SoFi: The Customary Earnings Dip Is A Buying Opportunity [Seeking Alpha]
SoFi Technologies, Inc. (SOFI)
Company Research
Source: Seeking Alpha
Summary Earlier this morning, SoFi Technologies, Inc. reported strong Q3 2024 results, beating top and bottom-line estimates, and raised FY2024 guidance. Yet, the stock dropped over 10%. However, given SoFi's robust business fundamentals and attractive valuation, the classic post-ER price dip in SOFI stock is a buying opportunity for long-term investors. In this report, I share my analysis of SoFi's Q3 2024 report, and our updated valuation on this emerging fintech giant. Looking for a portfolio of ideas like this one? Members of The Quantamental Investor get exclusive access to our subscriber-only portfolios. Learn More » halbergman/iStock Unreleased via Getty Images Introduction Despite beating consensus estimates on both top and bottom lines for Q3 2024 and raising guidance SoFi Technologies, Inc. NASDAQ: SOFI ) stock is taking its customary post-ER plunge - nosediving 10% + in early trading: Given We Are In An Asset Bubble, And TQI Can Help You Navigate It Profi
Show less
Read more
Impact Snapshot
Event Time:
SOFI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SOFI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SOFI alerts
High impacting SoFi Technologies, Inc. news events
Weekly update
A roundup of the hottest topics
SOFI
News
- Reddit slides, Gap Surges on earnings, outlook: Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- Reddit slides, Gap Surges on earnings, outlook: Yahoo Finance [Yahoo! Finance Canada]Yahoo! Finance Canada
- Nu Holdings Stock Soars 60% Year to Date: Buy, Hold, or Sell? [Yahoo! Finance]Yahoo! Finance
- Klarna's Planned IPO Sets the Stage for More Fintech Listings [Yahoo! Finance]Yahoo! Finance
- Fintech New Silver Inks Deal With Fortress for Real Estate Loans [Yahoo! Finance Canada]Yahoo! Finance Canada
SOFI
Earnings
- 10/29/24 - Beat
SOFI
Sec Filings
- 11/22/24 - Form 4
- 11/19/24 - Form 4
- 11/15/24 - Form 144
- SOFI's page on the SEC website