Stock FAQs

sos stock what do they do

by Mrs. Joana Hessel IV Published 3 years ago Updated 2 years ago
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SOS Limited (NYSE

NYSE

The New York Stock Exchange is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily tra…

: SOS) is a Chinese company providing data mining and analysis services to corporate and individual members in China. It is a penny stock trading at approximately 60 cents and has losses of nearly 90% in the past year and is already down approximately 25% year-to-date.

SOS Limited (NYSE:SOS) is a Chinese company providing data mining and analysis services to corporate and individual members in China. It is a penny stock trading at approximately 60 cents and has losses of nearly 90% in the past year and is already down approximately 25% year-to-date.Mar 11, 2022

Full Answer

Who owns SOS stock?

SOS stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, Renaissance Technologies LLC, Equitec Proprietary Markets LLC, Bank of America Corp DE, Penserra Capital Management LLC, Mitsubishi UFJ Kokusai Asset Management Co. Ltd., BlackRock Inc., and Invesco Ltd.. How do I buy shares of SOS?

Why is SOS Limited’s stock soaring higher?

SOS Limited (NYSE: SOS) stock is soaring higher on Thursday after revealing a new partnership with a cryptocurrency expert late last night. A news release from SOS Limited reveals that Dr. Eric H. Yan now works for the company.

Why is SOS stock up 91% Thursday morning?

The company’s main goal is to transform digital technology into data-driven operations. It does this through its research and development of big data, cloud computing, Internet of Things (IoT), blockchain, and artificial intelligence (AI). SOS stock was up 91.3% as of Thursday morning.

When does SOS release its next quarterly earnings?

SOS is scheduled to release its next quarterly earnings announcement on Wednesday, May 4th 2022. View our earnings forecast for SOS. Who are SOS's key executives?

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Is it good to invest in SOS stock?

SOS (NYSE:SOS) is down to 47 cents per share compared to over $7 per share in March 2021. The company recently sold over 35 million American depositary shares at 56 cents to raise new funds. Management's lack of vision and clarity makes SOS stock a tough buy.

Is SOS a good long-term stock?

Get It Now! Historical index on US Stock Market : C "Should I invest in SOS stock?" "Should I trade "SOS" stock today?" According to our live Forecast System, SOS Limited stock is a bad long-term (1-year) investment*.

What kind of company is SOS?

SOS Limited operates in information technology services. The Company provides customers with blockchain-based rescue, big data, trade, digital asset management, satellite communication, and other information technology.

Is SOS a Bitcoin miner?

SOS is an emerging marketing solution provider based on blockchain and big data drive with products including cryptocurrency mining and may extend to cryptocurrency security and insurance in the future.

Will SOS ever go up?

Sos Ltd (NYSE:SOS) The 1 analysts offering 12-month price forecasts for Sos Ltd have a median target of 20.00, with a high estimate of 20.00 and a low estimate of 20.00. The median estimate represents a +6,351.61% increase from the last price of 0.31.

Is SOS being shorted?

SOS saw a increase in short interest in the month of May. As of May 31st, there was short interest totaling 29,360,000 shares, an increase of 6.2% from the previous total of 27,640,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment.

What does SOS stand for?

SOS means “save our ship.” But kids use it to express distress (often jokingly).

Is SOS Limited a legitimate company?

The complaint alleges that, in truth, SOS is a fraudulent stock promotion scheme that has concealed related party transactions, and has misrepresented the type and/or existence of bitcoin mining rigs SOS claimed to have purchased earlier this year. Investors allegedly began to learn the truth on Feb.

What does SOS Limited stand for?

SOS Limited (NYSE:SOS) is a company focused on cryptocurrency mining. For investors, however, SOS stock now has come to resemble SOS' common usage as a distress signal short for the phrase “save our ship.” Indeed, SOS stock has hit an iceberg, with the share price falling from $7 last spring to just 70 cents now.

What crypto does SOS mine?

That would be in cryptocurrency. In January 2021, SOS claimed to have entered an arrangement to acquire 15,645 mining rigs. These would be “A10 Pro 780M” and “T2T 37T” model of miners, and the company would pay $20 million for these units.

Is SOS a crypto stock?

