Last Updated: 16 Sep 2024
Executive Summary
Society Pass Inc. (SOPA) is a company dedicated to acquiring and operating e-commerce platforms in Southeast Asia. Despite its promising focus, the company faces financial challenges, including negative earnings and margins. However, analysts remain cautiously optimistic, with three analysts rating the stock as a "Buy" and one analyst rating it as a "Hold." The latest stock price of $0.8 is within the company's 52-week range of $0.727 to $7.49.
Company Overview
Society Pass Inc. is headquartered in Nevada and is focused on the Southeast Asian e-commerce market. The company's mission is to provide consumers and merchants with access to a wide range of products and services. Society Pass operates several e-commerce platforms, including the Society Pass Marketplace, which offers a variety of products and services.
Fundamental Analysis
Society Pass Inc. has reported negative financial performance in recent quarters. The company's revenue for the latest quarter was $7,499,400, a 0.218% decrease year-over-year. The company's EBITDA was -$13,477,875, resulting in a negative profit margin of -1.907%. The company's earnings per share (EPS) were -$6.69, indicating a loss for the period.
Technical Analysis
The technical analysis of Society Pass Inc. shows a stock that has been trending lower in recent months. The stock's 50-day moving average is $1.179, and its 200-day moving average is $2.287. The stock's relative strength index (RSI) is 35.49, indicating that the stock is oversold.
Short Term Outlook
The short-term outlook for Society Pass Inc. is mixed. The company's financial performance has been weak, and the stock price has been trending lower. However, the stock is oversold, which could lead to a short-term bounce.
Long Term Outlook
The long-term outlook for Society Pass Inc. is uncertain. The company's business model has potential, but the company needs to improve its financial performance. If the company can turn around its financial performance, the stock could have significant upside potential.
Analyst Recommendations
Three analysts have rated Society Pass Inc. as a "Buy," and one analyst has rated the stock as a "Hold." The average analyst target price is $41.33, which represents a significant premium to the current stock price.
