Charge Enterprises Inc (CRGE) with a beta value of 2.68 appears to be a promising investment opportunity.

Charge Enterprises Inc (NASDAQ: CRGE) on Monday, soared 4.08% from the previous trading day, before settling in for the closing price of $0.10. Within the past 52 weeks, CRGE’s price has moved between $0.08 and $1.54.

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Communication Services Sector giant saw their annual sales surged by 127.33% over the last five years. The company achieved an average annual earnings per share of 48.57%. With a float of $105.65 million, this company’s outstanding shares have now reached $206.84 million.

Charge Enterprises Inc (CRGE) Breakdown of a Key Holders of the stock

Observing investor behavior towards Telecom Services industry stocks is more important than anything else. The insider ownership of Charge Enterprises Inc is 50.87%, while institutional ownership is 21.17%. The most recent insider transaction that took place on Sep 14, was worth 6,800. In this transaction CLO, CCO, Secretary of this company bought 10,000 shares at a rate of $0.68, taking the stock ownership to the 30,000 shares. Before that another transaction happened on Sep 14, when Company’s Director bought 3,000 for $0.62, making the entire transaction worth $1,860. This insider now owns 30,000 shares in total.

Charge Enterprises Inc (CRGE) Recent Fiscal highlights

As on 9/29/2023, Multinational firm has announced its last quarter scores, in which it reported -$0.05 earnings per share (EPS) for the period topping the consensus outlook (set at -$0.06) by $0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 48.57% per share during the next fiscal year.

Charge Enterprises Inc (NASDAQ: CRGE) Trading Performance Indicators

Charge Enterprises Inc (CRGE) is currently performing well based on its current performance indicators. A quick ratio of 0.93 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.04. Likewise, its price to free cash flow for the trailing twelve months is 1.24.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.20, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach -0.08 in one year’s time.

Technical Analysis of Charge Enterprises Inc (CRGE)

Analysing the last 5-days average volume posted by the [Charge Enterprises Inc, CRGE], we can find that recorded value of 8.72 million was lower than the volume posted last year of 34.71 million. As of the previous 9 days, the stock’s Stochastic %D was 14.02%. Additionally, its Average True Range was 0.03.

During the past 100 days, Charge Enterprises Inc’s (CRGE) raw stochastic average was set at 5.44%, which indicates a significant decrease from 10.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 112.06% in the past 14 days, which was lower than the 219.78% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.1290, while its 200-day Moving Average is $0.5650. Now, the first resistance to watch is $0.1107. This is followed by the second major resistance level at $0.1141. The third major resistance level sits at $0.1210. If the price goes on to break the first support level at $0.1004, it is likely to go to the next support level at $0.0935. Now, if the price goes above the second support level, the third support stands at $0.0901.

Charge Enterprises Inc (NASDAQ: CRGE) Key Stats

Market capitalization of the company is 23.05 million based on 215,040K outstanding shares. Right now, sales total 697,830 K and income totals -30,350 K. The company made 132,280 K in profit during its latest quarter, and -6,950 K in sales during its previous quarter.