SOS stock jumps as 2021 revenue soars over 600% on crypto mining, commodity trading. China-based SOS (NYSE:SOS) shares are grinding higher by nearly 40% in Monday afternoon trading as full-year net revenue surged 612% Y/Y to $357.8M, driven by the addition of its cryptocurrency mining and commodity trading operations.

Does SOS Limited mine ethereum?

QINGDAO, China, May 18, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") announced today that 6,039 mining rigs received over the past month have all been put into operation, including a batch of 575 Ethereum (ETH) mining rigs received on May 7, 2021, and another batch of 5,464 rigs from the third ...

Who are SOS's key executives?

SOS's management team includes the following people: Mr. Yandai Wang , Exec. Chairman & CEO (Age 44) Mr. Sing Leung Li , CFO & Director (Age 5...

Who are some of SOS's key competitors?

Some companies that are related to SOS include Far Peak Acquisition (FPAC) , Perella Weinberg Partners (PWP) , Sunlight Financial (SUNL) , Pion...

What is SOS's stock symbol?

SOS trades on the New York Stock Exchange (NYSE) under the ticker symbol "SOS."

Who are SOS's major shareholders?

SOS's stock is owned by a number of retail and institutional investors. Top institutional shareholders include State Street Corp (3.36%), BlackRock...

Which major investors are selling SOS stock?

SOS stock was sold by a variety of institutional investors in the last quarter, including Equitec Proprietary Markets LLC, Sculptor Capital LP, Scu...

Which major investors are buying SOS stock?

SOS stock was acquired by a variety of institutional investors in the last quarter, including Anson Funds Management LP, State Street Corp, BlackRo...

How do I buy shares of SOS?

Shares of SOS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull...

What is SOS's stock price today?

One share of SOS stock can currently be purchased for approximately $0.36.

How much money does SOS make?

SOS has a market capitalization of $184.26 million and generates $357.82 million in revenue each year.

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SOS Ltd. ADR

SOS Ltd. is a holding company, which provides marketing data, technology and solutions to the emergency rescue services in China. It focuses on the research and development of big data, cloud computing, Internet of Things, block chain and artificial intelligence.

Why is SOS stock rising?

On Apr. 6, SOS stock fell 6 percent to $4.50 but then jumped more than 30 percent in extended hours to $5.90. Many other crypto mining stocks fell that day, with RIOT, MARA, and HUTMF falling 5, 7.3, and 7.4 percent, respectively.

SOS's fraud allegations

In Feb. 2021, Hindenburg Research published a report alleging that SOS Limited was a fraud, indicating that the company was using a fake corporate address. Hindenburg went on to reveal a short position in SOS stock.

Is SOS stock overvalued?

SOS Limited has denied Hindenburg’s fraud claims, but that hasn’t helped its stock—it's more than 70 percent below its recent peak. Furthermore, it's overvalued, at a price-to-book multiple of 15.5. That’s higher than Riot’s 11.7 and Marathon’s 13.8.

Is SOS a good bitcoin mining stock?

Before it pivoted to crypto mining, China-based SOS was in the online lending business, with a model similar to LendingClub's. The company's data analysis services currently contribute the bulk of its revenue.

Should you buy SOS stock now?

Although SOS Limited should benefit from the rising crypto prices, it doesn’t look to be a good investment right now. Its old mining machines will make it difficult to compete with the likes of Riot and Marathon, and the stock seems overvalued.

SOS Stock and the Reddit Universe

The more widely followed and well-worn reality is SOS’ place within the Reddit universe. Yup, SOS is yet another stock marked for muscling by retail traders trying to level the playing field on Wall Street.

Unlikely to Stick Around

On Thursday, SOS jumped 16%. The bid was wedged in-between GME’s gain of nearly 5% and AMC’s popcorn worthy 36% thriller. But don’t take SOS’ strength for granted. Realize SOS checks all the right boxes for a stock that’s highly unlikely to stick around.

Where is SOS located?

SOS Limited (NYSE: SOS) (the "Company"or "SOS") announced today that it has entered into a joint venture agreement with Niagara Development LLC ("Niagara Development"), a New Jersey limited liability company, for a joint venture to be based in Niagara, Wisconsin.

What is SOS 2021?

LOS ANGELES, CA / ACCESSWIRE / June 1, 2021 /The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against SOS Limited ("SOS" or "the Company") (NYSE:SOS) for violations of §§10 (b) and 20 (a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U. Securities and Exchange Commission.

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