Why One Analyst Believes This Little-Known Tech Company Could Have Over 1,072% Upside Potential… (1)
See why now could be the best time to start your research on Society Pass Incorporated (Nasdaq: SOPA).
Fintech Industry Set to Skyrocket to $1.5 Trillion by 2030 (2)
The fintech industry is on a trajectory to become a juggernaut, with projections indicating that it could reach a staggering $1.5 trillion by the year 2030. This eye-catching forecast comes from a recently released report by Boston Consulting Group (BCG) and QED Investors, shedding light on the remarkable growth prospects within the financial technology sector. (2)
Currently representing a modest 2% share of the expansive $12.5 trillion global financial services revenue, fintech is poised for an astonishing sixfold increase in revenue over the next decade. This ambitious growth is expected to be driven by various segments of the fintech landscape, with banking fintechs anticipated to contribute nearly a quarter of all banking valuations worldwide by 2030.
North America, home to the world’s largest financial services industry, will remain a vital fintech market and innovation hub. It is expected to experience a fourfold growth to reach $520 billion by 2030, with the US contributing a substantial 32% to global fintech revenue growth. (2)
With a significant portion of the global population underbanked or unbanked, neobanks are expected to play a crucial role in expanding financial access. This presents both an opportunity and a challenge for the fintech industry, especially in emerging markets.
As the fintech sector embarks on its next chapter, industry observers are presented with a dynamic and ever-expanding opportunity.
Among the companies to watch in this transformative landscape is Society Pass Incorporated (Nasdaq: SOPA), which has been positioning itself for substantial growth in the Southeast Asian tech sector.
While fintech continues to redefine the future of finance, companies like Society Pass Incorporated (Nasdaq: SOPA) are at the forefront, offering promising growth prospects and innovation that could shape the industry’s trajectory in the years to come.
Keep reading to see why Society Pass Incorporated (Nasdaq: SOPA) needs to be at the top of your daily watch list.
7 Reasons Why Society Pass Incorporated (Nasdaq: SOPA) Could Witness Significant Upside Potential Ahead of 2024…
Massive Market Potential
The fintech industry is on a trajectory to become a juggernaut, with projections indicating that it could reach a staggering $1.5 trillion by the year 2030. While fintech continues to redefine the future of finance, companies like Society Pass Incorporated (Nasdaq: SOPA) are at the forefront, offering promising growth prospects and innovation that could shape the industry's trajectory in the years to come.
Analyst Coverage
Edward Woo, CFA, an analyst at Ascendiant Capital Markets LLC, has increased his target for Society Pass Incorporated (Nasdaq: SOPA) to $3.75 over the next 12 months, signaling the possibility for over 1,072% in upside potential as of the company's closing price of $.3199 on 10/27/2023. (1)(8)
Strong Insider Ownership
High insider ownership typically signals confidence in a company's prospects and ownership in its shares. (4) Society Pass Incorporated (Nasdaq: SOPA) insiders own over 64% of the shares as of 10/27/2023 according to Finviz.com. (5)
Extremely Low-Float
Market observers typically consider a float of 10-to-20 million shares as a low float. Some larger corporations have very high floats in the billions. (6) According to FinViz.com Society Pass Incorporated (Nasdaq: SOPA) has less than 9.63 million shares available in its float as of 10/27/2023. (5) A low-float stock can make significant moves due to volatility from so few shares being available (6), so this could be an interesting situation to watch closely.
