SurgePays (SURG) Scheduled to Post Quarterly Earnings on Tuesday

SurgePays (NASDAQ:SURG) will be announcing its earnings results after the market closes on Tuesday, August 13th. Analysts expect the company to announce earnings of ($0.06) per share for the quarter.

SurgePays (NASDAQ:SURG) last announced its earnings results 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). The company had revenue of $31.43 million for the quarter, compared to the consensus estimate of $32.40 million. SurgePays had a return on equity of 55.35% and a net margin of 12.93%. On average, analysts expect SurgePays to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

SurgePays Trading Down 0.8 %

NASDAQ:SURG traded down $0.02 during trading hours on Friday, hitting $2.47. 41,904 shares of the company were exchanged, compared to its average volume of 476,029. The stock has a market capitalization of $47.94 million, a price-to-earnings ratio of 2.15, a price-to-earnings-growth ratio of 5.76 and a beta of 1.00. The company has a current ratio of 6.26, a quick ratio of 5.48 and a debt-to-equity ratio of 0.06. SurgePays has a one year low of $2.36 and a one year high of $9.23. The company has a fifty day simple moving average of $3.21 and a 200 day simple moving average of $4.58.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets lowered their target price on SurgePays from $10.00 to $9.50 and set a “buy” rating for the company in a research report on Thursday, June 6th.

Insider Transactions at SurgePays

In other news, CFO Anthony George Evers sold 36,667 shares of SurgePays stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $3.01, for a total value of $110,367.67. Following the completion of the transaction, the chief financial officer now directly owns 174,006 shares of the company’s stock, valued at approximately $523,758.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Kevin Brian Cox sold 20,915 shares of SurgePays stock in a transaction dated Tuesday, July 2nd. The stock was 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 directly owns 5,688,046 shares of the company’s stock, valued at approximately $17,348,540.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Anthony George Evers sold 36,667 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $3.01, for a total value of $110,367.67. Following the completion of the sale, the chief financial officer now owns 174,006 shares of the company’s stock, valued at $523,758.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,265 shares of company stock valued at $273,767. Corporate insiders own 29.40% of the company’s stock.

SurgePays Company Profile

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.