14-Jun-2024
Consumers Are Crowdsourcing Their Financial Services, While Banks Risk Losing Primary Status
Business Wire (Tue, 11-Jun 8:20 AM ET)
BTIG Sticks to Their Hold Rating for SoFi Technologies (SOFI)
TipRanks (Tue, 11-Jun 6:36 AM ET)
SoFi to Participate in Upcoming Investor Conference
Business Wire (Wed, 5-Jun 5:00 PM ET)
SoFi Appoints Stephen Simcock as General Counsel
Business Wire (Mon, 3-Jun 12:04 PM ET)
Business Wire (Tue, 21-May 9:00 AM ET)
SoFi and Templum Partner for Expanded Access to Alternative Assets
Business Wire (Tue, 14-May 9:00 AM ET)
Business Wire (Mon, 29-Apr 7:00 AM ET)
Rapid Finance Taps SoFi, Galileo to Enable Rapid Access Mastercard for Small Business Financing
Business Wire (Tue, 16-Apr 8:00 AM ET)
Business Wire (Tue, 9-Apr 10:00 AM ET)
SoFi Schedules 2024 Annual Meeting of Stockholders
Business Wire (Mon, 8-Apr 5:00 PM ET)
SoFi is a financial-services company that was founded in 2011 and is 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 clients' 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.
Sofi Techs trades on the NASDAQ stock market under the symbol SOFI.
As of June 14, 2024, SOFI stock price declined to $6.46 with 71,687,383 million shares trading.
SOFI has a beta of 2.50, meaning it tends to be more sensitive to market movements. SOFI has a correlation of 0.29 to the broad based SPY ETF.
SOFI has a market cap of $6.82 billion. This is considered a Mid Cap stock.
Last quarter Sofi Techs reported $581 million in Revenue and $.02 earnings per share. This beat revenue expectation by $25 million and exceeded earnings estimates by $.01.
In the last 3 years, SOFI stock traded as high as $24.65 and as low as $4.24.
The top ETF exchange traded funds that SOFI belongs to (by Net Assets): VTI, VB, VXF, VBK, ARKK.
SOFI has underperformed the market in the last year with a price return of -33.7% while the SPY ETF gained +25.7%. SOFI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -8.4% and -6.4%, respectively, while the SPY returned +6.0% and +2.9%, respectively.
SOFI support price is $6.64 and resistance is $6.96 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SOFI stock will trade within this expected range on the day.