Score 8 (out of 10): SOFI TECHNOLOGIES INC poised to rally +19.5% rally in 3 months

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What’s Going On Here?

SOFI TECHNOLOGIES, the disruptive fintech company, has seen two of its pre-IPO investors sell some of their shares in the open market. SoftBank sold 22.5m shares while Social Capital sold 15% of its stake (still holding onto 85%). Year to date, SOFI shares have rallied +50% outpacing other rivals. Analysts still see more upside for the shares in 2022.

Why Now?

SOFI TECHNOLOGIES INC has reached a new shorter-term low. Previously, during similar occasions, SOFI TECHNOLOGIES INC shares had a median return of +19.5%, over the following 3 months based on 3 historical occasions with 3 of those showing positive returns (100% hit ratio). This buy signal for SOFI TECHNOLOGIES INC received a high score of 8 (out of 10). This insight was generated on 2021-November-22 with last price of 18.75.

What’s This Company About?

SOFI TECHNOLOGIES INC is in the Finance-Consumer Loans business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth 33.3% more (average). Ticker symbol: SOFI US.

What’s My Risk / Reward and Time Horizon?

We found 3 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 22.41 (+19.5%) has been reached. Based on SOFI TECHNOLOGIES INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 15.35 (last price at 18.75), which is equivalent to a -18.1% decline.

Historical Chart:

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Summary:

NameSOFI TECHNOLOGIES INC
ViewUp
Star (1 to 10)8
Target+19.5%
Time3 months
Hit Rate100%

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