SurgePays (SURG) Projected to Post Earnings on Tuesday

SurgePays (NASDAQ:SURG) is expected to issue its quarterly earnings data before the market opens on Tuesday, March 11th. Analysts expect the company to announce earnings of ($0.31) per share and revenue of $8.22 million for the quarter.

SurgePays Trading Down 10.2 %

Shares of SURG stock opened at $1.15 on Tuesday. The stock has a 50-day simple moving average of $1.55 and a 200 day simple moving average of $1.67. SurgePays has a fifty-two week low of $1.15 and a fifty-two week high of $7.66. The stock has a market capitalization of $23.19 million, a P/E ratio of -1.02 and a beta of 1.00. The company has a quick ratio of 4.70, a current ratio of 6.24 and a debt-to-equity ratio of 0.08.

Analyst Upgrades and Downgrades

Separately, Ascendiant Capital Markets decreased their target price on SurgePays from $9.00 to $8.50 and set a “buy” rating for the company in a research note on Monday, December 16th.

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.