In the past week, SURG stock has gone up by 6.41%, with a monthly gain of 15.28% and a quarterly plunge of -42.96%. The volatility ratio for the week is 9.25%, and the volatility levels for the last 30 days are 8.08% for Surgepays Inc The simple moving average for the past 20 days is 3.52% for SURG’s stock, with a -61.15% simple moving average for the past 200 days.
Is It Worth Investing in Surgepays Inc (NASDAQ: SURG) Right Now?
The price-to-earnings ratio for Surgepays Inc (NASDAQ: SURG) is above average at 16.35x, Company’s 36-month beta value is 1.38.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for SURG is 13.47M, and currently, short sellers hold a 3.03% ratio of that floaft. The average trading volume of SURG on October 03, 2024 was 181.28K shares.
SURG) stock’s latest price update
Surgepays Inc (NASDAQ: SURG)’s stock price has gone decline by -7.26 in comparison to its previous close of 1.79, however, the company has experienced a 6.41% increase 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.
SURG Trading at -18.53% 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 -82.02% of loss for the given period.
Volatility was left at 8.08%, however, over the last 30 days, the volatility rate increased by 9.25%, as shares surge +14.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -46.62% lower at present.
During the last 5 trading sessions, SURG rose by +6.41%, which changed the moving average for the period of 200-days by -69.14% in comparison to the 20-day moving average, which settled at $1.6140. In addition, Surgepays Inc saw -74.26% 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 Ansani David C, who proposed sale 8,333 shares at the price of $1.67 back on Oct 02 ’24. After this action, Ansani David C now owns shares of Surgepays Inc, valued at $13,885 using the latest closing price.
Evers Anthony George, the Officer of Surgepays Inc, proposed sale 36,667 shares at $1.67 during a trade that took place back on Oct 02 ’24, which means that Evers Anthony George is holding shares at $61,097 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 -0.0. 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 a nutshell, Surgepays Inc (SURG) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
