Is SGOCO Group a Good Fintech Stock to Add to Your Portfolio?

23 Jul 2021

Is SGOCO Group a Good Fintech Stock to Add to Your Portfolio?

. Is SGOCO Group a Good Fintech Stock to Add to Your Portfolio?Hong Kong-based fintech stock SGOCO Group (SGOC) has garnered triple-digit price gains year-to-date with keen attention from retail traders thanks to social media hype. However, will this relatively new meme stock be able to maintain its momentum amid a potential market correction and ongoing Chinese crackdown on U.S. listings? Read more to find out.Hong Kong-based fintech company SGOCO Group, Ltd. (SGOC) offers corporate, personal, and mortgage loans in Hong Kong and Australia. As one of the latest meme stocks to attract retail traders, SGOC has gained 951.1% over the past year and 580.7% year-to-date.Furthermore, SGOC has been one of the best performers in the financial services space over the past month, with 344.6% returns over this period. The stock is frequently discussed on social media platforms Twitter and Reddit.So, here’s what we think could shape SGOC’s performance in the near term:Continue reading on StockNews

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