Surgepays Inc (NASDAQ: SURG)’s stock price has gone decline by -9.27 in comparison to its previous close of 2.05, however, the company has experienced a 5.08% increase in its stock price over the last five trading days. prnewswire.com reported 2024-10-10 that Existing ACP Customers Can Now Opt-in to Lifeline Program BARTLETT, Tenn., Oct. 10, 2024 /PRNewswire/ — SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecom company announced today that it has signed a Master Services Agreement (MSA) with TerraCom, Inc. (“TerraCom”), a wireless service provider and licensed Lifeline provider, effective October 3, 2024.
Is It Worth Investing in Surgepays Inc (NASDAQ: SURG) Right Now?
Surgepays Inc (NASDAQ: SURG) has a higher price-to-earnings ratio of 18.33x compared to its average ratio, The 36-month beta value for SURG is at 1.38. 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 13.39M, and currently, shorts hold a 2.97% of that float. The average trading volume for SURG on October 15, 2024 was 177.32K shares.
SURG’s Market Performance
SURG’s stock has seen a 5.08% increase for the week, with a 10.71% rise in the past month and a -42.41% fall in the past quarter. The volatility ratio for the week is 11.84%, and the volatility levels for the past 30 days are at 8.57% for Surgepays Inc The simple moving average for the last 20 days is 7.14% for SURG’s stock, with a simple moving average of -54.65% for the last 200 days.
SURG Trading at 1.55% 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 -79.85% of loss for the given period.
Volatility was left at 8.57%, however, over the last 30 days, the volatility rate increased by 11.84%, as shares surge +12.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.28% lower at present.
During the last 5 trading sessions, SURG rose by +5.08%, which changed the moving average for the period of 200-days by -69.21% in comparison to the 20-day moving average, which settled at $1.74. In addition, Surgepays Inc saw -71.16% 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 sale 32,375 shares at the price of $1.75 back on Oct 02 ’24. After this action, Cox Kevin Brian now owns 5,836,970 shares of Surgepays Inc, valued at $56,708 using the latest closing price.
Evers Anthony George, the Chief Financial Officer of Surgepays Inc, sale 36,667 shares at $1.54 during a trade that took place back on Oct 02 ’24, which means that Evers Anthony George is holding 288,257 shares at $56,379 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 0.03. 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 mixed 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.
