SoFi Technologies, Inc. (NASDAQ:SOFI) is currently trading at $7.44 with a $6.2 billion market capitalization.
SoFi Technologies, Inc. is American An online personal finance company based in San Francisco, offers financial services including student and auto loan refinancing, mortgages, personal loans, etc.
SoFi has delivered a consecutive negative return of -42.72% in the past 3 months.
SoFi Technologies’ net losses more than doubled in 2021 and the company doesn’t expect student loans to resume this year.
SoFi Technologies is growing faster and advancing new technologies but is currently unprofitable from last year and will likely remain so for a considerable while longer.
The company's members expects that the student loan moratorium will likely be pause beyond 31st August 2022 and may not end during 2022.
SoFi stock plunges after Biden Administration extends federal student loan payment moratorium from May 1 until August 31.
SoFi's reduces its customer acquisition costs to increase financial services productivity, which makes attractive for investors to or hold.
SoFi Technologies’ net losses more than doubled in 2021 and the company doesn’t expect student loans to resume this year.