Society Pass (NASDAQ:SOPA) Stock Price Up 0.8% – Here’s What Happened

Society Pass Incorporated (NASDAQ:SOPA)’s share price shot up 0.8% on Friday . The stock traded as high as $0.97 and last traded at $0.96. 13,668 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 142,943 shares. The stock had previously closed at $0.95.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets decreased their target price on shares of Society Pass from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, September 3rd.

Society Pass Trading Up 0.8 %

The stock has a market capitalization of $3.02 million, a P/E ratio of -0.14 and a beta of 1.16. The business has a 50-day moving average price of $0.96 and a two-hundred day moving average price of $1.28.

Society Pass (NASDAQ:SOPA) last posted its quarterly earnings results on Monday, August 19th. The company reported ($0.73) EPS for the quarter, beating analysts’ consensus estimates of ($0.84) by $0.11. The business had revenue of $1.71 million during the quarter, compared to the consensus estimate of $2.33 million. Society Pass had a negative return on equity of 281.27% and a negative net margin of 190.69%. On average, sell-side analysts forecast that Society Pass Incorporated will post -2.84 earnings per share for the current fiscal year.

Society Pass Company Profile

Society Pass Incorporated acquires and operates fintech and e-commerce platforms and mobile applications for consumers and merchants in Singapore, Vietnam, Indonesia, Philippines, the United States, Malaysia, Hong Kong, and Thailand. It operates through Online Grocery and Food and Groceries Deliveries, Digital marketing, Online ticketing and reservation, Telecommunications Reseller, e-Commerce, and Merchant Point of Sale segments.