A major move is in the offing as Surgepays Inc (SURG) market cap hits 40.52 million

On Monday, Surgepays Inc (NASDAQ: SURG) was 14.86% up from the session before settling in for the closing price of $1.75. A 52-week range for SURG has been $1.33 – $9.23.

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Technology Sector giant saw their annual sales surged by 64.99% over the last five years. When this article was written, the company’s average yearly earnings per share was at -204.17%. With a float of $13.74 million, this company’s outstanding shares have now reached $14.40 million.

The firm has a total of 262 workers. Let’s measure their productivity. In terms of profitability, gross margin is 4.6%, operating margin of -26.96%, and the pretax margin is -26.58%.

Surgepays Inc (SURG) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Surgepays Inc stocks. The insider ownership of Surgepays Inc is 31.87%, while institutional ownership is 9.41%. The most recent insider transaction that took place on Nov 25 ’24, was worth 9,196. In this transaction Director of this company bought 5,000 shares at a rate of $1.84, taking the stock ownership to the 7,809 shares. Before that another transaction happened on Nov 22 ’24, when Company’s Director bought 2,809 for $1.70, making the entire transaction worth $4,775. This insider now owns 2,809 shares in total.

Surgepays Inc (SURG) Earnings and Forecasts

Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted 0.19 earnings per share (EPS) during the time that was less than consensus figure (set at 0.4) by -0.21. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.09 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -204.17% per share during the next fiscal year.

Surgepays Inc (NASDAQ: SURG) Trading Performance Indicators

You can see what Surgepays Inc (SURG) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 4.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.48.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.11, a number that is poised to hit -0.23 in the next quarter and is forecasted to reach -0.08 in one year’s time.

Technical Analysis of Surgepays Inc (SURG)

Analysing the last 5-days average volume posted by the [Surgepays Inc, SURG], we can find that recorded value of 4.45 million was better than the volume posted last year of 0.48 million. As of the previous 9 days, the stock’s Stochastic %D was 35.38%. Additionally, its Average True Range was 0.23.

During the past 100 days, Surgepays Inc’s (SURG) raw stochastic average was set at 34.52%, which indicates a significant decrease from 49.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 123.53% in the past 14 days, which was higher than the 98.80% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.7200, while its 200-day Moving Average is $3.3000. Now, the first resistance to watch is $2.1400. This is followed by the second major resistance level at $2.2700. The third major resistance level sits at $2.4700. If the price goes on to break the first support level at $1.8100, it is likely to go to the next support level at $1.6100. Should the price break the second support level, the third support level stands at $1.4800.

Surgepays Inc (NASDAQ: SURG) Key Stats

There are 20,162K outstanding shares of the company, which has a market capitalization of 40.52 million. As of now, sales total 137,140 K while income totals 20,620 K. Its latest quarter income was 4,770 K while its last quarter net income were -14,280 K.