#sofistock #sofi #sofitechnologies
It is possible that with continued growth and continued profitability, SoFi will be a more valuable company than its shares are trading today. The problem is that this time of “taking off” for the company will not come for many years. Analysts predict that SoFi Technologies will not report real earnings until 2024. Until then, SOFI stock may struggle to move significantly above current price levels. Worse, if the current bear market lasts longer than expected and stocks break new lows before hitting the bottom, SOFI could continue to fall for 10 months and the next two.
In fact, the first digital currency company’s tangible book value of $3.34 per share may be low, limiting future downside. However, if SoFi Technology’s shares drop as much as the foreseeable pound and weaken at that price level, a bank or a large financial institution could step in and offer the company a bargain. down.
For example, $5 or $6 per share. A payout of $5 or $6 per share would represent a higher premium, if offered when the stock traded below $4 per share, but would be less than current levels.
Galileo Financial Technologies, a leading independent financial technology company owned by SoFi Technologies, Inc. (NASDAQ: SOFI), today announced that it has been approved by Visa as a developer for its Payment Card as a Service API (PCaaSA) technology for card issuance. By partnering with Visa, the global leader in digital payments, Galileo can strengthen its relationship with new payment players in the dynamic payment sector. The Galileo Provider Platform provides an easy way to create sophisticated payment card programs and digital banking solutions. Acquiring a Visa-ready certificate demonstrates Galileo’s recognition of the transformative power of fintech. Using Galileo’s flexible APIs, customers can create customized multi-product systems including card issuance, payments, checks, deposits, deposits, digital banking, loans and futures products.
The Visa Ready certification program gives technology companies like Galileo the opportunity to expand their payment solutions industry to meet Visa’s global standards for security and efficiency. With this certification, Galileo can accelerate its payment process to deliver an exceptional customer experience in the areas of digital banking, payment processing and card issuance.
For the third quarter, analysts expect SoFi to generate revenue of $392.76 million – up 56% year over year (YOY) – with a loss in earnings per share (EPS) of 10 cents. The highest valuation for the company sits at $414 million, while the lowest sits at $381 million. For EPS, the high estimate is a loss of 9 cents and the low estimate is a loss of 13 cents. During the same period last year, SoFi reported revenue of $251.57 million and an EPS loss of 5 cents.
SoFi got a big boost when President Joe Biden announced that federal student loan arbitration will end on December 1. 31, and payments start the next day. Bank of America analyst Mihir Bhatia, who has a $9 price target on SOFI shares, believes that resuming these fees should create “an important catalytic path” for SoFi. However, the impact of these payments will not be seen in the subsequent results. For guidance, analysts forecast quarterly revenue of $431.74 million and an EPS loss of 9 cents. That would bring annual revenue to about $1.5 billion (about 48% per year) with annual EPS and loss of 44 cents. In 2021, the company reported revenue of $1.01 billion and an EPS loss of $1. Approval of the plan for the year 2022 will show a significant improvement in the value of the company.
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Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice and it should not be taken as investment advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment and or educational purposes only.
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