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.
Full Answer
Why did SOS Limited’s shares plummet on Tuesday?
Mar 31, 2022 · SOS stock has only fallen further. Micro-cap names trading under $1 per share have a hard enough time inspiring investor confidence. When a major index threatens to delist such a small company,...
Is SOS'stock down 74% from its 52-week high?
1 day ago · SOS stock fell about 17% on the news. It’s not surprising. Inevitably, when a company decides to sell stock to raise cash, current shareholders lose …
Is SOS mining cryptocurrency?
SGLY is the company SOS claims they are going to buy $200 Million in mining rigs from. This is the kind of company they are below. Their stock has plummeted the last two trading days and in...
Is SOS hosting Fyre Festival 2 for investors?
Jun 07, 2021 · Falling cryptocurrency prices brought this stock down, but it's rebounding in June as investors note the company's commitment to renewable energy. What happened Shares of SOS Limited ( SOS -1.10% )...
Why is SOS dropping so much?
Shares of SOS Limited (NYSE: SOS) plunged on Tuesday after the company announced a substantial stock offering. Many other cryptocurrency stocks rose for the session because Bitcoin was trading higher. However, the stock offering was too much for SOS to overcome, and it finished the day down almost 11%.Mar 30, 2021
Will SOS stock recover?
During the day the stock fluctuated 5.58% from a day low at $0.52 to a day high of $0.55. The price has risen in 6 of the last 10 days, but is still down by -23.88% for this period....Predicted Opening Price for SOS Limited of Tuesday, April 5, 2022.Fair opening price April 5, 2022Current price$0.53$0.54 (Overvalued)
Is SOS a good stock to buy now?
SOS has an F grade for Quality and a D for Momentum. The company's negative profit margins are in sync with the Quality grade. In addition, the stock is currently trading below its 50-day and 200-day moving averages of $1.47 and $2.88, respectively, indicating a downtrend. This is consistent with the Momentum grade.
What is the prediction for SOS stock?
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 +4,231.82% increase from the last price of 0.46.
Is SOS Limited undervalued?
Investors are now beginning to speculate on the amount of revenues that can be produced by this emerging growth gem in 2H 2021 and full year 2022. Clearly, SOS shares may now be among the most undervalued in the entire market.
Will SAS stock go up?
During the day the stock fluctuated 2.34% from a day low at 0.75 kr to a day high of 0.76 kr....Predicted Opening Price for SAS AB (publ) of Tuesday, April 12, 2022.Fair opening price April 12, 2022Current price0.75 kr0.75 kr (Overvalued)
Is SOS a good company?
SOS Group is a great company to work for! They offer flexibility with great work/life balance and a positive team environment that focuses on collaboration. They also provide comprehensive training and unlimited resources.
How much did Bitcoin fall?
In a matter of days, the price of Bitcoin fell from around $55,000 to around $35,000. For its part, SOS has big plans in the cryptocurrency space, and the stock has skyrocketed over the past year as the price of various cryptocurrencies has soared. But in May, SOS stock fell as Bitcoin fell. Image source: Getty Images.
Does SOS make money from Bitcoin?
Image source: Getty Images. Somewhat ironically, SOS doesn't currently generate much revenue from Bitcoin. In 2020, the company's revenue was up over 300% year over year, but this was mostly for its insurance marketing business. In fact, 84% of revenue came from a single customer in its insurance marketing segment.
Where is SOS based?
However, cryptocurrency mining was the company's primary plan for growth going forward. SOS is based in China, and the government there appears to be upping restrictions on cryptocurrencies, including proposed punishments for mining in China 's Inner Mongolia region. To be clear, SOS is headquartered in the Shandong province.
Where is SOS headquartered?
To be clear, SOS is headquartered in the Shandong province. However there's a lot of uncertainty for cryptocurrency miners in China right now in general. To summarize, SOS' core business won't be affected by any new government regulations on cryptocurrencies. However, the company's strategy going forward could be in jeopardy.
How much hash rate does SOS have?
According to the press release from the company, its new mining machines give SOS a Bitcoin mining hash rate of 527 peta-hashes per second (PH/s) ...
Is Bitcoin down in China?
Bitcoin and Ethereum are down, and China's restrictions on cryptocurrencies create a lot of uncertainty for shareholders of this company. After spending more than a decade travelling the world exploring different cultures and languages, I'm happy to now be contributing to the Motley Fool's mission to make the world smarter, happier, and richer.
What happened
Popular cryptocurrency mining company SOS Limited ( NYSE:SOS) saw some pretty terrifying turbulence today, closing down 30.8%. Shareholders appear to be issuing an SOS signal with this stock, sending shares toward their 52-week low.
So what
For a growth-oriented company like SOS, such capital raises are a good thing. Indeed, cryptocurrency miners typically seek out such equity investments to fund their growth.
Now what
Sure, this $90 million in capital could help accelerate the overall hash rate and mining capacity of SOS. There's reason to be bullish on this company, from a long-term perspective.
The stock could keep falling if management keeps diluting shareholders at this pace
I've been a contributor with the Motley Fool since 2019 and it's been a supreme joy to try to help make the world a little smarter, happier, and richer every day. What's great about exploring business and the economy is the insight it gives you into how things are in the world.
What happened
Shares of SOS Limited ( NYSE:SOS) plunged on Tuesday after the company announced a substantial stock offering. Many other cryptocurrency stocks rose for the session because Bitcoin was trading higher. However, the stock offering was too much for SOS to overcome, and it finished the day down almost 11%.
So what
To be more specific, as an international stock, SOS Limited trades in the U.S. as American depository receipts (ADR), which not technically common shares. In the press release from the company, management said it's selling 25 million ADRs and 25 million warrants.
Now what
Stocks are volatile in the short term, which is why it's a good idea to not focus on the price per share (or in this case, the price per ADR) day by day. It's better to focus on business results and expect the price to reflect those results in due time.