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DOW   39,807.37
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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:SURG

SurgePays (SURG) Stock Price, News & Analysis

$3.85
+0.12 (+3.22%)
(As of 03/28/2024 ET)
Today's Range
$3.72
$3.98
50-Day Range
$3.73
$8.97
52-Week Range
$3.65
$9.23
Volume
608,656 shs
Average Volume
899,954 shs
Market Capitalization
$74.27 million
P/E Ratio
2.77
Dividend Yield
N/A
Price Target
N/A
SURG stock logo

About SurgePays Stock (NASDAQ:SURG)

Surgepays Inc is a technology and financial services company specializing in providing distribution, logistics, and digital marketing services to convenience stores, bodegas, and other small retailers. The company was founded in 2016 and is headquartered in Bartlett, Tennessee. Surgepays is focused on helping small businesses compete against larger retailers by assisting them to provide telecommunications and fintech products and services. The company operates in a highly competitive industry and has been able to differentiate itself by leveraging its technology and logistics expertise.

The leadership team at Surgepays Inc comprises experienced professionals with backgrounds in technology, finance, and logistics. The company's CEO is Brian Cox, who has over 15 years of experience in the technology industry, including serving as the CTO of a publicly-traded company. The CFO is Anthony Evers, who has over 15 years of experience in finance and accounting, including working for a Big Four accounting firm. The President of Surgepays Fintech, Jeremy Gies, previously worked as their Senior Channel Business Manager at Honeywell Voice Solutions. Jeremy Gies has a long history of working in telecom sales and development. 

Surgepays Inc has experienced consistent revenue growth over the past few years but has also missed the mark on expected earnings per share (EPS) nearly every quarter for the past few years. The company has been working on increasing its gross profit margin and has made some upward movement regarding that. Surgepays has achieved this growth through a combination of organic growth and strategic acquisitions. The company recently reached a subscriber goal by passing over 200,000 subscribers in Q4 of 2022. However, the company is in debt, with a debt-to-equity ratio significantly higher than industry averages. The company has also recently completed a 1 for 50 reverse stock split, which has helped to reduce its outstanding shares and improve its financial position. Surgepays Inc's price-to-earnings ratio is significantly lower than the industry average, and the company's price-to-book ratio is also relatively low. These valuation metrics suggest that Surgepays may be undervalued relative to its peers. Surgepays Inc has had a volatile stock performance over the past year. The company has also experienced an increase in trading volume over the past year, with an average daily trading volume of around 100,000 shares daily.

Surgepays Inc operates in the highly competitive convenience store and bodega distribution industry, dominated by large retailers such as Walmart and Amazon. However, the company has been able to differentiate itself by focusing on small retailers and underserved customers in the fintech space. The industry also faces increasing regulatory and political pressures, primarily in online fraud through gift cards and "burner phones," often used for illegal purposes. 

Surgepays Inc has several potential growth opportunities, including expanding its product and service offerings, acquiring smaller competitors, and expanding into new markets. The company has recently launched a new ISO program, which has the potential to generate significant revenue growth. The company has also been actively seeking strategic acquisitions, focusing on companies that can help expand its geographic reach and product offerings.

Surgepays Inc faces several potential risks and challenges, including increasing competition from larger retailers, regulatory and political pressures, and the potential for economic downturns. The company's focus on small retailers is also a potential weakness, as these retailers are more susceptible to economic downturns and other market pressures. Surgepays must continue to innovate and differentiate itself to maintain its competitive position.

SURG Stock Price History

SURG Stock News Headlines

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Q4 2023 Surgepays Inc Earnings Call
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Recap: Surgepays Q4 Earnings
Here's what Wall Street expects from SurgePays's earnings
Preview: Surgepays's Earnings
SurgePays: Flies Under The Radar
SURG Aug 2024 17.500 call
SURG Apr 2024 12.500 put
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SURG Oct 2024 15.000 put
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See More Headlines
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Company Calendar

Last Earnings
10/14/2015
Today
3/28/2024
Next Earnings (Estimated)
5/09/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Telephone communication, except radio
Sub-Industry
N/A
Current Symbol
NASDAQ:SURG
Fax
N/A
Employees
20
Year Founded
N/A

Profitability

Net Income
$20.62 million
Pretax Margin
13.40%

Debt

Sales & Book Value

Annual Sales
$137.14 million
Cash Flow
$1.29 per share
Book Value
$1.68 per share

Miscellaneous

Free Float
13,619,000
Market Cap
$75.04 million
Optionable
Optionable
Beta
1.26
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Key Executives

  • Mr. Kevin Brian Cox (Age 49)
    Chairman & CEO
    Comp: $1.65M
  • Mr. David C. Ansani J.D. (Age 59)
    M.B.A., Director of Legal/Human Resources Services, Secretary & Chief Administrative Officer
    Comp: $423.83k
  • Mr. John MottMr. John Mott
    Chief Technology Officer
  • Mr. Carter M. Matzinger (Age 49)
    Chief Strategic Officer of LogicsIQ
    Comp: $187.21k
  • Mr. Brian M. Prenoveau C.F.A.
    Managing Director of MZ

SURG Stock Analysis - Frequently Asked Questions

Should I buy or sell SurgePays stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SurgePays in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" SURG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SURG, but not buy additional shares or sell existing shares.
View SURG analyst ratings
or view top-rated stocks.

How have SURG shares performed in 2024?

SurgePays' stock was trading at $6.45 on January 1st, 2024. Since then, SURG stock has decreased by 40.3% and is now trading at $3.85.
View the best growth stocks for 2024 here
.

When is SurgePays' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our SURG earnings forecast
.

How were SurgePays' earnings last quarter?

SurgePays, Inc. (NASDAQ:SURG) issued its quarterly earnings data on Wednesday, October, 14th. The medical equipment provider reported $0.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.06. SurgePays had a net margin of 15.03% and a trailing twelve-month return on equity of 104.66%.

What other stocks do shareholders of SurgePays own?
Who are SurgePays' major shareholders?

SurgePays' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (2.69%), Vanguard Group Inc. (2.69%), Bailard Inc. (0.39%), Northern Trust Corp (0.25%), Citadel Advisors LLC (0.00%) and GSA Capital Partners LLP (0.12%). Insiders that own company stock include David Allen May, John Mott and Kevin Brian Cox.
View institutional ownership trends
.

How do I buy shares of SurgePays?

Shares of SURG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SURG) was last updated on 3/29/2024 by MarketBeat.com Staff

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