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

Shares of Society Pass Incorporated (NASDAQ:SOPA) are scheduled to reverse split 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 closing bell on Wednesday, May 1st.

Society Pass Trading Down 14.6 %

SOPA stock traded down $0.02 during midday trading on Monday, hitting $0.12. 3,036,389 shares of the company’s stock were exchanged, compared to its average volume of 492,505. Society Pass has a 1-year low of $0.10 and a 1-year high of $1.16. The stock has a market capitalization of $4.61 million, a PE ratio of -0.19 and a beta of 1.19. The business has a 50-day simple moving average of $0.16 and a two-hundred day simple moving average of $0.23.

Society Pass (NASDAQ:SOPA) last issued its quarterly earnings data on Monday, April 15th. The company reported ($0.18) earnings per share (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 for the quarter. As a group, research analysts expect that Society Pass will post -0.27 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Maxim Group restated 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.