18:41

Shares of SoFi Technologies Inc. (NASDAQ:SOFI) traded today at $14.88, breaking its 52-week low. So far today approximately 5.9 million shares have been exchanged, as compared to an average 30-day volume of 15.9 million shares.

Over the past year, SoFi Technologies Inc. has traded in a range of $14.88 to $24.95 and is now at $15.44.

SoFi is a financial services company that was founded in 2011 and is currently based in San Francisco. Initially known for its student loan refinancing business, the company has expanded its product offerings to include personal loans, credit cards, mortgages, investment accounts, banking services, and financial planning. The company intends to be a one-stop shop for its client’s finances and operates solely through its mobile app and website. Through its acquisition of Galileo in 2020 the company also offers payment and account services for debit cards and digital banking.

SoFi Technologies Inc. (NASDAQ:SOFI) is currently priced 14.8% above its average consensus analyst price target of $13.16.

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