SurgePays, Inc. (NASDAQ:SURG - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.22 and traded as high as $2.99. SurgePays shares last traded at $2.94, with a volume of 68,982 shares.
Analysts Set New Price Targets
A number of analysts have recently issued reports on SURG shares. Wall Street Zen upgraded SurgePays from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Ascendiant Capital Markets upped their price target on shares of SurgePays from $8.75 to $9.00 and gave the company a "buy" rating in a report on Monday, June 16th.
Check Out Our Latest Stock Analysis on SURG
SurgePays Stock Performance
The company has a 50-day moving average price of $2.96 and a two-hundred day moving average price of $2.24. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $60.41 million, a PE ratio of -1.06 and a beta of 0.46.
SurgePays (NASDAQ:SURG - Get Free Report) last issued its earnings results on Tuesday, May 13th. The medical equipment provider reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.02. SurgePays had a negative return on equity of 206.01% and a negative net margin of 136.37%. The firm had revenue of $10.58 million for the quarter, compared to analysts' expectations of $9.80 million. During the same period in the previous year, the firm posted $0.07 earnings per share. Analysts predict that SurgePays, Inc. will post -1.66 EPS for the current fiscal year.
Hedge Funds Weigh In On SurgePays
A number of large investors have recently bought and sold shares of SURG. D.A. Davidson & CO. bought a new stake in shares of SurgePays during the 1st quarter worth $25,000. Goldman Sachs Group Inc. bought a new position in SurgePays during the 1st quarter worth approximately $28,000. Baader Bank Aktiengesellschaft acquired a new stake in SurgePays during the 1st quarter worth approximately $35,000. Ethos Financial Group LLC bought a new stake in shares of SurgePays in the first quarter worth $57,000. Finally, XTX Topco Ltd acquired a new position in SurgePays during the fourth quarter worth $53,000. Hedge funds and other institutional investors own 6.94% of the company's stock.
About SurgePays
(
Get Free Report)
SurgePays, Inc, together with its subsidiaries, operates as a financial technology and telecom company in the United States. It operates through three segments: Mobile Virtual Network Operators, Comprehensive Platform Services, and Lead Generation. The company offers subsidized and non-subsidized mobile virtual network operators for internet connectivity through mobile broadband services to consumers; ACH banking relationships and fintech transactions platform to convenience stores; wireless top-up transactions and wireless product aggregation; and lead generation and case management solutions primarily to law firms in the mass tort industry, as well as call center activities.
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