SOPA - Micro Cap Bid Up Massively Premarket

2023-07-11 09:34:28 ET

A Nevada-based tech firm is turning heads during Tuesday’s premarket after it was announced that Ascendiant Capital initiated coverage on the stock with a buy rating and a $3.50 price target.

Seeing that this stock closed at just $0.52/share on Monday, it’s no wonder that traders are eager to quickly get their hands on shares of %SocietyPass (Nasdaq: ), with traders currently willing to buy at $0.5784/share (+11.23% implied open for sellers). It should be an exciting session for this micro cap!

Society Pass Inc is building an ecosystem of platforms and technology-enabled companies that synergistically work together in transforming how consumers and merchants interact with one another in Southeast Asia and South Asia. Through the acquisition of companies and partnership with visionary entrepreneurs, the company meet the growing demand for better services in sectors such as lifestyle, beauty, travel, and food and beverage. It operates in the reportable operating segments of e-commerce and Merchant POS, of which prime revenue is derived from e-Commerce segment.