Is Society Pass Inc (NASDAQ: SOPA) Still A Loss Stock Despite Being Down -76.24% YTD?

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During the last session, Society Pass Inc (NASDAQ:SOPA)’s traded shares were 0.45 million, with the beta value of the company hitting 1.20. At the end of the trading day, the stock’s price was $1.07, reflecting an intraday gain of 3.88% or $0.04. The 52-week high for the SOPA share is $7.12, that puts it down -565.42 from that peak though still a striking 31.78% gain since the share price plummeted to a 52-week low of $0.73. The company’s market capitalization is $3.37M, and the average intraday trading volume over the past 10 days was 87620.0 shares, and the average trade volume was 321.80K shares over the past three months.

Society Pass Inc (NASDAQ:SOPA) trade information

Society Pass Inc (SOPA) registered a 3.88% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.88% in intraday trading to $1.07, hitting a weekly high. The stock’s 5-day price performance is 38.53%, and it has moved by 7.00% in 30 days. Based on these gigs, the overall price performance for the year is -84.98%. The short interest in Society Pass Inc (NASDAQ:SOPA) is 0.2 million shares and it means that shorts have 0.41 day(s) to cover.

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Society Pass Inc (SOPA) estimates and forecasts

Statistics show that Society Pass Inc has outperformed its competitors in share price, compared to the industry in which it operates. Society Pass Inc (SOPA) shares have gone down -53.98% during the last six months, with a year-to-date growth rate more than the industry average at 70.79% against 17.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 71.90% this quarter and then jump 82.70% in the quarter after that. In the rating firms’ projections, revenue will increase 14.80% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.49M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 3.35M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.27M and 1.67M respectively. In this case, analysts expect current quarter sales to grow by 9.70% and then jump by 100.20% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -57.72%. While earnings are projected to return 70.75% in 2024.

SOPA Dividends

Society Pass Inc is due to release its next quarterly earnings on 2024-Aug-19. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

Society Pass Inc insiders own 23.36% of total outstanding shares while institutional holders control 2.25%, with the float percentage being 2.93%.