SurgePays (NASDAQ:SURG) Issues Earnings Results

SurgePays (NASDAQ:SURG) posted its quarterly earnings data on Tuesday. The medical equipment provider reported ($0.93) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.62), Zacks reports. SurgePays had a negative return on equity of 55.63% and a negative net margin of 27.39%.

SurgePays Price Performance

Shares of NASDAQ SURG opened at $1.38 on Wednesday. The stock has a market capitalization of $27.82 million, a PE ratio of -1.22 and a beta of 1.03. SurgePays has a fifty-two week low of $1.05 and a fifty-two week high of $4.38. The company has a debt-to-equity ratio of 0.08, a current ratio of 6.24 and a quick ratio of 4.70. The business has a fifty day moving average price of $1.39 and a two-hundred day moving average price of $1.61.

Analyst Ratings Changes

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

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.