On November 20, 2023, Surgepays Inc (NASDAQ: SURG) opened at $6.04, higher 7.61% from the last session. During the day, the shares moved up to $6.60 and dropped to $6.00 before settling in for the closing price of $5.91. Price fluctuations for SURG have ranged from $3.88 to $8.33 over the past 52 weeks.
Annual sales at Technology sector company grew by 255.65% over the past five years. Company’s average yearly earnings per share was noted 2860.00% at the time writing. With a float of $8.52 million, this company’s outstanding shares have now reached $14.12 million.
Let’s look at the performance matrix of the company that is accounted for 260 employees. In terms of profitability, gross margin is +10.31, operating margin of +0.52, and the pretax margin is -0.46.
Surgepays Inc (SURG) Insider Updates
A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of Surgepays Inc is 40.15%, while institutional ownership is 12.62%. The most recent insider transaction that took place on Aug 15, was worth 24,544. In this transaction CHIEF EXECUTIVE OFFICER of this company bought 5,200 shares at a rate of $4.72, taking the stock ownership to the 4,507,894 shares.
Surgepays Inc (SURG) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 9/29/2023, the company posted $0.49 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.28) by $0.21. This company achieved a net margin of -0.56 while generating a return on equity of -15.94. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.39 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 2860.00% per share during the next fiscal year.
Surgepays Inc (NASDAQ: SURG) Trading Performance Indicators
Check out the current performance indicators for Surgepays Inc (SURG). In the past quarter, the stock posted a quick ratio of 1.57. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.64. Likewise, its price to free cash flow for the trailing twelve months is 7.13.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.41, a number that is poised to hit 0.34 in the next quarter and is forecasted to reach 1.74 in one year’s time.
Technical Analysis of Surgepays Inc (SURG)
Surgepays Inc (NASDAQ: SURG) saw its 5-day average volume 0.43 million, a positive change from its year-to-date volume of 0.16 million. As of the previous 9 days, the stock’s Stochastic %D was 67.16%. Additionally, its Average True Range was 0.38.
During the past 100 days, Surgepays Inc’s (SURG) raw stochastic average was set at 65.63%, which indicates a significant decrease from 89.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 68.47% in the past 14 days, which was lower than the 71.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.80, while its 200-day Moving Average is $5.32. Nevertheless, the first resistance level for the watch stands at $6.64 in the near term. At $6.92, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.24. If the price goes on to break the first support level at $6.04, it is likely to go to the next support level at $5.72. Assuming the price breaks the second support level, the third support level stands at $5.44.
Surgepays Inc (NASDAQ: SURG) Key Stats
There are currently 14,228K shares outstanding in the company with a market cap of 90.50 million. Presently, the company’s annual sales total 121,540 K according to its annual income of -680 K. Last quarter, the company’s sales amounted to 35,890 K and its income totaled 5,970 K.