SurgePays (NASDAQ:SURG) Posts Earnings Results

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

SurgePays Stock Up 5.3 %

NASDAQ:SURG traded up $0.07 during trading hours on Tuesday, hitting $1.38. 7,758,910 shares of the company traded hands, compared to its average volume of 272,838. The company has a quick ratio of 4.70, a current ratio of 6.24 and a debt-to-equity ratio of 0.08. The company has a market cap of $27.82 million, a PE ratio of -1.22 and a beta of 1.03. The firm’s 50-day simple moving average is $1.39 and its 200-day simple moving average is $1.61. SurgePays has a one year low of $1.05 and a one year high of $4.61.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets dropped their price target on shares of SurgePays from $9.00 to $8.50 and set a “buy” rating on the stock in a research report 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.