SoFi (SOFI) Stock Price

Financial Performance

SoFi's revenue has shown a positive trend, growing by 4% from the previous quarter and by 10.8% year over year to $763.8M. However, gross profit experienced a slight decline of -0.2% YoY and -5.8% QoQ, indicating some pressure on profitability margins. The operating income has seen impressive growth of 345.2% YoY and a modest increase of 4% QoQ, standing at $213M last quarter which is encouraging.

The EBITDA ratio was recorded at 0.52 in the last quarter while the PE ratio stands at a relatively high level of 32.77 suggesting that investors are willing to pay a significant premium for SoFi's earnings.

Stock Price

The stock price is currently trading at $14.09 and has demonstrated an upward trajectory with an increase of 3.8% in the last month and a substantial gain of 118.1% YoY which reflects investor confidence in the company's prospects.

The RSI value is currently at moderate levels (58), suggesting neither overbought nor oversold conditions while the stock's price remains above its long-term (200-day) moving average ($12.7), implying an ongoing bullish trend.

Alternative Data Signals

In terms of alternative data signals, there seems to be mixed sentiments towards SoFi's performance:

• Web traffic shows a decrease (-7%), indicating less online engagement or interest in their services recently.
• A massive surge in app downloads suggests increased user adoption and popularity (+6229%).
• A slight decrease in job openings (-9%) could indicate a slowdown in expansion or cost-saving measures.
• Employee sentiment towards business outlook is positive but has slightly decreased (-1.6%).
• Social media followers have generally increased, indicating growing brand awareness and popularity.

Conclusion

In conclusion, despite some mixed signals from alternative data sources, SoFi's strong revenue growth, impressive stock price performance and substantial social media presence contribute to a generally bullish outlook for the company's stock.

Note: This AI Stock Analysis is based on data as of June 14. Our members can refresh and get access to an up-to-date AI stock analysis.

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Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of SoFi (SOFI), currently trading at $18.21, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.