SurgePays (SURG) Scheduled to Post Quarterly Earnings on Monday

SurgePays (NASDAQ:SURG) is scheduled to be announcing its earnings results after the market closes on Monday, May 13th. Analysts expect the company to announce earnings of $0.27 per share for the quarter.

SurgePays (NASDAQ:SURG) last released its earnings results on Tuesday, March 12th. The medical equipment provider reported $0.19 earnings per share for the quarter. The business had revenue of $32.32 million for the quarter. SurgePays had a net margin of 15.03% and a return on equity of 104.66%. 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 1.0 %

Shares of NASDAQ:SURG traded down $0.04 during mid-day trading on Tuesday, hitting $3.99. The stock had a trading volume of 57,739 shares, compared to its average volume of 689,611. SurgePays has a 12-month low of $3.28 and a 12-month high of $9.23. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.91 and a current ratio of 2.63. The company has a market cap of $76.97 million, a PE ratio of 2.86, a P/E/G ratio of 0.60 and a beta of 1.11. The company’s 50 day moving average is $4.60 and its 200-day moving average is $5.73.

Analyst Ratings Changes

SURG has been the subject of a number of analyst reports. Maxim Group cut shares of SurgePays from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. Ascendiant Capital Markets cut their target price on SurgePays from $11.50 to $10.00 and set a “buy” rating on the stock in a report on Monday, April 1st.

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.