Society Pass (NASDAQ:SOPA) Posts Quarterly Earnings Results, Misses Expectations By $0.84 EPS

Society Pass (NASDAQ:SOPA) posted its earnings results on Tuesday. The company reported ($1.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.84), Zacks reports. Society Pass had a negative return on equity of 431.98% and a negative net margin of 171.10%.

Society Pass Stock Performance

Shares of SOPA opened at $0.67 on Thursday. Society Pass has a fifty-two week low of $0.64 and a fifty-two week high of $6.75. The company’s fifty day moving average is $1.52 and its 200 day moving average is $1.19. The stock has a market capitalization of $2.42 million, a PE ratio of -0.13 and a beta of 1.45.

Insiders Place Their Bets

In related news, Director Michael Paul Dunn, Jr. bought 12,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was purchased at an average price of $28,920.00 per share, for a total transaction of $347,040,000.00. Following the acquisition, the director now owns 12,262 shares in the company, valued at $354,617,040. This trade represents a 4,580.15 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Society Pass Company Profile

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.