SoFi Technologies Inc. (NASDAQ:SOFI) traded at a new 52-week low today of $16.80. Approximately 5.9 million shares have changed hands today, as compared to an average 30-day volume of 12.4 million shares.
Based on a current price of $17.07, SoFi Technologies Inc. is currently 22.9% above its average consensus analyst price target of $13.16.
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.
Over the past year, SoFi Technologies Inc. has traded in a range of $16.80 to $24.95 and is now at $17.07.
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