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NASDAQ:SURG

SurgePays (SURG) Stock Forecast, Price & News

$8.04
-0.14 (-1.71%)
(As of 06/7/2023 ET)
Compare
Today's Range
$7.72
$8.20
50-Day Range
$4.25
$8.18
52-Week Range
$3.88
$8.20
Volume
192,151 shs
Average Volume
128,814 shs
Market Capitalization
$113.85 million
P/E Ratio
21.73
Dividend Yield
N/A
Price Target
$11.88

SURG stock logo

About SurgePays (NASDAQ:SURG) Stock

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.

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SURG Stock News Headlines

This Company Is Solving A Multi-Billion Dollar Problem!
This Little Known NASDAQ Stock is Solving a Multi-Billion Dollar Problem!
Q1 2023 Surgepays Inc Earnings Call
Surgepays: Q1 Earnings Insights
WARNING TO ALL U.S. INVESTORS
May 16, 2023... The Day That Will Financially Paralyze 181 Million American Investors... Here are 3 steps to prepare yourself >>>
1606 Corp inks product distribution deal with SurgePays
SurgePays (SURG) to Release Earnings on Thursday
SurgePays Inc. Approved to Dual List on Upstream
Earnings Outlook For Surgepays
SurgePays (SURG) to Release Quarterly Earnings on Thursday
See More Headlines

SURG Price History

SURG Company Calendar

Last Earnings
3/30/2023
Today
6/07/2023
Next Earnings (Estimated)
8/10/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Advertising
Sub-Industry
N/A
Current Symbol
NASDAQ:SURG
Fax
N/A
Employees
32
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$11.88
High Stock Price Forecast
$15.00
Low Stock Price Forecast
$8.75
Forecasted Upside/Downside
+47.7%
Consensus Rating
N/A
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
$-680,000.00
Pretax Margin
3.87%

Debt

Sales & Book Value

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

Miscellaneous

Free Float
8,610,000
Market Cap
$113.85 million
Optionable
Not Optionable
Beta
1.01

Key Executives

  • Kevin Brian Cox
    Chairman & Chief Executive Officer
  • Anthony G. Evers
    Chief Financial Officer
  • John MottJohn Mott
    Chief Technology Officer
  • David C. Ansani
    Secretary, Chief Administrative Officer
  • Carter Matzinger
    Chief Strategic Officer













SURG Stock - Frequently Asked Questions

What is SurgePays' stock price forecast for 2023?

0 analysts have issued twelve-month price objectives for SurgePays' stock. Their SURG share price forecasts range from $8.75 to $15.00. On average, they expect the company's stock price to reach $11.88 in the next year. This suggests a possible upside of 47.7% from the stock's current price.
View analysts price targets for SURG
or view top-rated stocks among Wall Street analysts.

How have SURG shares performed in 2023?

SurgePays' stock was trading at $6.56 at the beginning of 2023. Since then, SURG shares have increased by 22.6% and is now trading at $8.04.
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, August 10th 2023.
View our SURG earnings forecast
.

How were SurgePays' earnings last quarter?

SurgePays, Inc. (NASDAQ:SURG) posted its quarterly earnings data on Thursday, March, 30th. The medical equipment provider reported $0.25 EPS for the quarter. The medical equipment provider earned $36.23 million during the quarter. SurgePays had a trailing twelve-month return on equity of 115.59% and a net margin of 3.79%.

What guidance has SurgePays issued on next quarter's earnings?

SurgePays issued an update on its FY 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $190.00M-, compared to the consensus revenue estimate of $197.76 million.

What other stocks do shareholders of SurgePays own?
What is SurgePays' stock symbol?

SurgePays trades on the NASDAQ under the ticker symbol "SURG."

Who are SurgePays' major shareholders?

SurgePays' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Praetorian Capital Management LLC (3.39%), Clear Street LLC (0.00%), MYDA Advisors LLC (0.00%), Geode Capital Management LLC (0.66%), Blair William & Co. IL (0.19%) and Susquehanna International Group LLP (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.

What is SurgePays' stock price today?

One share of SURG stock can currently be purchased for approximately $8.04.

How much money does SurgePays make?

SurgePays (NASDAQ:SURG) has a market capitalization of $113.85 million and generates $121.54 million in revenue each year. The medical equipment provider earns $-680,000.00 in net income (profit) each year or $0.37 on an earnings per share basis.

How can I contact SurgePays?

SurgePays' mailing address is 3845 Corporate Centre Dr, O'FALLON, MO 63368-8678, United States. The official website for the company is www.surgeholdings.com. The medical equipment provider can be reached via phone at (901) 302-9587 or via email at invest@surgepays.com.

This page (NASDAQ:SURG) was last updated on 6/7/2023 by MarketBeat.com Staff

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