Reported 9 months ago
SoFi Technologies, a fintech company and digital bank, has faced a significant drop in its stock price, being 75% below its all-time high. Despite this, the company has shown strong user growth and positive app ratings, indicating a promising product. The stock's struggles can be attributed to its high valuation upon going public and the need to improve its book value per share. However, recent growth in book value suggests a positive shift, making SoFi a potentially more attractive investment compared to established banks like JPMorgan Chase. Investors may find future returns reflecting its business growth in the upcoming period.
Source: YAHOO