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

Society Pass Incorporated (NASDAQ:SOPA) shares are set to reverse split on the morning of 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 Trading Down 14.6 %

NASDAQ SOPA traded down $0.02 during trading hours on Monday, hitting $0.12. The company’s stock had a trading volume of 3,036,389 shares, compared to its average volume of 492,505. Society Pass has a 52 week low of $0.10 and a 52 week high of $1.16. The company’s 50-day simple moving average is $0.16 and its two-hundred day simple moving average is $0.23. The company has a market capitalization of $4.61 million, a PE ratio of -0.19 and a beta of 1.19.

Society Pass (NASDAQ:SOPA) last announced its earnings results on Monday, April 15th. The company reported ($0.18) EPS for the quarter. Society Pass had a negative net margin of 221.90% and a negative return on equity of 167.70%. The firm had revenue of $1.67 million during the quarter. Research analysts anticipate that Society Pass will post -0.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Maxim Group restated a “hold” rating on shares of Society Pass in a research note 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.