Surgepays Inc (NASDAQ: SURG)’s stock price has gone decline by -12.20 in comparison to its previous close of 1.64, however, the company has experienced a -22.99% decrease in its stock price over the last five trading days. prnewswire.com reported 2024-08-22 that BARTLETT, Tenn., Aug. 22, 2024 /PRNewswire/ — SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecom company focused on the underbanked and underserved communities, announces today that it is commencing its previously authorized stock repurchase program of up to $5 million in SurgePays’ common stock.
Is It Worth Investing in Surgepays Inc (NASDAQ: SURG) Right Now?
Surgepays Inc (NASDAQ: SURG) has a higher price-to-earnings ratio of 14.19x compared to its average ratio, The 36-month beta value for SURG is at 1.36. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for SURG is 13.43M, and currently, shorts hold a 4.03% of that float. The average trading volume for SURG on September 04, 2024 was 212.24K shares.
SURG’s Market Performance
The stock of Surgepays Inc (SURG) has seen a -22.99% decrease in the past week, with a -45.25% drop in the past month, and a -57.89% fall in the past quarter. The volatility ratio for the week is 9.88%, and the volatility levels for the past 30 days are at 8.69% for SURG. The simple moving average for the past 20 days is -31.50% for SURG’s stock, with a -69.60% simple moving average for the past 200 days.
SURG Trading at -45.83% 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 -84.40% of loss for the given period.
Volatility was left at 8.69%, however, over the last 30 days, the volatility rate increased by 9.88%, as shares sank -41.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -57.65% lower at present.
During the last 5 trading sessions, SURG fell by -22.99%, which changed the moving average for the period of 200-days by -74.83% in comparison to the 20-day moving average, which settled at $2.0508. In addition, Surgepays Inc saw -77.67% 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 Evers Anthony George, who proposed sale 33,334 shares at the price of $1.54 back on Sep 03 ’24. After this action, Evers Anthony George now owns shares of Surgepays Inc, valued at $51,254 using the latest closing price.
KEVIN B COX, the Director of Surgepays Inc, proposed sale 35,100 shares at $1.64 during a trade that took place back on Sep 03 ’24, which means that KEVIN B COX is holding shares at $57,564 based on the most recent closing price.
Stock Fundamentals for SURG
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.19 for the gross margin
The net margin for Surgepays Inc stands at -0.01. The total capital return value is set at -0.02. Equity return is now at value -4.91, with -3.18 for asset returns.
Based on Surgepays Inc (SURG), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at 2.03. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is -2.35.
Currently, EBITDA for the company is 19.97 million with net debt to EBITDA at 723.07. When we switch over and look at the enterprise to sales, we see a ratio of -0.04. The receivables turnover for the company is 80.01for trailing twelve months and the total asset turnover is 2.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.38.
Conclusion
In conclusion, Surgepays Inc (SURG) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
