Society Pass Incorporated (NASDAQ: SOPA) stock jumped 0.15% on Tuesday to $1.00 against a previous-day closing price of $1.00. With 0.19 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.16 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $1.0100 whereas the lowest price it dropped to was $0.9684. The 52-week range on SOPA shows that it touched its highest point at $6.11 and its lowest point at $0.90 during that stretch. It currently has a 1-year price target of $6.33.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SOPA was down-trending over the past week, with a drop of -5.99%, but this was down by -20.28% over a month. Three-month performance dropped to -29.82% while six-month performance fell -46.42%. The stock lost -81.48% in the past year, while it has gained 0.66% so far this year. A look at the trailing 12-month EPS for SOPA yields -1.83 with Next year EPS estimates of -0.85. For the next quarter, that number is -0.25. This implies an EPS growth rate of -706.60% for this year and 33.10% for next year.
Float and Shares Shorts:
At present, 25.30 million SOPA shares are outstanding with a float of 17.02 million shares on hand for trading. On Dec 29, 2022, short shares totaled 0.29 million, which was 1.10% higher than short shares on Nov 29, 2022. In addition to Mr. Luan Thuc Nguyen J.D. as the firm’s Founder, Chairman & CEO, Mr. Wee Leong Liang serves as its CFO & Singapore Country GM.
Through their ownership of 1.89% of SOPA’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 25.36% of SOPA, in contrast to 1.12% held by mutual funds. Shares owned by individuals account for 0.76%. As the largest shareholder in SOPA with 0.51% of the stake, BlackRock Fund Advisors holds 135,739 shares worth 135,739. A second-largest stockholder of SOPA, Geode Capital Management LLC, holds 97,603 shares, controlling over 0.37% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in SOPA, holding 71,319 shares or 0.27% stake. With a 0.36% stake in SOPA, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 96,225 shares are owned by the mutual fund manager. The Fidelity Extended Market Index Fu, which owns about 0.27% of SOPA stock, is the second-largest Mutual Fund holder. It holds 72,745 shares valued at 72018.0. Fidelity Nasdaq Composite Index F holds 0.04% of the stake in SOPA, owning 9,864 shares worth 9765.0.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Sep 29, 2022, SOPA reported revenue of $499.06k and operating income of -$7.62M. The EBITDA in the recently reported quarter was -$6.78M and diluted EPS was -$0.31.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SOPA since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SOPA analysts setting a high price target of $5.00 and a low target of $5.00, the average target price over the next 12 months is $5.00. Based on these targets, SOPA could surge 400.0% to reach the target high and rise by 400.0% to reach the target low. Reaching the average price target will result in a growth of 400.0% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SOPA will report FY 2022 earnings on 03/27/2024. Analysts have provided yearly estimates in a range of -$1.06 being high and -$1.21 being low. For SOPA, this leads to a yearly average estimate of -$1.14. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Society Pass Incorporated surprised analysts by -$0.19 when it reported -$0.39 EPS against a consensus estimate of -$0.20. The surprise factor in the prior quarter was -$0.12. Based on analyst estimates, the high estimate for the next quarter is -$0.21 and the low estimate is -$0.27. The average estimate for the next quarter is thus -$0.24.
Summary of Insider Activity:
Insiders traded SOPA stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.