Society Pass Inc (NASDAQ: SOPA) stock fell -4.44% on Friday to $0.26 against a previous-day closing price of $0.27. With 1.06 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.62 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $0.2800 whereas the lowest price it dropped to was $0.2300. The 52-week range on SOPA shows that it touched its highest point at $1.69 and its lowest point at $0.24 during that stretch. It currently has a 1-year price target of $2.50. Beta for the stock currently stands at 1.21.
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 -9.38%, but this was down by -5.85% over a month. Three-month performance dropped to -47.77% while six-month performance fell -69.51%. The stock lost -83.89% in the past year, while it has lost -74.13% so far this year. A look at the trailing 12-month EPS for SOPA yields -0.83 with Next year EPS estimates of -0.29. For the next quarter, that number is -0.13. This implies an EPS growth rate of 60.87% for this year and 45.68% for next year.
Float and Shares Shorts:
At present, 27.08 million SOPA shares are outstanding with a float of 12.18 million shares on hand for trading. On Oct 30, 2023, short shares totaled 0.44 million, which was 1.51% higher than short shares on Sep 28, 2023. In addition to Mr. Wee Leong Liang as the firm’s Founder, CEO & Chairman, Mr. Luan Thuc Nguyen J.D. serves as its Consultant.
Through their ownership of 3.13% of SOPA’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 23.32% of SOPA, in contrast to 2.00% held by mutual funds. Shares owned by individuals account for 1.24%. As the largest shareholder in SOPA with 0.49% of the stake, swisspartners AG holds 150,000 shares worth 150,000. A second-largest stockholder of SOPA, swisspartners Marcuard Heritage A, holds 150,000 shares, controlling over 0.49% of the firm’s shares. Geode Capital Management LLC is the third largest shareholder in SOPA, holding 137,314 shares or 0.45% stake. With a 0.49% stake in SOPA, the Belfund SICAV – Belinvest Equity is the largest stakeholder. A total of 150,000 shares are owned by the mutual fund manager. The Fidelity Extended Market Index Fu, which owns about 0.33% of SOPA stock, is the second-largest Mutual Fund holder. It holds 100,893 shares valued at 38844.0. Vanguard Extended Market Index Fu holds 0.31% of the stake in SOPA, owning 96,225 shares worth 37047.0.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SOPA since 0 analysts follow the stock currently. 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 $3.75 and a low target of $0.75, the average target price over the next 12 months is $2.50. Based on these targets, SOPA could surge 1342.31% to reach the target high and rise by 188.46% to reach the target low. Reaching the average price target will result in a growth of 861.54% from current levels.
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 risen to 1 over the past year. The total number of shares bought during that period was 0 while 1,550,000 shares were sold.