SurgePays Remains A Wild Card [Seeking Alpha]
SurgePays, Inc. (SURG)
US:NASDAQ Investor Relations:
globenewswire.com/news-release/2018/02/15/1348912/0/en/surge-holdings-inc-has-been-approved-for-trading-on-the-otcqb-venture-market.html
Company Research
Source: Seeking Alpha
Follow Play 11min Summary I initially rated SurgePays stock as "Buy" due to expected operational expansion, but then downgraded it to "Hold" due to the ACP funding program's end and financial uncertainties. Q2 FY2024 results were disappointing with a 58% revenue drop, negative gross profit, and increased SG&A expenses, highlighting the risks of dependency on government contracts. Despite some weakening in Q2 FY2024, the balance sheet still looks good. SURG is transitioning to a non-subsidized model and aims for positive cash flow by year-end, but this may be a long-term endeavor, in my opinion. SurgePays' current stock valuation appears discounted, but ongoing financial struggles and execution risks suggest further declines; thus, maintaining a "Hold" rating on SURG stock is prudent. Looking for a helping hand in the market? Members of Beyond the Wall Investing get exclusive ideas and guidance to navigate any climate. Learn More » Shutthiphong Chandaeng/iStock via
Show less
Read more
Impact Snapshot
Event Time:
SURG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SURG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SURG alerts
High impacting SurgePays, Inc. news events
Weekly update
A roundup of the hottest topics
SURG
News
- SurgePays, Inc. (NASDAQ: SURG) had its price target lowered by analysts at Ascendiant Capital Markets from $9.50 to $9.00. They now have a "buy" rating on the stock.MarketBeat
- SurgePays starts $5M share buyback program [Seeking Alpha]Seeking Alpha
- SurgePays Announces Commencement of Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
- SurgePays Announces Commencement of Share Repurchase ProgramPR Newswire
- SurgePays, Inc. (SURG) Reports Q2 Loss, Tops Revenue Estimates [Yahoo! Finance]Yahoo! Finance
SURG
Earnings
- 8/13/24 - Miss
SURG
Analyst Actions
- 9/11/24 - Ascendiant Capital
SURG
Sec Filings
- 10/3/24 - Form 4
- 10/3/24 - Form 4
- 10/2/24 - Form 144
- SURG's page on the SEC website