Lackluster Market? Not for These 10 Soaring Stocks

5. Figure Technology Solutions, Inc. (NASDAQ:FIGR)

Figure Technology soared by 16.33 percent on Friday to close at $40.24 apiece as investors took heart from a strong earnings performance in the third quarter of the year.

In an updated report, Figure Technology Solutions, Inc. (NASDAQ:FIGR) said it grew its net income by 228 percent to $89.8 million from $27.4 million in the same period last year.

Revenues jumped by 54 percent to $156 million from $101 million year-on-year on the back of consumer loan market volume expansion, which soared by 70 percent year-on-year to $2.5 billion, and included Figure Connect volume of $1 1 billion.

Looking ahead, Figure Technology Solutions, Inc. (NASDAQ:FIGR) aims to maintain an annual EBITDA margin above 60 percent, of which the Figure Connect segment is expected to represent 60 percent of the total.

In other news, Figure Technology Solutions, Inc. (NASDAQ:FIGR) said it sought the approval of the Securities and Exchange Commission (SEC) for its proposed public offering of tokenized stocks called “Series A Blockchain Common Stock.”

The tokenized stocks will not be listed on any legacy exchange, but will trade on the company’s alternative trading system and be convertible into Class A common shares.