Surgepays Inc (NASDAQ: SURG) has seen a rise in its stock price by 10.88 in relation to its previous close of 2.39. However, the company has experienced a 7.29% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-08-08 that BARTLETT, Tenn., Aug. 8, 2024 /PRNewswire/ — SurgePays, Inc. (NASDAQ: SURG) (“SurgePays” or the “Company”), will release its second quarter 2024 financial results after the close of trading on Tuesday, August 13, 2024.
Is It Worth Investing in Surgepays Inc (NASDAQ: SURG) Right Now?
Surgepays Inc (NASDAQ: SURG) has a price-to-earnings ratio of 2.29x that is above its average ratio. Additionally, the 36-month beta value for SURG is 1.42. 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 13.20M and currently, short sellers hold a 3.54% ratio of that float. The average trading volume of SURG on August 13, 2024 was 189.27K shares.
SURG’s Market Performance
The stock of Surgepays Inc (SURG) has seen a 7.29% increase in the past week, with a -9.86% drop in the past month, and a -30.81% fall in the past quarter. The volatility ratio for the week is 7.84%, and the volatility levels for the past 30 days are at 6.12% for SURG. The simple moving average for the last 20 days is -7.49% for SURG stock, with a simple moving average of -46.46% for the last 200 days.
SURG Trading at -17.16% 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 -71.29% of loss for the given period.
Volatility was left at 6.12%, however, over the last 30 days, the volatility rate increased by 7.84%, as shares sank -13.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.00% lower at present.
During the last 5 trading sessions, SURG rose by +7.29%, which changed the moving average for the period of 200-days by -41.76% in comparison to the 20-day moving average, which settled at $2.84. In addition, Surgepays Inc saw -58.91% 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 KEVIN B COX, who proposed sale 33,600 shares at the price of $2.72 back on Aug 02 ’24. After this action, KEVIN B COX now owns shares of Surgepays Inc, valued at $91,392 using the latest closing price.
Cox Kevin Brian, the CEO and Chairman of Board of Surgepays Inc, sale 33,600 shares at $2.60 during a trade that took place back on Aug 02 ’24, which means that Cox Kevin Brian is holding 5,737,779 shares at $87,326 based on the most recent closing price.
Stock Fundamentals for SURG
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.27 for the gross margin
The net margin for Surgepays Inc stands at 0.13. The total capital return value is set at 0.26. Equity return is now at value 52.49, with 31.34 for asset returns.
Based on Surgepays Inc (SURG), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at 2.17. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is 29.67.
Currently, EBITDA for the company is 19.97 million with net debt to EBITDA at -2.19. When we switch over and look at the enterprise to sales, we see a ratio of 0.11. The receivables turnover for the company is 16.17for trailing twelve months and the total asset turnover is 1.92. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.26.
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.
