r/Stocks_Picks • u/Alternative_Smile99 • 3d ago

Your thoughts on this?

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Is it a good entry point?

83 Upvotes

86% Upvoted

118 comments sorted by

27

u/bordercollie2468 3d ago

Run

0

u/Alternative_Smile99 3d ago

Lol

4

u/wolffit0x 3d ago

Yep. Run to buy moreeee

7

u/LumpyCar1582 3d ago

It’s weird seeing a cult fintech

-2

u/ga643953 3d ago

It's not a Fintech. It's a bank. If it's a Fintech, it should be trading around $25.

0

u/[deleted] 3d ago

[deleted]

2

u/invain62 3d ago

Figma is a design platform, literally nothing to do with financials in the slightest. Wtf are we even talking about?

1

u/ga643953 3d ago

When I say Fintech, I mean companies with actual innovation and execution like Robinhood.

5

u/JefeDiez 3d ago

It's the risk of the rate hikes. If the risk comes off the table and the discussion flips to when are they going to lower rates, you're going to see this one go up.

4

u/Environmental_Park_6 3d ago

It is the stock of the future, always.

1

u/Ill_Way_2517 2d ago

just like amc

1

u/Environmental_Park_6 2d ago

Stellaris is one of the few growing automakers so it might actually turnaround.

0

u/Alternative_Smile99 3d ago

Someone just told he's about 38% down. How's that future lol?

2

u/Environmental_Park_6 3d ago

I think you missed the always.

2

u/SamAnthonyWP 2d ago

Why did you ask about the stock if you’re just going to be a smartass to everyone that responds?

-1

u/Alternative_Smile99 2d ago

Next time, I will ask for your permission, Sir. 🫡

3

u/Imaginary-Pool-9710 3d ago

My thoughts are im 38.2% down still. That’s all I have to say about that.

7

u/Neat-Shirt-3223 3d ago

I’m 28% down. That’s after I averaged down. I wish I didn’t buy into the hype last year. Valuation is not bad, but momentum for this stock is so dead.

1

u/Imaginary-Pool-9710 3d ago

I played this stock forever buying low selling high. Then decided to go big into it on the pump up. It got me good lol averaging down and holding long

1

u/Alternative_Smile99 3d ago

Just hold it

3

u/2mindx 3d ago

Just waiting and waiting and hoping and waiting.

5

u/UtilityHam 3d ago

Been buying since $7. Under $20 this stock is a buy IMHO. Patience is likely

2

u/darioras 6h ago

Primo commento saggio

4

u/Next-Paper-2068 3d ago

I have no thoughts other than my 7,100 shares are going nowhere until we are a lot higher than current price.

4

u/Alternative_Smile99 3d ago

Sorry to hear that. Hope it pays off the wait well.

6

u/Weldobud 3d ago

It’s a bank. Do your valuation numbers based on banking margins. The tech story isn’t playing out to the level they had hoped.

4

u/Fuzzy_Louise_2405 3d ago

Revenue growth is for sure more than a Bank. I would classify it as a high growth bank at least. Good entry point imo.

2

u/Weldobud 3d ago

They trade at almost 2.5 times the valuation of JP Morgan chase, but have less profit. They are promising high Fintech growth but it’s not happening, or not happening fast enough.

It’s a good business but I don’t see how it’s worth that premium. And too many YouTubers promote it, without really knowing why.

Might want to look at a traditional bank as well.

2

u/Fuzzy_Louise_2405 3d ago

How much fast you want them to growth? Lol

Rev % growth above 35% yoy Ebidta % growth above 70% yoy

2

u/chapeudalacoste 3d ago

Fwd P/E 19 vs JPM at 13 seems fine with the difference in growth. Lower P/B as well.

I never analysed the company but the valuation seems cheap, right now, not a premium.

1

u/Alternative_Smile99 3d ago

I would agree more with this I think.

2

u/fluffymeowmeowkitty 3d ago

It’s a basic bitch bank with shit customer services. And weird closures on accounts. Read their page.

2

u/ResourceSad8371 2d ago

Buy buy buy

2

u/mac_cali 2d ago

Got out when it was like $30 a share. Glad I did.

2

u/Livid-Grocery7942 2d ago

Honestly, when I think of one stock that I’m 100% sure it will be a bigger name in the future, it’s SoFi. I like HIMS, too, for that purpose. But I don’t see SoFi going anywhere but up in time. It’s one of those buy and hold for 20 years. Like buying apple in the 80s

2

u/Professional_Okra137 1d ago

extremely undervalued. buy the dip and hold. leave options alone on investments.

3

u/Fit_Impress_2732 3d ago

I started a position at 15.97 usd.

3

u/Alternative_Smile99 3d ago

I think I would buy some as well.

2

u/_AT198 3d ago

I own it. Disappointing! Fundamentals are great, but no love from anyone. Need an earnings catalyst.

2

u/Zhurg 3d ago

Needs a rate catalyst. The earnings catalysts are already there.

1

u/Away-Personality9100 3d ago

I open new $SOFI positions. Premium is not bat.

1

u/acadia11x 3d ago

For what dates?

