SurgePays (NASDAQ:SURG) Stock Passes Above 200-Day Moving Average of $3.10

Shares of SurgePays, Inc. (NASDAQ:SURGGet Rating) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.10 and traded as high as $4.96. SurgePays shares last traded at $4.94, with a volume of 142,689 shares.

Separately, Maxim Group lifted their price target on SurgePays from $6.00 to $8.00 in a research note on Monday, March 28th.

The company has a debt-to-equity ratio of 2.59, a current ratio of 1.39 and a quick ratio of 0.95. The company has a 50 day simple moving average of $3.86 and a 200-day simple moving average of $3.12. The stock has a market cap of $58.66 million and a P/E ratio of -3.22.

SurgePays (NASDAQ:SURGGet Rating) last released its earnings results on Thursday, March 24th. The medical equipment provider reported ($0.88) earnings per share for the quarter. The firm had revenue of $14.16 million during the quarter.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SURG. Citadel Advisors LLC bought a new stake in shares of SurgePays in the 4th quarter valued at about $27,000. Virtu Financial LLC bought a new stake in shares of SurgePays in the 4th quarter valued at about $42,000. Geode Capital Management LLC bought a new stake in shares of SurgePays in the 4th quarter valued at about $52,000. Northern Trust Corp bought a new stake in shares of SurgePays in the 1st quarter valued at about $56,000. Finally, Susquehanna International Group LLP purchased a new position in SurgePays during the 4th quarter valued at about $67,000. 4.62% of the stock is owned by institutional investors.

SurgePays Company Profile (NASDAQ:SURG)

SurgePays, Inc, a financial technology and telecommunications company, provides services to the underbanked community in the United States. Its blockchain platform utilizes a suite of financial and prepaid products to convert corner stores and bodegas into tech-hubs for underbanked neighborhoods. The company offers voice and SMS text messaging services to subsidized and direct retail prepaid customers, as well as to low-income consumers.

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