Society Pass (NASDAQ:SOPA) Shares Up 0.8% – Here’s Why

Society Pass Incorporated (NASDAQ:SOPA)’s share price traded up 0.8% during trading on Friday . The company traded as high as $0.97 and last traded at $0.96. 13,668 shares were traded 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 Analysts Forecast Growth

Separately, Ascendiant Capital Markets decreased their price objective on Society Pass from $21.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd.

Society Pass Stock Up 0.8 %

The stock’s fifty day moving average price is $0.96 and its 200-day moving average price is $1.27.

Society Pass (NASDAQ:SOPA) last issued its quarterly earnings results on Monday, August 19th. The company reported ($0.73) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.84) by $0.11. Society Pass had a negative net margin of 190.69% and a negative return on equity of 281.27%. The firm had revenue of $1.71 million for the quarter, compared to analyst estimates of $2.33 million. Sell-side analysts predict that Society Pass Incorporated will post -2.84 EPS 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.