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 ...

SOFI -0.09 (-1.38%) $11.70 It isn't common for Wall Street to take a second look at beaten-down stocks, as analysts would risk not only their reputations but also their jobs if they dared boost ratings on a stock with bearish momentum attached to it. Today, some investors with the need for a thrill may want to look into shares of SoFi Technologies Inc. NASDAQ: SOFI, which are trading down to only 55% of their 52-week high prices. Despite trading at such low valuations, the company's underlying fundamentals ...

SoFi (SOFI -1.38%) has consistently produced impressive growth, but unfortunately, it hasn't yet translated into gains for investors. With the stock at a 52-week low, Fool.com contributors Matt Frankel and Tyler Crowe examine the banking disruptor to decide whether it could be worth a closer look right now. *Stock prices used were the morning prices of June 24, 2024. The video was published on June 25, 2024. The banking disruptor is at a 52-week low. Here are the arguments for and against it. ...

The most recent trading session ended with SoFi Technologies, Inc. (SOFI) standing at $6.45, reflecting a -1.38% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 0.09%. At the same time, the Dow lost 0.1%, and the tech-heavy Nasdaq gained 0.16%. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.08 per share and revenue of $2.39 billion, indicating changes of +122.22% and +15.19%, respectively, compared to the previous ...

Core Viewpoint - SoFi is positioning itself as a significant disruptor in the banking industry, aiming to replace traditional banking relationships while facing challenges such as high default rates and slowing growth in key areas [4][11]. Group 1: Company Progress and Potential - SoFi's deposit base has grown significantly from zero in early 2022 to nearly matching its loan portfolio, enhancing cross-selling opportunities and reducing customer acquisition costs [3]. - The platform has surpassed 8 million members in Q1 2024, up from fewer than 2 million at the start of 2021, reflecting a year-over-year growth rate of 44% [5]. - The credit card business is seen as a potential growth driver, with management in "full investment mode" to expand its portfolio [6]. - The ratio of financial products to loans has increased from 4.1-to-1 in 2022 to 5.9-to-1 today, indicating a shift towards more diverse financial offerings [13]. Group 2: Challenges and Caution - SoFi's net charge-off (NCO) ratio on personal loans was 3.5% in Q1 2024, which is higher than expected, especially when compared to American Express's 2.1% [16]. - Default rates are trending higher, with the NCO rate increasing by about 50 basis points compared to Q1 2023, which could impact margins if it continues to rise [8]. - Growth rates are slowing, with the total number of products growing by only 38% in Q1, the slowest pace since going public, and sequential revenue decline compared to Q4 [9][17]. Group 3: Valuation and Future Outlook - Management has guided for earnings per share of $0.55 to $0.80 by 2026, with anticipated annual EPS growth of 20% to 25% thereafter, suggesting attractive valuation for long-term investors [18].

One big consumer pain point that causes hesitation to even apply for a credit card is the high interest rates that come with them. As of this writing, the average credit card interest rate is about 25% in the United States. Instead of offering an introductory 0% "teaser" rate, maybe a product with a low permanent interest rate for highly qualified customers could be a hit. We don't know for sure what SoFi's exact growth plans our. But management has made it clear that this is going to be a focus area. Despi ...