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- 1 SoFi stock analysis of last month states that its stock price declined by almost 3%.
- 2 While the analyst rating for SoFi stock is at ‘buy.’
- 3 The analyst explains that SoFi aims to serve tech-savvy millennials that are attracting potential customers.
Last one month SoFi stock analysis shows that the stock may have witnessed 3% of price drop still analysts are suggesting a ‘buy’ approach. In February 2023, the price of SoFi stock hit its one month high at $8.23 and low at $6.34, according to data sourced from Tradingview. Meanwhile, its year-to-date analysis suggests almost 38% of increase in its stock price.
SoFi Technologies, Inc (NASDAQ:SOFI), providing financial services and an American online, personal finance company and bank. SoFi currently has a market cap of $5.976. The total revenue of SoFi in the last quarter was $555.50 million. It was 19.68% higher compared to the last quarter. Company noted the gross profit of $319.25 million while operating income was $59.88 million.
February 2023 SoFi Stock Analysis
At the beginning of February, SoFi stock showed a bullish trend. After that, the stock started dropping in its share price and started trading in between the price range of $7.66 to $6.50. In the last week, SoFi price also noted a decline of around 3%. And on its last day of trading, SoFi stock closed at the price of $6.45 with 0.16% of increase.
It was the price analysis of SoFi stock last month. While the above chart shows a dropping pattern of SoFi stock. The technical analysis of SoFi stock indicates ‘sell,’ while analyst rating hinting towards ‘buy.’ As SoFi stock is undervalued it attracts investors to continue their investments. The analysts offered their one year forecasts for SoFi stock having a max estimate of $10 and min estimate of $5.
According to Yahoo Finance, at the end of last month, the financial services company celebrated the one year anniversary of launching SoFi Checking and Savings. SoFi Checking and Savings came in the market with zero account fees and a highly competitive APY (Annual Percentage Yield) on checking and savings balances.
Last year in February, SoFi officially became a bank, and then subsequently launched SoFi Checking and Savings. Since then, there has been incredible growth across the bank and its spending and saving businesses.
Last year in Q4, 88% of deposits were from SoFi Money (including Checking and Savings and SoFi Money cash management accounts) direct deposits. According to the company this highlights members’ commitment to managing their money with SoFi.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
