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SoFi has been in growth mode throughout its history, so a valid tool to value the business might be the price-to-sales (P/S) ratio. As of this writing, the stock trades for a P/S multiple of 6.1.
SoFi has a price-to-book ratio of 2.8, while Bank of America and Wells Fargo have much lower ratios of 1.3 and 1.5, respectively. Yet SoFi doesn't look too expensive relative to its growth potential.
SoFi Technologies (NASDAQ: SOFI), a provider of online financial services, went public by merging with a special purpose acquisition company on June 1, 2021.The combined company's stock opened at ...
SoFi Technologies, Inc. (abbreviated as SoFi) is an American personal finance and financial technology company. [3] Founded in 2011 at Stanford University, [4] [5] it operates as a direct bank and supports other financial institutions through its technology platform. [6] [7] [8] As of 2024, SoFi reports 10.1 million customers and 168 million ...
SoFi (NASDAQ: SOFI) has been one of the hottest stocks in fintech, but investors are still worried about the company's valuation compared to most banks. In this video, Travis Hoium explains why ...
Buyers can use seller's points to pay for prepaid costs, mortgage interest or temporary rate buydowns. [3] This means that if you have money in savings that you must retain, you could ask the seller to pay for a 1 to 2 percent interest rate reduction for a year or prepay your interest, homeowner’s association fees or homeowner’s insurance for a set period.
SoFi Technologies (NASDAQ: SOFI) stock ended 2024 on a high note, rising nearly 55% for the year. That was a huge success for a stock that more than doubled in value (up 116%) in 2023 but then ...
According to standard valuation metrics, such as the forward 12-month price-to-earnings or price-to-sales ratio, SoFi stock might easily appear expensive at 63 times earnings and 5.6 times forward ...