Surgepays Inc (NASDAQ: SURG) is -74.57% lower on its value in year-to-date trading and has touched a low of $1.64 and a high of $9.23 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SURG stock was last observed hovering at around $1.71 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $1.64, the stock is -23.78% and -39.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.14 million and changing -4.09% at the moment leaves the stock -65.52% off its SMA200. SURG registered -68.52% loss for a year compared to 6-month loss of -78.42%.
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The stock witnessed a -39.71% gain in the last 1 month and extending the period to 3 months gives it a -55.19%, and is -15.46% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.62% over the week and 8.07% over the month.
Surgepays Inc (SURG) has around 262 employees, a market worth around $32.37M and $112.99M in sales. Current P/E ratio is 16.16 and Fwd P/E is 13.30. Profit margin for the company is -1.36%. Distance from 52-week low is 0.00% and -82.23% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.09%).
with sales reaching $16.34M over the same period.The EPS is expected to shrink by -156.76% this year, but quarterly earnings will post -48.20% year-over-year. Quarterly sales are estimated to shrink -56.80% in year-over-year returns.
Surgepays Inc (SURG) Top Institutional Holders
42.0 institutions hold shares in Surgepays Inc (SURG), with institutional investors hold 13.83% of the company’s shares. The shares outstanding are 14.40M, and float is at 13.43M with Short Float at 4.03%. Institutions hold 9.47% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 0.53 million shares valued at $1.7 million. The investor’s holdings represent 3.0031% of the SURG Shares outstanding. As of 2024-06-30, the second largest holder is CABLE CAR CAPITAL LLC with 0.4 million shares valued at $$1.28 million to account for 2.2607 of the shares outstanding. The other top investors are SUSQUEHANNA INTERNATIONAL GROUP, LLP which holds 0.15 million shares representing 0.8619% and valued at over $0.49 million, while GEODE CAPITAL MANAGEMENT, LLC holds 0.7516 of the shares totaling 0.13 million with a market value of $0.42 million.
Surgepays Inc (SURG) Insider Activity
The most recent transaction is an insider sale by Evers Anthony George,the company’sChief Financial Officer. SEC filings show that Evers Anthony George sold 8,333 shares of the company’s common stock on Aug 01 ’24 at a price of $2.78 per share for a total of $23174.0. Following the sale, the insider now owns 0.23 million shares.
Surgepays Inc disclosed in a document filed with the SEC on Jul 31 ’24 that Evers Anthony George (Chief Financial Officer) sold a total of 83 shares of the company’s common stock. The trade occurred on Jul 31 ’24 and was made at $3.00 per share for $249.0. Following the transaction, the insider now directly holds 0.17 million shares of the SURG stock.
Still, SEC filings show that on Aug 02 ’24, Cox Kevin Brian (CEO and Chairman of Board) disposed off 33,600 shares at an average price of $2.60 for $87326.0. The insider now directly holds 5,737,779 shares of Surgepays Inc (SURG).