Exceptional Revenue Growth
In its recent report on Q2 2023 results, Society Pass Incorporated (Nasdaq: SOPA) displayed a staggering 338% year-on-year increase in revenue, reaching $2.2 million. This substantial growth showcases the company's potential for significant upside. (1)
Strategic Expansion Through Major Acquisition
The company's strategic move to acquire 95% of PT Inetindo Info, a prominent player in Indonesia's Apple Premium Reseller and gaming retail sector, could be transformative. This acquisition promises to contribute significantly to Society Pass Incorporated (Nasdaq: SOPA)'s future expansion in Southeast Asia. (1)
High-Growth Prospects
In addition to the company's growth expectations, Society Pass Incorporated (Nasdaq: SOPA) has hinted at a potential annual revenue run rate ranging from $60 to $100 million. Additionally, the company anticipates achieving cash profitability in the latter half of 2023. These growth prospects underscore the company's potential suggesting a very strong reason to begin your research on (SOPA). (1)
Analyst at Ascendiant Capital Raises Target on Society Pass Incorporated (Nasdaq: SOPA) to $3.75 Indicating an Upside Potential of Over 1,072% (1)
Edward Woo, CFA, an analyst at Ascendiant Capital Markets LLC, recently increased his price target on Society Pass Incorporated (Nasdaq: SOPA) from $3.50 to $3.75. This upward revision suggests the potential for a remarkable upside of over 1,072% based on the company’s recent performance and future prospects. (1)
Q2 Strong Revenue Growth: Society Pass Incorporated (Nasdaq: SOPA) reported robust fiscal Q2 2023 results, with revenue reaching $2.2 million, reflecting an impressive 338% year-on-year increase.
Major M&A: In July 2023, Society Pass Incorporated (Nasdaq: SOPA) announced a significant acquisition, entering into an agreement to acquire 95% of PT Inetindo Info, a subsidiary of Story-I Limited. Inetindo is a prominent Apple Premium Reseller and Authorised Education Partner, with a strong presence in Indonesia’s electronic gaming retail sector. With a purchase price of approximately $1.9 million, this acquisition is expected to be a key driver of future growth.
Promising Market Opportunities: Society Pass Incorporated (Nasdaq: SOPA) operates in Southeast Asia (SEA), a region characterized by strong economic expansion, population growth, urbanization, and increasing mobile technology adoption. These factors create a fertile ground for technology companies like Society Pass to capitalize on large and fast-growing market opportunities. (1)
Society Pass Incorporated (Nasdaq: SOPA) has demonstrated the potential for significant upside potential with a 52-week range between $.2405 – $2.00, according to Barchart.com. (8) Since bouncing off their 52-week low of $.2405 on 10/10/2023, shares moved over 78% in less than 2 days when they reached $.4299 on 10/12/2023. (8)
While the company’s stock price has seen fluctuations, it’s important to note that Society Pass Incorporated (Nasdaq: SOPA) is also considered a nano-cap.
In general, nano-cap companies have market capitalizations of less than $50 million. (9) Because nano-cap stocks are significantly smaller than mid-cap or large-cap companies, they have a higher potential to change valuation quickly. (10) As of 10/27/2023, Society Pass Incorporated (Nasdaq: SOPA) has a market cap of less than $9 million according to Finviz.com. (5)
Which is why things could get very interesting and also why you need to start your research on Society Pass Incorporated (Nasdaq: SOPA).
Society Pass Incorporated (Nasdaq: SOPA) also has an extremely low float along with insiders holding a high percentage of shares. Market participants typically consider a float of 10-to-20 million shares as a low float. Some larger corporations have very high floats in the billions. (6)
According to FinViz.com Society Pass Incorporated (Nasdaq: SOPA) has less than 9.63 million shares available in its float with insiders owning over 64% of shares as of 10/27/2023. (5)
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Society Pass Incorporated (Nasdaq: SOPA): Powering Southeast Asia's Digital Revolution (11)
Expanding Footprint in Southeast Asia: (11)
Society Pass is headquartered in Singapore and operates across five Southeast Asian countries, including Vietnam, Indonesia, the Philippines, Thailand, and Singapore. With a presence in this dynamic and youthful market, the company is tapping into a region that boasts impressive GDP growth rates and a population that is increasingly tech-savvy.
A Diverse Portfolio: (11)
Society Pass Incorporated (Nasdaq: SOPA) has adopted a strategic approach to acquisitions, aiming to build a comprehensive ecosystem that caters to various consumer needs. The company’s verticals span loyalty, fintech, digital media, travel, telecoms, lifestyle, and food and beverage delivery. By providing an array of services, Society Pass aims to become a one-stop shop for Southeast Asian consumers, ensuring that it stays at the forefront of the region’s digital transformation.Remarkable Growth Trajectory: (11)
One of the standout features of Society Pass’s recent performance is its extraordinary revenue growth. In the first half of 2023, the company reported a staggering 348% year-on-year increase in revenues. This achievement underscores the company’s ability to capture a substantial market share and establish a strong position in Southeast Asia. Society Pass Incorporated (Nasdaq: SOPA) is actively pursuing partnerships and acquisitions to bolster its position. For instance, the company signed a strategic partnership with 2C2P, a major player in Southeast Asia’s payment industry, to provide digital payment solutions to the unbanked population in the region. This move is aligned with the company’s long-term goal of becoming a leading digital wallet provider for Southeast Asians.
