{"id":47824,"date":"2026-02-24T11:35:20","date_gmt":"2026-02-24T11:35:20","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2026\/02\/24\/sofi-stock-price-has-imploded-will-it-rebound\/"},"modified":"2026-02-24T11:35:20","modified_gmt":"2026-02-24T11:35:20","slug":"sofi-stock-price-has-imploded-will-it-rebound","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2026\/02\/24\/sofi-stock-price-has-imploded-will-it-rebound\/","title":{"rendered":"SoFi stock price has imploded: will it rebound?"},"content":{"rendered":"
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SoFi stock price continued its strong downward trend this year, moving to its lowest level since July last year. <\/p>\n

It has slumped by over 42% from its highest level in November last year, and technical analysis suggests that it has more downside to go.<\/p>\n

SoFi stock price technical analysis points to more downside <\/h2>\n

The daily timeframe chart shows that the SoFi share price has crashed in the past few months, moving from a high of $32 to the current $19.<\/p>\n

This retreat happened after the stock formed a head-and-shoulders pattern, a common bearish reversal sign in technical analysis. It moved below the neckline at $25 in January.<\/p>\n

The stock moved below the 50% Fibonacci Retracement level at $20.75. Also, it formed a death cross pattern on February 4 as the 50-day and 200-day Weighted Moving Averages (WMA) crossed each other.<\/p>\n

The Average Directional Index (ADX) has soared to 35, its highest level in August last year. It has remained below the Supertrend indicator, a sign that the downtrend is gaining momentum.<\/p>\n

Therefore, the SoFi share price will likely continue falling, potentially to the 61.8% Fibonacci Retracement level at $18. A drop below that level will point to more downside, potentially to the psychological level at $15.<\/p>\n

<\/figure>\n

SoFi stock chart | Source: <\/em>TradingView<\/em><\/a> <\/em><\/p>\n

SoFi short interest rises as analysts maintain bullish outlook <\/h2>\n

The main reason why the SoFi share price has collapsed this year is the growing concerns about dilution after it raised capital. This dilution has led to a surge in outstanding shares, which have moved to over 1.27 billion from 1.10 billion last year.<\/p>\n

However, the company has defended the two fundraisings<\/a> that raised $3.3 billion in gross proceeds. In a note, the company said that the capital will help to enhance its ability to drive innovation and pursue organic and inorganic growth opportunities.<\/p>\n

The management also noted that the cash helped it to repay its expensive debt, which was charged a 5.23% interest. As a result, it now expects to continue generating more profits in the future by reducing its interest expense.<\/p>\n

SoFi stock price has also crashed because of the ongoing crypto market plunge<\/a> that has affected Bitcoin and most altcoins. The crash means that its upcoming crypto business will not generate substantial revenue and profits.<\/p>\n

Additionally, many investors have taken the opposite direction as the short interest has continued growing in the past few months. The short interest has jumped to nearly 10%.<\/p>\n

This short-selling is also likely because of its expensive valuation, with the forward price-to-earnings ratio being 32, higher than the sector median of 10.<\/p>\n

Still, on the positive side, the company\u2019s business is doing well, with its adjusted revenue rising by 37% in the fourth quarter to over $1 billion. Its adjusted EBITDA rose to $318 million, while the fee-based revenue soared to $443 million.<\/p>\n

Wall Street analysts believe that the company has more upside going forward, with the first quarter revenue rising by 36% to over $1.05 billion. The annual revenue is expected to rise by 28% to over $4.63 billion, followed by $5.65 billion next year.<\/p>\n

SoFi\u2019s business is also highly diversified, making it a financial supermarket, where one can access all solutions, including borrowing, insurance, investing, and trading.<\/p>\n

The post SoFi stock price has imploded: will it rebound?<\/a> appeared first on Invezz<\/a><\/p>\n

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SoFi stock price continued its strong downward trend this year, moving to its lowest level since July last year. It has slumped by over 42% from its highest level in November last year, and technical analysis suggests that it has more downside to go. SoFi stock price technical analysis points to more downside  The daily <\/p>\n","protected":false},"author":1,"featured_media":47825,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-47824","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/47824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=47824"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/47824\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/47825"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=47824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=47824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=47824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}