Surgepays Inc (NASDAQ:SURG) has a beta value of 1.60 and has seen 0.48 million shares traded in the recent trading session. The company, currently valued at $82.95M, closed the recent trade at $4.30 per share which meant it lost -$0.32 on the day or -7.03% during that session. The SURG stock price is -114.65% off its 52-week high price of $9.23 and 9.77% above the 52-week low of $3.88. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.27 million shares traded. The 3-month trading volume is 810.12K shares.
Surgepays Inc (NASDAQ:SURG) trade information
Sporting -7.03% in the red today, the stock has traded in the red over the last five days, when the SURG stock price touched $4.30 or saw a rise of 38.83%. Year-to-date, Surgepays Inc shares have moved -33.33%, while the 5-day performance has seen it change -31.75%. Over the past 30 days, the shares of Surgepays Inc (NASDAQ:SURG) have changed -51.30%. Short interest in the company has seen 1.86 million shares shorted with days to cover at 2.02.
Surgepays Inc (SURG) estimates and forecasts
The company’s shares have lost -8.12% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 1.90%.
2 analysts offering their estimates for the company have set an average revenue estimate of $33.66 million for the current quarter. 2 have an estimated revenue figure of $34.66 million for the next quarter concluding in Jun 2024. Year-ago sales stood $36.5 million and $39.05 million respectively for this quarter and the next, and analysts expect sales will shrink by -7.80% for the current quarter and -11.20% for the next.
SURG Dividends
Surgepays Inc is expected to release its next earnings report between May 09 and May 13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Surgepays Inc (NASDAQ:SURG)’s Major holders
Insiders own 29.47% of the company shares, while shares held by institutions stand at 7.13% with a share float percentage of 10.11%. Investors are also buoyed by the number of investors in a company, with Surgepays Inc having a total of 39 institutions that hold shares in the company. The top two institutional holders are Praetorian Pr LLC with over 0.48 million shares worth more than $3.52 million. As of Jun 29, 2023, Praetorian Pr LLC held 3.39% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 0.44 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $3.24 million and represent 3.11% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Bridgeway Funds Inc-Ultra Small Company Fund. As of Jun 29, 2023, the former fund manager holds about 2.43% shares in the company for having 0.35 million shares of worth $2.52 million while later fund manager owns 0.11 million shares of worth $0.83 million as of Jun 29, 2023, which makes it owner of about 0.80% of company’s outstanding stock.
