Society Pass Stock Scheduled to Reverse Split on Wednesday, May 1st (NASDAQ:SOPA)

Society Pass Incorporated (NASDAQ:SOPA)’s stock is scheduled to reverse split before the market opens on Wednesday, May 1st. The 1-15 reverse split was announced on Wednesday, May 1st. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, May 1st.

Society Pass Stock Down 14.6 %

Shares of SOPA traded down $0.02 on Monday, hitting $0.12. 3,036,389 shares of the stock traded hands, compared to its average volume of 492,505. The firm has a market capitalization of $4.61 million, a P/E ratio of -0.22 and a beta of 1.19. The stock’s 50 day moving average is $0.16 and its two-hundred day moving average is $0.23. Society Pass has a 1 year low of $0.10 and a 1 year high of $1.16.

Society Pass (NASDAQ:SOPA) last released its quarterly earnings data on Monday, April 15th. The company reported ($0.18) earnings per share (EPS) for the quarter. The business had revenue of $1.67 million for the quarter. Society Pass had a negative return on equity of 167.70% and a negative net margin of 221.90%. Research analysts forecast that Society Pass will post -0.27 EPS for the current year.

Analysts Set New Price Targets

Separately, Maxim Group reaffirmed a “hold” rating on shares of Society Pass in a research report on Wednesday, April 17th.

About Society Pass

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.