Is SoFi a penny stock?
The housing market is struggling due to rising interest rates, which affected the company's loan book. After losing 71.3% over the past year, SOFI is now a penny stock. It is currently trading 72.7% below its 52-week high of $16.47, which it hit on January 20, 2022.
SoFi Technologies, Inc became a publicly traded organization on June 1, 2021. Shares of Class A common stock are publicly available for trading on the Nasdaq Global Market (Nasdaq).
SOFI Stock Looks Like a Decent Bet
Although it has some short-term hurdles, SoFi's positives still outweigh its negatives. With low valuation and a 2.8-times price to sales ratio, the stock seems undervalued.
Currently, SoFi has a “Hold” consensus rating on Wall Street. Out of the 18 analysts covering SOFI stock, four rate it as a “Strong Buy,” one recommends a “Moderate Buy,” 10 suggest a “Hold,” and three recommend a “Strong Sell.”
The current stock price of SOFI is $8.38. The stock prices will reach the range of $45 to $52 by 2030 as predicted by analysts.
The housing market is struggling due to rising interest rates, which affected the company's loan book. After losing 71.3% over the past year, SOFI is now a penny stock. It is currently trading 72.7% below its 52-week high of $16.47, which it hit on January 20, 2022.
Average Price Target
Based on 18 Wall Street analysts offering 12 month price targets for SoFi Technologies in the last 3 months. The average price target is $8.91 with a high forecast of $14.00 and a low forecast of $4.00. The average price target represents a 22.39% change from the last price of $7.28.
SoFi's historical growth is certainly impressive, and it's probably a key reason the stock might be on your radar. In 2023, the business reported 35% and 44% year-over-year revenue and customer growth, respectively. These figures are significantly higher than they were just a few years ago.
SoFi Bank only offers one checking account, which we give 4.7 stars. It comes with no fees, a competitive APY, access to a massive ATM network and debit card and direct deposit perks. The main drawback is that it doesn't reimburse ATM fees for using out-of-network ATMs.
According to the latest TipRanks data, approximately 57.33% of SoFi Technologies (SOFI) stock is held by retail investors. Who owns the most shares of SoFi Technologies (SOFI)? Vanguard owns the most shares of SoFi Technologies (SOFI).
Is SoFi a safe place to invest?
Among the few negatives, publicly available financial information about SoFi Invest is quite limited compared to other brokers. However, being a US-regulated broker and offering a high amount of investor protection are still all great signs for SoFi Invest's safety.
SoFi Invest is best for traders wanting to invest in commission-free stocks, ETFs, and options. It offers a good selection of accounts, including a self-managed brokerage account, a robo-advisor, and retirement savings accounts (both active and automatic options available).
| Target | Low | Average |
|---|---|---|
| Price | $3.00 | $9.32 |
| Change | -60.16% | +23.77% |
SoFi sustained seven quarters of beating earnings expectations since Q3 2022, but a recent revenue drop raised concerns. Despite this, the financial services segment is projected to grow by 75% YoY in 2024, aiming for half of SoFi's total revenues.
(That included a one-time benefit of $59 million from exchanging convertible debt, but it was still profitable without it.) Management is projecting full-year net income of about $170 million, which would make 2024 the first time it was profitable on a full-year basis since it went public.
No, the proposal to grant the Board discretion to effect a reverse stock split – if it feels it is in the best interests of SoFi and its stockholders – is not being proposed in order to meet the requirements of any national securities exchange.
Compared to the current market price of 7.53 USD, SoFi Technologies Inc is Undervalued by 25%.
| Company (Ticker) | Sector | Market Cap |
|---|---|---|
| VAALCO Energy (EGY) | Energy | $683.84M |
| Ardelyx (ARDX) | Health care | $1.30B |
| Savara (SVRA) | Health care | $833.69M |
| Iovance Biotherapeutics (IOVA) | Health care | $2.36B |
Robinhood: Commissions & fees. When it comes to fees, these two brokerage platforms are pretty close. Both have commission-free stock and ETF trading, just like most of the brokerage industry. Only SoFi Invest offers mutual funds and alternative funds trading.
Stock Prediction 2030. In 2030, the SoFi Technologies, Inc. stock will reach $ 17.07 if it maintains its current 10-year average growth rate. If this SoFi Technologies, Inc. stock prediction for 2030 materializes, SOFI stock will grow 120.31% from its current price.
What is the true value of SoFi?
As of 2024-07-20, the Intrinsic Value of SoFi Technologies Inc (SOFI) is -0.84 USD. This SOFI valuation is based on the model Peter Lynch Fair Value. With the current market price of 7.47 USD, the upside of SoFi Technologies Inc is -111.3%.
When is SoFi Technologies dividend payment date? SoFi Technologies (SOFI) does not pay a dividend.
Though the SoFi Checking and Savings account offers numerous advantages, there are some disadvantages to consider, such as foreign transaction fees, limited overdraft protection and a lack of bank branches.
USA . SoFi Technologies' threat of distress is above 80% at the present time. It has very high chance of going through financial hardship in the upcoming years. Probability of distress shows the probability of financial torment over the next two years of operations under current economic and market conditions.
With a broad range of low-cost ETFs, SoFi provides strong features for cost-conscious investors, especially those just starting out. These beginners are also more likely to find value in SoFi's member bonuses, particularly its career coaching and interest discounts on student loans.
