Society Pass (NASDAQ:SOPA) Posts Quarterly Earnings Results, Misses Expectations By $0.19 EPS

Society Pass (NASDAQ:SOPA) announced its quarterly earnings data on Tuesday. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.19), Zacks reports. Society Pass had a negative return on equity of 431.98% and a negative net margin of 171.10%.

Society Pass Trading Down 1.7%

Society Pass stock traded down $0.02 during midday trading on Tuesday, hitting $1.16. 69,361 shares of the stock were exchanged, compared to its average volume of 2,570,014. The stock’s 50-day simple moving average is $0.98 and its 200 day simple moving average is $1.21. Society Pass has a fifty-two week low of $0.64 and a fifty-two week high of $6.75. The stock has a market capitalization of $5.24 million, a price-to-earnings ratio of -0.23 and a beta of 1.45.

Analyst Upgrades and Downgrades

Separately, Ascendiant Capital Markets cut their target price on Society Pass from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Monday, April 21st.

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.