SurgePays, Inc. (NASDAQ:SURG - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.84 and traded as high as $2.74. SurgePays shares last traded at $2.64, with a volume of 248,803 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Ascendiant Capital Markets increased their price target on SurgePays from $8.50 to $8.75 and gave the company a "buy" rating in a report on Tuesday, April 22nd.
Check Out Our Latest Stock Report on SurgePays
SurgePays Trading Up 4.3%
The stock has a fifty day moving average of $2.28 and a 200 day moving average of $1.84. The company has a market capitalization of $53.89 million, a P/E ratio of -2.34 and a beta of 0.51. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.70 and a current ratio of 6.24.
SurgePays (NASDAQ:SURG - Get Free Report) last announced its earnings results on Tuesday, May 13th. The medical equipment provider reported ($0.38) EPS for the quarter, topping analysts' consensus estimates of ($0.40) by $0.02. SurgePays had a negative return on equity of 55.63% and a negative net margin of 27.39%. The company had revenue of $10.58 million for the quarter, compared to analysts' expectations of $9.80 million. During the same period last year, the firm earned $0.07 EPS. As a group, equities research analysts anticipate that SurgePays, Inc. will post -1.66 EPS for the current fiscal year.
Hedge Funds Weigh In On SurgePays
A number of institutional investors have recently bought and sold shares of the stock. D.A. Davidson & CO. bought a new stake in SurgePays during the first quarter valued at about $25,000. Baader Bank Aktiengesellschaft bought a new stake in SurgePays during the first quarter valued at about $35,000. XTX Topco Ltd bought a new stake in SurgePays during the fourth quarter valued at about $53,000. Jane Street Group LLC bought a new stake in SurgePays during the fourth quarter valued at about $54,000. Finally, Ethos Financial Group LLC bought a new stake in SurgePays during the first quarter valued at about $57,000. 6.94% of the stock is owned by institutional investors.
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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