Society Pass Inc (NASDAQ:SOPA) shares, rose in value on Wednesday, February 12, with the stock price down by -22.34% to the previous day’s close as strong demand from buyers drove the stock to $4.45.
Actively observing the price movement in the last trading, the stock closed the session at $5.73, falling within a range of $3.92 and $5.35. The value of beta (5-year monthly) was 1.161. Referring to stock’s 52-week performance, its high was $6.75, and the low was $0.73. On the whole, SOPA has fluctuated by 400.00% over the past month.
With the market capitalization of Society Pass Inc currently standing at about $16.22 million, investors are eagerly awaiting this quarter’s results, scheduled for in March.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 7M, with a low estimate of 1.8M and a high estimate of 1.8M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.8M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SOPA’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 75% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of SOPA currently trading nearly 144.03% and 250.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.65, while the 7-day volatility ratio is showing 56.42% which for the 30-day chart, stands at 29.25%. Furthermore, Society Pass Inc (SOPA)’s beta value is 1.22, and its average true range (ATR) is 0.73.
A comparison of Society Pass Inc (SOPA) with its peers suggests the former has fared considerably weaker in the market. SOPA showed an intraday change of -22.34% in last session, and over the past year, it grew by 48.33%%.
Data on historical trading for Society Pass Inc (NASDAQ:SOPA) indicates that the trading volumes over the past 10 days have averaged 19.29 and over the past 3 months, they’ve averaged 3.29 million. According to company’s latest data on outstanding shares, there are 3.65 million shares outstanding.
Nearly 23.97% of Society Pass Inc’s shares belong to company insiders and institutional investors own 3.23% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9105.0 shares as on 2024-10-31, resulting in a short ratio of 0.13. According to the data, the short interest in Society Pass Inc (SOPA) stood at 34.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 37789.0. The stock has risen by 395.55% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SOPA stock heading into the next quarter.
