Society Pass (NASDAQ:SOPA) Trading Up 0.8% – Should You Buy?

Society Pass Incorporated (NASDAQ:SOPA) shares traded up 0.8% on Friday . The company traded as high as $0.97 and last traded at $0.96. 13,668 shares were traded during 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 dropped their price target 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 Stock Up 0.8 %

The stock has a market cap of $3.02 million, a P/E ratio of -0.14 and a beta of 1.16. The firm has a 50 day simple moving average of $0.96 and a 200-day simple moving average of $1.28.

Society Pass (NASDAQ:SOPA) last posted its quarterly earnings results on Monday, August 19th. The company reported ($0.73) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.84) by $0.11. The business had revenue of $1.71 million for the quarter, compared to analysts’ expectations 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, equities analysts anticipate that Society Pass Incorporated will post -2.84 earnings per share for the current 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.