Surgepays Inc (SURG) Shares Rise Despite Market Challenges

Surgepays Inc (NASDAQ: SURG)’s stock price has soared by 8.59 in relation to previous closing price of 3.84. Nevertheless, the company has seen a gain of 8.03% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-31 that March 2024 AAII Journal, screens, and a Barron’s reporters combined to list two sets of stocks herewith called: “AAII/Barron’s All-Stars Q1/24”. The AII article was titled ‘Stock Screen All-Stars’, and the Barron’s piece was ‘5 Small Cap Stocks Poised to Rebound’. Here are 22 stocks of which fourteen pay dividends and one of those was ideal, showing dividends from 1K invested greater than its stock price as of 3/28/24.

Is It Worth Investing in Surgepays Inc (NASDAQ: SURG) Right Now?

Surgepays Inc (NASDAQ: SURG) has a price-to-earnings ratio of 2.96x that is above its average ratio. Additionally, the 36-month beta value for SURG is 1.47. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

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The public float for SURG is 12.95M and currently, short sellers hold a 12.87% ratio of that float. The average trading volume of SURG on April 04, 2024 was 889.53K shares.

SURG’s Market Performance

SURG’s stock has seen a 8.03% increase for the week, with a -41.92% drop in the past month and a -41.27% fall in the past quarter. The volatility ratio for the week is 7.37%, and the volatility levels for the past 30 days are at 9.70% for Surgepays Inc The simple moving average for the past 20 days is -15.04% for SURG’s stock, with a -27.91% simple moving average for the past 200 days.

SURG Trading at -35.82% from the 50-Day Moving Average

After a stumble in the market that brought SURG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -54.82% of loss for the given period.

Volatility was left at 9.70%, however, over the last 30 days, the volatility rate increased by 7.37%, as shares sank -37.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -38.77% lower at present.

During the last 5 trading sessions, SURG rose by +8.03%, which changed the moving average for the period of 200-days by -46.47% in comparison to the 20-day moving average, which settled at $4.78. In addition, Surgepays Inc saw -35.35% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SURG starting from Cox Kevin Brian, who purchase 5,200 shares at the price of $4.72 back on Aug 15 ’23. After this action, Cox Kevin Brian now owns 4,507,894 shares of Surgepays Inc, valued at $24,544 using the latest closing price.

Stock Fundamentals for SURG

Current profitability levels for the company are sitting at:

  • 0.14 for the present operating margin
  • 0.26 for the gross margin

The net margin for Surgepays Inc stands at 0.15. The total capital return value is set at 0.64. Equity return is now at value 124.06, with 54.15 for asset returns.

Based on Surgepays Inc (SURG), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 2.02. The debt to equity ratio resting at 0.18. The interest coverage ratio of the stock is 31.65.

Currently, EBITDA for the company is 19.97 million with net debt to EBITDA at -0.46. When we switch over and look at the enterprise to sales, we see a ratio of 0.52. The receivables turnover for the company is 14.38for trailing twelve months and the total asset turnover is 3.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.63.

Conclusion

In conclusion, Surgepays Inc (SURG) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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