SurgePays, Inc. (NASDAQ:SURG – Get Free Report) CEO Kevin Brian Cox sold 20,915 shares of SurgePays stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $3.05, for a total value of $63,790.75. Following the completion of the transaction, the chief executive officer now owns 5,688,046 shares in the company, valued at approximately $17,348,540.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
SurgePays Price Performance
Shares of SURG opened at $2.91 on Thursday. The company has a quick ratio of 5.48, a current ratio of 6.26 and a debt-to-equity ratio of 0.06. The stock has a market cap of $56.48 million, a PE ratio of 2.53, a PEG ratio of 6.93 and a beta of 1.00. SurgePays, Inc. has a 12-month low of $2.89 and a 12-month high of $9.23. The business has a 50-day simple moving average of $3.72 and a two-hundred day simple moving average of $5.21.
SurgePays (NASDAQ:SURG – Get Free Report) last released its quarterly earnings data on Monday, May 13th. The medical equipment provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.20). SurgePays had a net margin of 12.93% and a return on equity of 55.35%. The firm had revenue of $31.43 million during the quarter, compared to analyst estimates of $32.40 million. Analysts anticipate that SurgePays, Inc. will post 0.03 earnings per share for the current fiscal year.
Hedge Funds Weigh In On SurgePays
Wall Street Analyst Weigh In
Several brokerages have commented on SURG. Maxim Group downgraded SurgePays from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. Ascendiant Capital Markets dropped their price objective on shares of SurgePays from $10.00 to $9.50 and set a “buy” rating for the company in a research note on Thursday, June 6th.
Check Out Our Latest Report on SurgePays
About SurgePays
SurgePays, Inc, together with its subsidiaries, operates as a financial technology and telecom company in the United States. It operates through three segments: Mobile Virtual Network Operators, Comprehensive Platform Services, and Lead Generation. The company offers subsidized and non-subsidized mobile virtual network operators for internet connectivity through mobile broadband services to consumers; ACH banking relationships and fintech transactions platform to convenience stores; wireless top-up transactions and wireless product aggregation; and lead generation and case management solutions primarily to law firms in the mass tort industry, as well as call center activities.
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