Future Prospects and Market Confidence: (11)
Society Pass Incorporated (Nasdaq: SOPA) has set its sights on cash profitability in the near future, marking a significant milestone in its journey. Dennis Quinn expressed confidence in the company’s future prospects, highlighting the impressive revenue growth and profitability trends. With a rapidly growing user base and a commitment to delivering value to both consumers and merchants, Society Pass Incorporated (Nasdaq: SOPA) is poised for continued success in Southeast Asia’s evolving digital landscape.
Society Pass Incorporated (Nasdaq: SOPA) is emerging as a dominant force in Southeast Asia’s digital ecosystem. Its strategic acquisitions, diverse portfolio of services, and impressive revenue growth are capturing the attention of industry observers. As the company continues to expand its footprint and offer innovative solutions to Southeast Asian consumers, it remains a compelling player in the loyalty, fintech, and e-commerce sectors. (11)
Headline News
Oct. 24, 2023 (15)
Society Pass Incorporated (Nasdaq: SOPA) Thoughtful Media Group Inc Ventures into Concert Sponsoring in Indonesia; Developing an Innovative Revenue Stream and Creating Unique Marketing Opportunities for Advertisers…
Oct. 17, 2023 (16)
Society Pass Incorporated (Nasdaq: SOPA) / Thoughtful Media Group Inc Launches 1st Ever MediaGram to Build Indonesia Online Fitness Community; MediaGram Platform Projected to Generate +20% of TMG Group Revenues in 2024…
Oct. 12, 2023 (17)
Society Pass Incorporated (Nasdaq: SOPA) Announces Equity Line of up to $40 Million to Invest into Operating Subsidiaries Projected to Go Public in 2024…
Oct. 10, 2023 (18)
Society Pass Incorporated (Nasdaq: SOPA) Announces Plans to Spin Out Two Profitable Business Units Into New Publicly-Traded Companies via Nasdaq IPOs in 2024…
Aug. 21, 2023 (19)
Ascendiant Capital Markets: Society Pass Incorporated (Nasdaq: SOPA) 2Q 2023 Saw Strong Revenue Growth of 338% Year on Year; Major Acquisition and Expected Cash Probability in 2H 2023 to Drive Share Price Higher…
Why One Analyst Believes Society Pass Incorporated (Nasdaq: SOPA) Could Have Over 1,072% Upside Potential… (1)
See why now could be the best time to start your research on Society Pass Incorporated (Nasdaq: SOPA).
7 Reasons Why Society Pass Incorporated (Nasdaq: SOPA) Could Witness Significant Upside Potential Ahead of 2024…
Massive Market Potential
The fintech industry is on a trajectory to become a juggernaut, with projections indicating that it could reach a staggering $1.5 trillion by the year 2030. While fintech continues to redefine the future of finance, companies like Society Pass Incorporated (Nasdaq: SOPA) are at the forefront, offering promising growth prospects and innovation that could shape the industry's trajectory in the years to come.
Analyst Coverage
Edward Woo, CFA, an analyst at Ascendiant Capital Markets LLC, has increased his target for Society Pass Incorporated (Nasdaq: SOPA) to $3.75 over the next 12 months, signaling the possibility for over 1,072% in upside potential as of the company's closing price of $.3199 on 10/27/2023. (1)(8)
Strong Insider Ownership
High insider ownership typically signals confidence in a company's prospects and ownership in its shares. (4) Society Pass Incorporated (Nasdaq: SOPA) insiders own over 64% of the shares as of 10/27/2023 according to Finviz.com. (5)
Extremely Low-Float
Market observers typically consider a float of 10-to-20 million shares as a low float. Some larger corporations have very high floats in the billions. (6) According to FinViz.com Society Pass Incorporated (Nasdaq: SOPA) has less than 9.63 million shares available in its float as of 10/27/2023. (5) A low-float stock can make significant moves due to volatility from so few shares being available (6), so this could be an interesting situation to watch closely.
