SoFi Technologies ( (SOFI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
SoFi Technologies’ stock took a notable hit, dropping by 22% after the company released its strong Q4 2024 earnings report. The unexpected decline is mainly due to investor worries about the company’s profit guidance for 2025, which fell short of Wall Street’s expectations. Despite this setback, some investors see the dip as a chance to buy, especially given the stock’s impressive 64% rise over the past year. The stock’s ownership is largely in the hands of public companies and individual investors, with ETFs and mutual funds also holding significant portions. Wall Street analysts are currently neutral on SoFi, with a Hold consensus reflecting mixed views on its future.
More about SoFi Technologies
YTD Price Performance: -10.90%
Average Trading Volume: 45,481,427
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $13.81B
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