Investors are Missing Out on This Tech Mid-cap
The post Investors are Missing Out on This Tech Mid-cap appeared on BitcoinEthereumNews.com. Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets. Latest posts by Pratik Chadhokar (see all) San Francisco-based Fintech company SoFi Technologies, Inc.(NASDAQ: SOFI) is a financial service platform. The company facilitates home loans, personal loans, and credit cards. Along. It also provides student loan refinancing options to the private student loan market. The company has a market cap of $7.8B and operates through segments like Lending, Technology Platforms, and Financial Services. The Demand is growing In the recent few weeks, SOFI stock has been on Zacks.com’s list of most searched stocks, and looking at the recent quarter results, it is no surprise. The company is making a compound revenue growth of 14.8%. Meanwhile, in the present quarter, the sales figures clocked at $676 with a year-on-year growth of 73.8%. Along with the revenue, the company is also operating profit positively. It posted an operating profit with a margin of 19%. However, after paying a significant interest on debt, the firm becomes pre-tax negative. Therefore, the profitability ratios will be irrelevant to consider. Technical Analysis and Prediction of the SOFI Stock Price The SOFI stock price has been on a downward trend since July when the bulls achieved a year-to-date high of $11.7. The Relative Strength Index (RSI) reached its oversold level, allowing the bears to take control. As a result, the stock has been consistently breaking primary support levels ever since. The Present Performance and the Prediction. At the press time, the current trading…
The post Investors are Missing Out on This Tech Mid-cap appeared on BitcoinEthereumNews.com.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets. Latest posts by Pratik Chadhokar (see all) San Francisco-based Fintech company SoFi Technologies, Inc.(NASDAQ: SOFI) is a financial service platform. The company facilitates home loans, personal loans, and credit cards. Along. It also provides student loan refinancing options to the private student loan market. The company has a market cap of $7.8B and operates through segments like Lending, Technology Platforms, and Financial Services. The Demand is growing In the recent few weeks, SOFI stock has been on Zacks.com’s list of most searched stocks, and looking at the recent quarter results, it is no surprise. The company is making a compound revenue growth of 14.8%. Meanwhile, in the present quarter, the sales figures clocked at $676 with a year-on-year growth of 73.8%. Along with the revenue, the company is also operating profit positively. It posted an operating profit with a margin of 19%. However, after paying a significant interest on debt, the firm becomes pre-tax negative. Therefore, the profitability ratios will be irrelevant to consider. Technical Analysis and Prediction of the SOFI Stock Price The SOFI stock price has been on a downward trend since July when the bulls achieved a year-to-date high of $11.7. The Relative Strength Index (RSI) reached its oversold level, allowing the bears to take control. As a result, the stock has been consistently breaking primary support levels ever since. The Present Performance and the Prediction. At the press time, the current trading…
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