During the last session, Surgepays Inc (NASDAQ:SURG)’s traded shares were 12.96 million, with the beta value of the company hitting 1.35. At the end of the trading day, the stock’s price was $2.07, reflecting an intraday gain of 41.56% or $0.61. The 52-week high for the SURG share is $9.23, that puts it down -345.89 from that peak though still a striking 35.75% gain since the share price plummeted to a 52-week low of $1.33. The company’s market capitalization is $41.68M, and the average intraday trading volume over the past 10 days was 0.24 million shares, and the average trade volume was 156.34K shares over the past three months.
Surgepays Inc (SURG) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.00. SURG has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.18.
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Surgepays Inc (NASDAQ:SURG) trade information
Surgepays Inc (SURG) registered a 41.56% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 41.56% in intraday trading to $2.07, hitting a weekly high. The stock’s 5-day price performance is 26.80%, and it has moved by 17.43% in 30 days. Based on these gigs, the overall price performance for the year is -67.04%. The short interest in Surgepays Inc (NASDAQ:SURG) is 0.39 million shares and it means that shorts have 3.13 day(s) to cover.
The consensus price target of analysts on Wall Street is $10, which implies an increase of 79.3% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10 and $10 respectively. As a result, SURG is trading at a discount of -383.09% off the target high and -383.09% off the low.
Surgepays Inc (SURG) estimates and forecasts
Statistics show that Surgepays Inc has underperformed its competitors in share price, compared to the industry in which it operates. Surgepays Inc (SURG) shares have gone down -46.73% during the last six months, with a year-to-date growth rate less than the industry average at -197.10% against 24.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -195.19% this quarter and then drop -228.57% in the quarter after that. In the rating firms’ projections, revenue will decrease -56.26% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 8.7M as predicted by 3 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 13.18M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 32.32M and 31.43M respectively. In this case, analysts expect current quarter sales to shrink by -73.09% and then drop by -58.07% in the coming quarter.
While earnings are projected to return -204.17% in 2024, the next five years will return 15.00% per annum.
SURG Dividends
Surgepays Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Surgepays Inc (NASDAQ:SURG)’s Major holders
Surgepays Inc insiders own 31.94% of total outstanding shares while institutional holders control 8.73%, with the float percentage being 12.82%. VANGUARD GROUP INC is the largest shareholder of the company, while 38.0 institutions own stock in it. As of 2024-06-30, the company held over 0.53 million shares (or 3.0031% of all shares), a total value of $1.7 million in shares.
The next largest institutional holding, with 0.4 million shares, is of CABLE CAR CAPITAL LLC’s that is approximately 2.2607% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.28 million.
Also, the Mutual Funds coming in first place with the largest holdings of Surgepays Inc (SURG) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 371.91 shares. This amounts to just over 1.84 percent of the company’s overall shares, with a $0.64 million market value. The same data shows that the other fund manager holds slightly less at 147.2, or about 0.73% of the stock, which is worth about $0.26 million.
