SurgePays (NASDAQ:SURG) Share Price Passes Above 200 Day Moving Average of $4.53

SurgePays (NASDAQ:SURG) Share Price Passes Above 200 Day Moving Average of $4.53 #SurgePays #NASDAQSURG #Share #Price #Passes #Day #Moving #Average Welcome to Americanah Blog, here is the new story we have for you today:

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Shares of SurgePays, Inc. (NASDAQ:SURGGet Rating) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.53 and traded as high as $4.93. SurgePays shares last traded at $4.85, with a volume of 80,535 shares.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets lifted their target price on shares of SurgePays to $8.75 in a report on Tuesday, September 6th.

SurgePays Stock Down 2.0 %

The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 2.56. The company has a market capitalization of $59.40 million and a price-to-earnings ratio of -3.11. The firm’s 50 day simple moving average is $5.22 and its 200-day simple moving average is $4.53.

Insider Buying and Selling at SurgePays

In related news, CEO Kevin Brian Cox bought 7,000 shares of the firm’s stock in a transaction on Thursday, August 18th. The shares were bought at an average cost of $4.77 per share, for a total transaction of $33,390.00. Following the transaction, the chief executive officer now owns 3,449,694 shares of the company’s stock, valued at $16,455,040.38. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Institutional Investors Weigh In On SurgePays

Several institutional investors have recently made changes to their positions in the stock. State Street Corp purchased a new stake in shares of SurgePays during the 2nd quarter worth $54,000. Shay Capital LLC purchased a new position in SurgePays in the 1st quarter valued at about $107,000. Northern Trust Corp acquired a new position in shares of SurgePays during the 1st quarter valued at about $56,000. Commonwealth Equity Services LLC acquired a new position in shares of SurgePays during the 1st quarter valued at about $122,000. Finally, Kestra Advisory Services LLC increased its stake in shares of SurgePays by 56.5% during the 1st quarter. Kestra Advisory Services LLC now owns 77,150 shares of the medical equipment provider’s stock valued at $315,000 after acquiring an additional 27,850 shares during the last quarter. 7.13% of the stock is currently owned by hedge funds and other institutional investors.

About SurgePays

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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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