“2 Stocks Down 73% and 83% to Buy Right Now” [Article Claims]
March 28, 2024
“…SoFi stock: Down 26% this year and 73% from its high…
SoFi’s revenue increased 35% year over year to $615 million in the fourth quarter, and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 159% to $181 million. SoFi came through on its promise to report its first net profit in the fourth quarter, which was $48 million, or $0.02 in earnings per share (EPS). Even better, management is projecting positive net income in the 2024 first quarter and the full year…
StoneCo: Down 6% this year and 83% from its high…
Total payment transaction volume from SMB customers increased 20% year over year in the fourth quarter. In conjunction with increased payments volume, the company’s overall revenue rose 20% year over year to reach 3.25 billion Brazilian reals — or roughly $650 million. Meanwhile, the company’s non-GAAP (adjusted) net income rose 177% year over year to reach roughly 564 million reals — or roughly $113 million based on the recent exchange rate…”
https://finance.yahoo.com/news/2-stocks-down-73-83-111000227.html
Both of these stocks are tech stocks it seems. The second one looks interesting to be honest.