Society Pass's 15-minute chart has recently triggered an RSI Oversold reading and a KDJ Golden Cross at 10/09/2025 15:45. This suggests that the stock price has declined precipitously and is now supported by fundamental factors, while momentum indicators point to a potential shift towards an upward trend. As a result, the stock price is likely to experience further increases in the coming days.
Society Pass Inc. (NASDAQ: SOPA) shares have surged following a positive equity research report from Ascendiant Capital Markets LLC, which highlighted the company’s robust second-quarter 2025 performance and an improved outlook. The report revealed that Society Pass generated $2.5 million in revenue for the quarter, a 46% increase from the same period last year, surpassing estimates of $1.5 million. The earnings per share were $0.10, significantly outperforming the expected loss of $0.24 per share.
Founded in 2018, Society Pass operates in Vietnam, Indonesia, the Philippines, Singapore, and Thailand, focusing on digital media, travel, and lifestyle platforms across Southeast Asia’s e-commerce market. The company’s strong performance has been bolstered by its subsidiary, NusaTrip, which completed its initial public offering (IPO) on Nasdaq in August 2025, raising $17 million. Ascendiant expects another subsidiary, Thoughtful Media, to go public by the end of 2025, with a valuation comparable to that of NusaTrip.
Ascendiant raised its 2025 revenue forecast to $8.8 million from $6.2 million and its earnings estimate to a loss of $0.42 per share from a loss of $1.04. For 2026, the firm now projects revenue of $10 million, up from $9 million, and a loss of $0.47 per share compared with a loss of $0.63 previously. The research firm reaffirmed its Buy rating and raised its 12-month price forecast to $18 from $15, citing "Positive High Risks versus High Rewards."
The stock's recent price action reflects the positive sentiment from the analyst report. Society Pass shares were trading 106.3% higher at $2.89 at last check on Monday, September 12, 2025. The market capitalization of approximately $5 million is far below the estimated $29 million in cash, including $17 million raised from NusaTrip’s IPO. Ascendiant noted that Society Pass owns roughly 12 million NusaTrip shares, representing a 75% stake valued at about $100 million.
The 15-minute chart of Society Pass’s stock has recently triggered an RSI Oversold reading and a KDJ Golden Cross at 10/09/2025 15:45, suggesting that the stock price has declined precipitously and is now supported by fundamental factors, while momentum indicators point to a potential shift towards an upward trend. As a result, the stock price is likely to experience further increases in the coming days.
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