*Stock prices used were from the trading day of July 12, 2024. The video was published on July 14, 2024. In this video, I will talk about SoFi Technologies (SOFI 4.03%)and a part of the business that few people have discussed. SoFi stock has found no love from Wall Street, but that might change soon. ...

The markets have gotten off to a roaring start so far in 2024. The S&P 500 is up 18%, while the Nasdaq Composite has gained 23%. Unfortunately, one company that meets the criteria above is SoFi Technologies (SOFI 2.95%). Despite a financially sound business, the stock has cratered 30% so far this year. Let's dig into SoFi's business and explore why now could be a lucrative opportunity for long-term investors to scoop up some shares. SoFi's platform offers customers several lending products such as mortgages ...

This news is casting further doubt over the company — whose shares are down 35% in 2024. But as grim as things may appear, this isn't necessarily a reason to bet against SOFI stock. Let's see what analysts have to say. With multiple analysts issuing bearish takes, it makes sense that SOFI stock would be struggling today. As of this writing, shares are down slightly. Perhaps more noteworthy is the fact that shares are down 10% over the last month. On a similar note, yesterday, Timothy Switzer of KBW maintain ...

It's been a rough ride for shareholders of SoFi Technologies (SOFI -0.77%). After a drop of 35% this year (as of July 3), the stock currently trades 75% below its peak. But interested investors can now scoop up shares at a price-to-sales ratio of 2.9, well below their historical average. Changing the loan book In the past 12 quarters, it originated $31 billion worth of personal loans, while in its former bread-and-butter business of student loans, it originated just $9 billion. However, this creates a poten ...

SoFi Technologies Inc. (SOFI, Financial) has become an aggressive competitor within the spectrum of financial service providers, as evidenced by its strong record of refinancing student loans. However, the Covid-19 pandemic in 2020 made it turn its business strategy at a critical junction with the moratorium on student loans. That strategic change moved the company's focus more toward personal lending and, since then, its loan originations have surged from $2.60 billion to $13.80 billion. The damage was don ...

The SoFi earnings call is still a month away. As such, the volatility that the stock has been experiencing may not subside anytime too soon. SOFI stock is down 1% today after quite a bit of bouncing up and down. While it looks poised to close out the day in the red, it is still in the green for the past week, even after today's turbulence. However, if the upcoming earnings report shows growth on any key metrics, shares could start the rebound for which they are due. As a stock, SOFI is somewhat unique. Whil ...

I have to tell you, I've been bullish about the company for a long time — I most recently said it was the ultimate long-term winner on May 9 — but I can definitely understand Cramer's thoughts about the fintech. Now is not the time to go out on a limb. Here's why. Since then, it generated proceeds of approximately $101 million from the sale of 4.68 million shares in November 2021, and $135 million from the June 13 sale that closed out its holdings in the fintech. "Right now, that last quarter was not great. ...

Fintech company and digital bank SoFi Technologies (SOFI 1.07%) can't catch a break. The stock has tumbled and is near a 52-week low and is a whopping 75% off its all-time high. Stocks can go up or down for whatever reason in the short term but tend to follow the direction of the underlying business over time. Starting with the obvious The most obvious success of SoFi's business is how much it seems to resonate with users. SoFi has demonstrated consistently robust member growth, from just over 1 million mem ...

Like many IPOs in the 2021 boom, SoFi stock skyrocketed on little more than investor enthusiasm, and it's down 74% from its highs. It continues to be volatile, doubling last year but down 36% year to date. SoFi is all digital, and users can manage most of their transactions with a few swipes and clicks. It was created to meet the needs of students and now also targets young professionals. It added 622,000 new members in the 2024 first quarter for a total of 8.1 million. This was a 35% increase over last yea ...

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as w ...