SoFi Technologies SOFI
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
SoFi Technologies (SOFI) Business Model and Operations Summary
SoFi Technologies, Inc. provides digital financial services. It operates through three segments: Lending, Technology Platform, and Financial Services. The company's lending and financial services and products allows its members to borrow, save, spend, invest, and protect their money. It offers student loans; personal loans for debt consolidation and home improvement projects; and home loans. The company also provides cash management, investment, and technology services. In addition, it operates Galileo, a technology platform that offers services to financial and non-financial institutions; and Apex, a technology enabled platform that provides investment custody and clearing brokerage services, as well as Technisys, a cloud-based digital multi-product core banking platform. The company was founded in 2011 and is headquartered in San Francisco, California.
Key Insights
SoFi Technologies (SOFI) Stock Information & Key Business Metrics
Market Cap
$33.43 BillionAverage Daily Volume
50,929,254 Shares52-Week Range
$8.60-$32.73Price-Earnings Ratio
54.15Free Cash Flow
-$3.17 BillionTotal Outstanding Shares
1.21 Billion SharesFree Float
1.18 Billion Shares (98.3% Outstanding)CEO
Anthony J. NotoTotal Employees
5,000Current Dividend
No dividendIPO Date
June 1, 2021Headquarters
234 1st Street, San Francisco, CA, 94105