SurgePays: Taking To 'Neutral' Given ACP Uncertainty (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
Congress has introduced the Affordable Connectivity Program Extension Act to keep the program going, but its passage is uncertain. The potential end of the ACP program adds significant risk to SurgePays, impacting its customer base and future growth prospects. Back in January, I started coverage of SurgePays, Inc. NASDAQ: SURG ) with a “Buy” rating, noting the company has nice growth prospects as its expands its convenience store distribution network and improves gross margins. However, the company depends heavily on the Affordable Connectivity Program ("ACP"), which could be set to end soon. Let's catch up on the name ahead of its earnings expected post-market on Tuesday, March 12th. Company Profile As a reminder, SURG is a fintech and telecom provider that primarily serves low-income customers. About 85% of its revenue comes from its wireless service offerings. The company owns two MVNOs (mobile virtual network operators), Torch and SurgePhone, which provide services over t
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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 Stock: Don't Double Down (Rating Downgrade) [Seeking Alpha]Seeking Alpha
SURG
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 4/26/24 - Form 4
- SURG's page on the SEC website