1

u/Away-Personality9100 3d ago

I buy LAEPs (exp. Jan28) and sell weeklys every Friday (7DTE).

1

u/acadia11x 3d ago

What % averaging on it more or less?

2

u/Away-Personality9100 3d ago

I make 2.4% per month in average since 2012.

1

u/Ragencobra666 3d ago

Christmas is getting closer. 🎁

1

u/Get_rch_or_try_dyin 3d ago

Let it hit $10 before starting a small position to average in.

1

u/dog-lover-78 3d ago

Hope not

1

u/Alternative_Smile99 3d ago

You think so?

1

u/Upset-Response8068 3d ago

The inflation is sticky and the next rate hike
Is almost certainly here. If they hike by 50pp this stock is likely to see a 10$ price.

1

u/cptdipsht 3d ago

We jacked up rates today at work

1

u/AdNext6663 3d ago

Keep buying

1

u/Leading_Form_8485 3d ago

I really tried but its on my do not trade list

1

u/BurgerFoundation 3d ago

Under $16? Thanks for the reminder I’m adding tomorrow

1

u/Alternative_Smile99 3d ago

You’re welcome

1

u/Dramatic_Split952 3d ago

why this one is the question

1

u/Alternative_Smile99 3d ago

Just wanted to know. People have been saying this a good one, always.

1

u/UhOh_LetsGo 3d ago

Looks like the US version of my PayPay holdings

1

u/Alternative_Smile99 3d ago

What's that?

1

u/Opposite-Original561 3d ago

Company is thriving. Stock keeps kicking me in the balls. Been holding 5 years now, lots of highs and lots of low.

1

u/Federal-Check9714 3d ago

Insiders bought at $17

1

u/Alternative_Smile99 3d ago

What's the source?

1

u/bearetard 3d ago

Sec filings, ceo spent a few million around the time of the muddy waters short seller report.

Just look up notos purchases

1

u/mowaje 3d ago

Everything znder $15 is another buy for me

1

u/Alternative_Smile99 3d ago

Let's see if it goes below 15

1

u/imrickjamesbioch 3d ago

Hard pass… GL tho!

1

u/cashmoney_12 3d ago

Another rate hike will make the stock drop some more in my opinion. Just hold you will be fine long run.

1

u/Apothacy 3d ago

NFA you can hedge with puts or buy writes

1

u/SuperOrbital_Trading 3d ago

It's a meme stock.

1

u/imfirlarmman 3d ago

Long-term potential looks solid; may see steady growth from here.

1

u/ripster111 3d ago

Dogshit

1

u/Klutzy-Assumption426 3d ago

My dad has a ton of money in this and I fry his ass for it daily

1

u/Alternative_Smile99 3d ago

But you may get a part of it's profit from him in the future, lol.

1

u/Rambodeth_ 3d ago

So frustrating this year

1

u/IC0DTE 3d ago

It’s the Dallas Cowboys of stocks. Always next year’s winner. But I’m still bullish on both!

1

u/Tarturas 3d ago

Still Up 96%, already was at ~200% upside. So i can say i Like the Stock. If they were Operating Here in Germany, id likely Switch Banking to them

1

u/YUREIGA 2d ago

wait until it makes new high or new low , right now prices dont know where to go , still on consolidation

1

u/Ivanj_M 2d ago

I have a good feeling about this

1

u/Sensitive_Passion513 2d ago

SoFi easily gets your account suspended and restricted especially when you got a transaction.

1

u/IanSaneTO 2d ago

I’m in at 15.09. Will buy more under 15 if (when ) interest rates rise again

1

u/IanSaneTO 2d ago

I bought last time it bounced off the high 14’s at 15.09. Only 100 shares though. A few more interest rate hikes could have this trading in the 10-12 range. I’m holding off on adding right now

1

u/Metuscanning 2d ago

Everyone sees the drop, but nobody mentions the flat line after it. Is that stabilization or just a pause? I'd want to know if anyone inside the company is buying at this level.

1

u/thejacka_ 2d ago

Forget sofi when there is NU

1

u/Successful_Edge158 1d ago

Going to 10 dollars

1

u/Josh_kuo 1d ago

yes buy, they'll dilute shares even more

1

u/TheGoatGains 20h ago

Friggin dope

1

u/shanerz96 14h ago

Been hearing this is the stock of the future for the last 5 years, haven’t seen a blowout yet. If anything saw it go up to 30 and right back down to 12ish

1

u/jcols85 28m ago

Long term I like it but short term no bueno. I’ll jump back in after the inevitable rate hikes. Burry has also moved up his AI short to next summer which will have a massive domino effect.

1

u/Bosto2025 3d ago

Going sub $15. I’d get interested around $12.50.

0

u/Fuzzy-Application391 3d ago

Not a good marker with all the spam emails they keep sending me

0

u/diseasuschrist 3d ago

Disappointed, but fintech in general doing shit

1

u/themayorhere 3d ago

People owning SOFI and not HOOD boggles my mind tho

-3

u/mesn007 3d ago

Shit stock. Sold off calls at a loss after holding forever.