The stock price of Surgepays Inc (NASDAQ: SURG) has plunged by -6.25 when compared to previous closing price of 1.84, but the company has seen a -5.74% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-12-10 that BARTLETT, Tenn., Dec. 10, 2024 /PRNewswire/ — SurgePays, Inc. (Nasdaq: SURG) has fully integrated its ClearLine software marketing platform with Clover’s powerful point-of-sale (POS) system, bringing cutting-edge marketing tools to small- and medium-sized businesses (SMBs) and allowing them to elevate customer engagement and loyalty.
Is It Worth Investing in Surgepays Inc (NASDAQ: SURG) Right Now?
The stock has a 36-month beta value of 1.42. Opinions on the stock are mixed, 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 13.95M, and at present, short sellers hold a 4.17% of that float. On December 13, 2024, the average trading volume of SURG was 503.64K shares.
SURG’s Market Performance
SURG stock saw an increase of -5.74% in the past week, with a monthly gain of 0.88% and a quarterly increase of 4.55%. The volatility ratio for the week is 6.86%, and the volatility levels for the last 30 days are 12.73% for Surgepays Inc (SURG). The simple moving average for the last 20 days is -4.02% for SURG stock, with a simple moving average of -40.68% for the last 200 days.
SURG Trading at -2.01% 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 -81.31% of loss for the given period.
Volatility was left at 12.73%, however, over the last 30 days, the volatility rate increased by 6.86%, as shares surge +7.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.52% upper at present.
During the last 5 trading sessions, SURG fell by -3.83%, which changed the moving average for the period of 200-days by -77.32% in comparison to the 20-day moving average, which settled at $1.7990. In addition, Surgepays Inc saw -73.26% 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 Cox Kevin Brian, who sale 35,180 shares at the price of $1.82 back on Dec 03 ’24. After this action, Cox Kevin Brian now owns 5,770,090 shares of Surgepays Inc, valued at $64,084 using the latest closing price.
Evers Anthony George, the Chief Financial Officer of Surgepays Inc, sale 36,666 shares at $1.86 during a trade that took place back on Dec 02 ’24, which means that Evers Anthony George is holding 214,924 shares at $68,199 based on the most recent closing price.
Stock Fundamentals for SURG
Current profitability levels for the company are sitting at:
- -0.27 for the present operating margin
- 0.05 for the gross margin
The net margin for Surgepays Inc stands at -0.27. The total capital return value is set at -0.62. Equity return is now at value -80.54, with -54.04 for asset returns.
Based on Surgepays Inc (SURG), the company’s capital structure generated 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at -2.59. The debt to equity ratio resting at 0.13. The interest coverage ratio of the stock is -47.04.
Currently, EBITDA for the company is 20.08 million with net debt to EBITDA at 0.44. When we switch over and look at the enterprise to sales, we see a ratio of 0.31. The receivables turnover for the company is 55.22for trailing twelve months and the total asset turnover is 2.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.24.
Conclusion
To sum up, Surgepays Inc (SURG) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
