Is Society Pass Inc (NASDAQ: SOPA) Worth Your Money In 2024?

In the last trading session, 8.57 million shares of the Society Pass Inc (NASDAQ:SOPA) were traded, and its beta was 1.22. Most recently the company’s share price was $1.15, and it changed around $0.11 or 10.58% from the last close, which brings the market valuation of the company to $3.62M. SOPA currently trades at a discount to its 52-week high of $7.48, offering almost -550.43% off that amount. The share price’s 52-week low was $0.89, which indicates that the current value has risen by an impressive 22.61% since then. We note from Society Pass Inc’s average daily trading volume that its 10-day average is 0.98 million shares, with the 3-month average coming to 167.83K.

Society Pass Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.67. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended SOPA as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight.

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Society Pass Inc (NASDAQ:SOPA) trade information

Instantly SOPA has showed a green trend with a performance of 10.58% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.3000 on recent trading dayincreased the stock’s daily price by 11.54%. The company’s shares are currently down -74.46% year-to-date, but still up 15.00% over the last five days. On the other hand, Society Pass Inc (NASDAQ:SOPA) is -22.30% down in the 30-day period. We can see from the shorts that 0.13 million shares have been sold at a short interest cover period of 0.4 day(s).

Society Pass Inc (SOPA) estimates and forecasts

Society Pass Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -59.86 percent over the past six months and at a 64.66% annual growth rate that is well above the industry average of 16.60%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -57.72%.

SOPA Dividends

Society Pass Inc’s next quarterly earnings report is expected to be released in September.

Society Pass Inc (NASDAQ:SOPA)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 29.07% of Society Pass Inc shares, and 2.68% of them are in the hands of institutional investors. The stock currently has a share float of 3.78%.