SurgePays Stock: Don't Double Down (Rating Downgrade) [Seeking Alpha]
SurgePays, Inc. (SURG)
US:NASDAQ Investor Relations:
globenewswire.com/news-release/2018/02/15/1348912/0/en/surge-holdings-inc-has-been-approved-for-trading-on-the-otcqb-venture-market.html
Company Research
Source: Seeking Alpha
This article discusses the reasons for SURG's heavy dip and potential areas where I was wrong. As a result, I do not recommend to double down here on SURG. But even if we imagine SURG's EPS dropping to $0.5 instead of the $1 estimated for 2024, the implied P/E ratio will be ~9x, which still makes SURG relatively cheap. As soon as the ACP program is approved and funded again - I think that will happen one day - the stock should theoretically respond with strong growth. The only question is when investors should expect the approval. I'm downgrading the stock to "Hold" today, continuing to hold a deeply unprofitable position in the model portfolio until better times. I do much more than just articles at Beyond the Wall Investing: Members get access to model portfolios, regular updates, a chat room, and more. Learn More » Intro & Thesis In early February, I wrote an article about SurgePays, Inc. NASDAQ: SURG ) stock in which I made the case for buying this stock based on its
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SURG
News
- SurgePays to Participate in Water Tower Fireside Chat Series [Yahoo! Finance]Yahoo! Finance
- SurgePays to Participate in Water Tower Fireside Chat SeriesGlobeNewswire
- Is Weakness In SurgePays, Inc. (NASDAQ:SURG) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects? [Yahoo! Finance]Yahoo! Finance
- SurgePays, Inc. (NASDAQ: SURG) had its price target lowered by analysts at Ascendiant Capital Markets from $11.50 to $10.00. They now have a "buy" rating on the stock.MarketBeat
- SurgePays Full Year 2023 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
SURG
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- SURG's page on the SEC website