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

Society Pass Incorporated (NASDAQ:SOPA) shares are scheduled 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 closing bell on Wednesday, May 1st.

Society Pass Stock Performance

Shares of NASDAQ:SOPA traded down $0.02 during trading 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 fifty-two week low of $0.10 and a fifty-two week high of $1.16. The stock’s 50-day moving average price is $0.16 and its two-hundred day moving average price 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 released its quarterly earnings results on Monday, April 15th. The company reported ($0.18) EPS for the quarter. Society Pass had a negative return on equity of 167.70% and a negative net margin of 221.90%. The business had revenue of $1.67 million during the quarter. On average, equities analysts predict that Society Pass will post -0.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

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.