SoFi Technologies (NASDAQ: SOFI) has seen its stock value triple over the past year, drawing investor attention. The company is a fintech involved in finance and technology, aiming to become a one-stop shop for consumers to manage various financial matters through its app. With over 10.9 million members and a recent market capitalization of $30 billion, SoFi is growing well, boasting revenue up 44% and member growth up 34% in the second quarter. While the stock may seem promising, it’s important to consider its current valuation before investing, as it has a steep price-to-sales ratio of 10 and a forward-looking P/E ratio of 47.

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Read more at Nasdaq: Should You Buy SoFi Technologies (SOFI) Stock Right Now?