SoFi Technologies, Inc. (SOFI) Is Up 2.08% in One Week: What You Should Know

Company Overview - SoFi Technologies, Inc. (SOFI) currently holds a Momentum Style Score of B, indicating a positive outlook based on its price change and earnings estimate revisions [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Price Performance - Over the past week, SOFI shares have increased by 2.08%, while the Zacks Financial - Miscellaneous Services industry remained flat [5] - In a longer timeframe, SOFI's monthly price change is 17.1%, significantly outperforming the industry's 2.49% [5] - Over the last quarter, SOFI shares have risen by 81.14%, and over the past year, they have increased by 219.65%, compared to the S&P 500's gains of 9.8% and 15.8%, respectively [6] Trading Volume - SOFI's average 20-day trading volume is 61,667,380 shares, which is a useful indicator for assessing market interest and momentum [7] Earnings Outlook - In the past two months, 6 earnings estimates for SOFI have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $0.27 to $0.31 [9] - For the next fiscal year, 5 estimates have also moved upwards with no downward revisions [9] Conclusion - Given the positive momentum indicators and earnings outlook, SOFI is positioned as a strong candidate for investors seeking short-term gains [11]