Exceptional Revenue Growth
In its recent report on Q2 2023 results, Society Pass Incorporated (Nasdaq: SOPA) displayed a staggering 338% year-on-year increase in revenue, reaching $2.2 million. This substantial growth showcases the company's potential for significant upside. (1)
Strategic Expansion Through Major Acquisition
The company's strategic move to acquire 95% of PT Inetindo Info, a prominent player in Indonesia's Apple Premium Reseller and gaming retail sector, could be transformative. This acquisition promises to contribute significantly to Society Pass Incorporated (Nasdaq: SOPA)'s future expansion in Southeast Asia. (1)
High-Growth Prospects
In addition to the company's growth expectations, Society Pass Incorporated (Nasdaq: SOPA) has hinted at a potential annual revenue run rate ranging from $60 to $100 million. Additionally, the company anticipates achieving cash profitability in the latter half of 2023. These growth prospects underscore the company's potential suggesting a very strong reason to begin your research on (SOPA). (1)
Source 1: https://thesocietypass.com/wp-content/uploads/Ascendiant_EquityResearchReport_16Aug2023.pdf
Source 2: https://www.prnewswire.com/news-releases/fintech-projected-to-become-a-1-5-trillion-industry-by-2030–301813978.html
Source 3: https://industrywired.com/wp-content/uploads/2019/09/Top_Innovative-Trends-Shaping-FinTech-Industry-in-2020.png
Source 4: https://www.investopedia.com/articles/stocks/05/042605.asp
Source 5: https://finviz.com/quote.ashx?t=SOPA&p=d
Source 6: https://www.sofi.com/learn/content/understanding-low-float-stocks/
Source 7: https://www.otcmarkets.com/stock/SOPA/overview
Source 8: https://www.barchart.com/stocks/quotes/SOPA/price-history/historical
Source 9: https://www.investopedia.com/terms/n/nanocap.asp
Source 10: https://www.benzinga.com/money/best-nano-cap-stocks
Source 11: https://www.youtube.com/watch?v=UaByOpN1E3I
Source 12: https://technode.global/wp-content/uploads/2021/11/SoPA-Dennies-e1637131563976.jpeg
Source 13: https://kenyanwallstreet.com/wp-content/uploads/2019/11/IMG_2053-1.jpg
Source 14: https://thesocietypass.com/wp-content/uploads/Maxim_EquityResearchReport_11August2023.pdf
Source 15: https://www.marketwatch.com/press-release/society-pass-inc-nasdaq-sopa-thoughtful-media-group-inc-ventures-into-concert-sponsoring-in-indonesia-developing-an-innovative-revenue-stream-and-creating-unique-marketing-opportunities-for-advertisers-f4dacedb?mod=mw_quote_news_seemore
Source 16: https://www.marketwatch.com/press-release/society-pass-inc-nasdaq-sopa-thoughtful-media-group-inc-launches-1st-ever-mediagram-to-build-indonesia-online-fitness-community-mediagram-platform-projected-to-generate-20-of-tmg-group-revenues-in-2024-85daf7c7?mod=mw_quote_news_seemore
Source 17: https://www.marketwatch.com/press-release/society-pass-inc-nasdaq-sopa-announces-equity-line-of-up-to-40-million-to-invest-into-operating-subsidiaries-projected-to-go-public-in-2024-d4d31170?mod=mw_quote_news_seemore
Source 18: https://www.marketwatch.com/press-release/society-pass-inc-nasdaq-sopa-announces-plans-to-spinout-two-profitable-business-units-into-new-publicly-traded-companies-via-nasdaq-ipos-in-2024-43263555?mod=mw_quote_news_seemore
Source 19: https://www.marketwatch.com/press-release/ascendiant-capital-markets-society-pass-inc-nasdaq-sopa-2q-2023-saw-strong-revenue-growth-of-338-year-on-year-major-acquisition-and-expected-cash-probability-in-2h-2023-to-drive-share-price-higher-ff31498a?mod=mw_quote_news_seemore