The Week Ahead: Are Investors Really Too Optimistic About Surgepays Inc (NASDAQ: SURG)

Surgepays Inc (NASDAQ:SURG) currently has a daily average trading volume of 345.66K but it saw 69423963 shares traded in last market. With a market cap of 47.37M USD, the company’s current market price of $2.35 came rising about 70.29 while comparing to the previous closing price of $1.38. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.38 and as low as $1.05. In the recent trading on the day, stock has struck highest price mark of $1.9501 while lowest mark touched by it was $2.95.

Taking a look at 20-day trading activity of Surgepays Inc (SURG) gives us an average price of $1.3100, while its current price level is -46.35% below from 52-week high level whereas it is 124.11% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.4100 while that of 200 days or SMA-200 reads an average of $1.9700. A closer look into the stock’s movement over the week reveals that its volatility is standing at 16.46% during that period while stretching the period over a month that decreases to 11.37%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 81.33 which implies that the stock is in overbought territory.

Over the week, SURG’s stock price is moving 88.00% up while it is 86.51% when we observe its performance for the past one month. Year-to-date it is 32.02% up and over the past year, the stock is showing a downside performance of -48.35%.

The company is expected to be releasing its next quarterly report on 2025-Mar-24, for which analysts forecasted an EPS of -0.17 while estimate for next year EPS is -0.24. In next quarter, company is expected to be making quarterly sales of $19.07M as analysts are expecting the sales for current fiscal year at $136.04M and seeing the company making $308.97M in sales next year. Moreover, analysts are in estimates of $9.67M for current-quarter revenue.

Currently, Surgepays Inc’s total number of outstanding shares is 20.07M with 31.04% of that held by the insiders while 10.05% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -254.46% and return on equity (ROE) at -209.93%. It has a 2.83 of forward P/E ratio. Stock’s beta reads 1.45. Stock has a price to book (P/B) ratio of 3.08 while price to sale or P/S ratio amounts to 0.78. Its return on asset (ROA) is -137.83% on average.