S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
MarketBeat Week in Review – 12/4 - 12/8
What is carbon capture and why does it keep coming up at COP28?
Polish truck drivers are blocking the border with Ukraine. It's hurting on the battlefield
Dozens of animals taken from Virginia roadside zoo as part of investigation
Peek inside Joe Biden's campaign fundraisers, where big money mingles with old jokes in swanky homes
Consumer product agency issues warning on small magnetic balls linked to deaths
Shohei Ohtani joins big-money club with massive contract with Los Angeles Dodgers
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
MarketBeat Week in Review – 12/4 - 12/8
What is carbon capture and why does it keep coming up at COP28?
Polish truck drivers are blocking the border with Ukraine. It's hurting on the battlefield
Dozens of animals taken from Virginia roadside zoo as part of investigation
Peek inside Joe Biden's campaign fundraisers, where big money mingles with old jokes in swanky homes
Consumer product agency issues warning on small magnetic balls linked to deaths
Shohei Ohtani joins big-money club with massive contract with Los Angeles Dodgers
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
MarketBeat Week in Review – 12/4 - 12/8
What is carbon capture and why does it keep coming up at COP28?
Polish truck drivers are blocking the border with Ukraine. It's hurting on the battlefield
Dozens of animals taken from Virginia roadside zoo as part of investigation
Peek inside Joe Biden's campaign fundraisers, where big money mingles with old jokes in swanky homes
Consumer product agency issues warning on small magnetic balls linked to deaths
Shohei Ohtani joins big-money club with massive contract with Los Angeles Dodgers
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
MarketBeat Week in Review – 12/4 - 12/8
What is carbon capture and why does it keep coming up at COP28?
Polish truck drivers are blocking the border with Ukraine. It's hurting on the battlefield
Dozens of animals taken from Virginia roadside zoo as part of investigation
Peek inside Joe Biden's campaign fundraisers, where big money mingles with old jokes in swanky homes
Consumer product agency issues warning on small magnetic balls linked to deaths
Shohei Ohtani joins big-money club with massive contract with Los Angeles Dodgers

SurgePays Stock Price, News & Analysis (NASDAQ:SURG)

$5.60
-0.13 (-2.27%)
(As of 12/8/2023 ET)
Compare
Today's Range
$5.57
$5.83
50-Day Range
$4.31
$6.83
52-Week Range
$3.88
$8.33
Volume
241,752 shs
Average Volume
272,346 shs
Market Capitalization
$79.69 million
P/E Ratio
3.86
Dividend Yield
N/A
Price Target
N/A

SURG stock logo

About SurgePays Stock (NASDAQ:SURG)

Surgepays Inc is a technology and financial services company specializing in providing distribution, logistics, and digital marketing services to convenience stores, bodegas, and other small retailers. The company was founded in 2016 and is headquartered in Bartlett, Tennessee. Surgepays is focused on helping small businesses compete against larger retailers by assisting them to provide telecommunications and fintech products and services. The company operates in a highly competitive industry and has been able to differentiate itself by leveraging its technology and logistics expertise.

The leadership team at Surgepays Inc comprises experienced professionals with backgrounds in technology, finance, and logistics. The company's CEO is Brian Cox, who has over 15 years of experience in the technology industry, including serving as the CTO of a publicly-traded company. The CFO is Anthony Evers, who has over 15 years of experience in finance and accounting, including working for a Big Four accounting firm. The President of Surgepays Fintech, Jeremy Gies, previously worked as their Senior Channel Business Manager at Honeywell Voice Solutions. Jeremy Gies has a long history of working in telecom sales and development. 

Surgepays Inc has experienced consistent revenue growth over the past few years but has also missed the mark on expected earnings per share (EPS) nearly every quarter for the past few years. The company has been working on increasing its gross profit margin and has made some upward movement regarding that. Surgepays has achieved this growth through a combination of organic growth and strategic acquisitions. The company recently reached a subscriber goal by passing over 200,000 subscribers in Q4 of 2022. However, the company is in debt, with a debt-to-equity ratio significantly higher than industry averages. The company has also recently completed a 1 for 50 reverse stock split, which has helped to reduce its outstanding shares and improve its financial position. Surgepays Inc's price-to-earnings ratio is significantly lower than the industry average, and the company's price-to-book ratio is also relatively low. These valuation metrics suggest that Surgepays may be undervalued relative to its peers. Surgepays Inc has had a volatile stock performance over the past year. The company has also experienced an increase in trading volume over the past year, with an average daily trading volume of around 100,000 shares daily.

Surgepays Inc operates in the highly competitive convenience store and bodega distribution industry, dominated by large retailers such as Walmart and Amazon. However, the company has been able to differentiate itself by focusing on small retailers and underserved customers in the fintech space. The industry also faces increasing regulatory and political pressures, primarily in online fraud through gift cards and "burner phones," often used for illegal purposes. 

Surgepays Inc has several potential growth opportunities, including expanding its product and service offerings, acquiring smaller competitors, and expanding into new markets. The company has recently launched a new ISO program, which has the potential to generate significant revenue growth. The company has also been actively seeking strategic acquisitions, focusing on companies that can help expand its geographic reach and product offerings.

Surgepays Inc faces several potential risks and challenges, including increasing competition from larger retailers, regulatory and political pressures, and the potential for economic downturns. The company's focus on small retailers is also a potential weakness, as these retailers are more susceptible to economic downturns and other market pressures. Surgepays must continue to innovate and differentiate itself to maintain its competitive position.

SURG Stock Price History

SURG Stock News Headlines

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Q3 2023 Surgepays Inc Earnings Call
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Surgepays Inc SURG
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Company Calendar

Last Earnings
11/14/2023
Today
12/09/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
4/04/2024

Industry, Sector and Symbol

Industry
Telephone communication, except radio
Sub-Industry
N/A
Current Symbol
NASDAQ:SURG
Fax
N/A
Employees
20
Year Founded
N/A

Profitability

Net Income
$-680,000.00
Pretax Margin
14.86%

Debt

Sales & Book Value

Annual Sales
$121.54 million
Cash Flow
$0.03 per share
Book Value
$0.37 per share

Miscellaneous

Free Float
8,537,000
Market Cap
$79.69 million
Optionable
Not Optionable
Beta
1.34
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Key Executives

  • Mr. Kevin Brian Cox (Age 48)
    Chairman & CEO
    Comp: $1.08M
  • Mr. Anthony George Evers CPA (Age 59)
    CIA, CPA, CFO & Acting COO
    Comp: $792.72k
  • Mr. David C. Ansani J.D. (Age 58)
    M.B.A., Chief Legal Counsel, Secretary & Chief Administrative Officer
    Comp: $366.25k
  • Mr. John MottMr. John Mott
    Chief Technology Officer
  • Mr. Carter M. Matzinger (Age 48)
    Chief Strategic Officer of LogicsIQ
    Comp: $187.21k
  • Mr. Brian M. Prenoveau C.F.A.
    Managing Director of MZ
  • Mr. Jeremy Gies
    President of SurgePays Fintech, Inc.














SURG Stock Analysis - Frequently Asked Questions

How have SURG shares performed in 2023?

SurgePays' stock was trading at $6.56 at the beginning of 2023. Since then, SURG stock has decreased by 14.6% and is now trading at $5.60.
View the best growth stocks for 2023 here
.

When is SurgePays' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 4th 2024.
View our SURG earnings forecast
.

How were SurgePays' earnings last quarter?

SurgePays, Inc. (NASDAQ:SURG) issued its earnings results on Tuesday, November, 14th. The medical equipment provider reported $0.49 earnings per share for the quarter. The medical equipment provider had revenue of $34.16 million for the quarter. SurgePays had a trailing twelve-month return on equity of 148.74% and a net margin of 14.63%.

What other stocks do shareholders of SurgePays own?
Who are SurgePays' major shareholders?

SurgePays' stock is owned by many different institutional and retail investors. Top institutional shareholders include Bailard Inc. (0.42%), Trexquant Investment LP (0.24%), Walleye Capital LLC (0.14%), Jump Financial LLC (0.08%), James Investment Research Inc. (0.07%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include David Allen May, John Mott and Kevin Brian Cox.
View institutional ownership trends
.

How do I buy shares of SurgePays?

Shares of SURG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:SURG) was last updated on 12/9/2023 by MarketBeat.com Staff

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